Economic recovery fraud as 93% of all new jobs are imaginary, and 72% of all businesses are unprofitable
Tens of trillions of dollars in printed money can mask many ills, but there was a reason why the voters chose to elect Donald Trump to the office of President during last year’s election… because on Main Street the economic recovery so touted by the Fed has been a complete fraud.
And while we could quibble over the fact that 93 million Americans are not even being counted in the nation’s labor pool, or that over 80%+ of all real jobs created since the Great Recession were low to minimum wage ones, there are two other indisputable facts that validate the entire recovery has been little more than smoke and mirrors.
93 percent of all jobs ‘created’ in BLS reporting have been imaginary ones from the agencies Birth/Death model.
As our friends at Morningside Hill calculate, a full 93% of the new jobs reported since 2008 – 6.3 million out of 6.7 million – and 40% of the jobs in 2016 alone were added through the business birth and death model â€“ a highly controversial model which is not supported by the data. On the contrary, all data on establishment births and deaths point to an ongoing decrease in entrepreneurship. – Zerohedge
72 percent of all businesses in the U.S. are not profitable.
Both the Fed and Census Bureau, for example, tell us that over 80% of businesses in the US are â€śnonemployerâ€ť companies, i.e. businesses which only employ one person (the owner), and often provide his/her primary source of income.
Yet according to the Federal Reserve, only 35% of these small businesses are profitable. Most are operating at a loss.
In other words, only 35% of the companies which make up 80% of American businesses are profitable.
Youâ€™re probably already doing the arithmeticâ€“ this means that a whopping 72% of all US businesses are NOT profitable. – Sovereign Man
In the end the Fed’s fake economic recovery has been nothing more than a smokescreen to allow them to pump trillions of dollars into the banks and onto Wall Street, while using the powers of deflation and inflation to siphon the wealth of the 99% into the hands of the 1%. Â And when you look at their balance sheet, which contains contracts for upwards of millions of homes in the MBS securities they purchased from the banks through Quantitative Easing, add in the amount of Treasury Debt they have accumulated by buying it off the market when foreigners were dumping them over the past few years, and then sprinkle in equities that they have been buying in the stock markets, then you would come to realize that the trade off from their nearly decade long money expansion has led to them receiving a large portion of the assets in the U.S., while at the same time dumping the inflation that has been created onto the average consumer to the point where many Americans now can’t even afford to pay for their basic needs.
Kenneth Schortgen JrÂ isÂ a writer for The Daily Economist, Secretsofthefed.com,Â Roguemoney.net, and Viral Liberty, and hostsÂ the popular youtube podcast on Mondays, Wednesdays and Fridays.Â Ken can alsoÂ be heard Wednesday afternoons giving an weekly economic report on theÂ Angel Clark radio show.