So Tired of the Lies

Unemployment Rate Unexpectedly Surges As BLS Revises Payrolls For Every Month In 2023 Sharply Lower

Ahead of today’s payrolls report consensus was already ugly enough, with some of the largest banks expecting a number well below expectations (JPM was at 125K, Citi at 130K, Goldman at 149K vs median consensus of 170K). And while moments ago we got a number which was at least nominally stronger than expected, the report in general was weak enough to suggest that – as we expected – the wheels are finally coming off the US labor market (as this week’s JOLTS report strongly hinted).

With that preamble out of the way, moments ago Biden’s BLS (Bureau Of Lies and Statistics) reported that in August, the US added 187K jobs, and beating the consensus estimate of 170K…

…

But wait there’s more: while July was revised down by 30K from +187,000 to +157,000, June was revised even more, by 80,000, from +185,000 to +105,000, which means that a number that was originally reported as 209K has been reivsed 50% lower, to 105K and a collapse vs original expectations of 230K. Here, the BLS was proud to report that “with these revisions, employment in June and July combined is 110,000 lower than previously reported.”

In other words, we now wait for the August payrolls number to be revised sharply lower as well because that’s how Biden’s handlers roll.

More…

~~~~~~~~~~~~~~~~~~~

Have you heard about the two-tiered payroll system? Well, pull up a chair and let me explain it. Let’s start with the harsh reality from what used to be a respectable source:

An ‘average’ American income may no longer cut it

An average American income isn’t enough for a comfortable living in 2023, according to two recent reports. 

The typical U.S. family earns about $71,000 per year, according to the Census. Yet, the average American believes a family needs at least $85,000 in annual household income to get by, according to a recent Gallup poll.

More from The Hill

~~~~~~~~~~~~~~~~~~~

Let’s look at the average salary for US government workers:

Do you see the two-tiered payroll system coming into focus. Looking at the above salaries, how many are actually providing a necessary service? The above does not include pensions and other benefits. Or getting back pay for no work during government shutdowns. Or “under the table” kickbacks from corporate donors or Ukrainian oligarchs. Start to think of the two-tiered payroll system as workfare vs. the working class.

A large percentage of the working class figured out during COVID that a legal paycheck was not worth paying taxes, daycare, gas or the rest of expenses related to work. They could stay home and collect government subsidies. In most cases, they made more than working. Those who made less than working were still happy to play video games and drink beer than having to work.

This paradigm transformed the entire working relationship between employers and employees. Employees told their employers that they were doing them a favor by showing up for work. Employers were at a disadvantage as the government sponsored labor shortage made the American work ethic evaporate. Employers had only bad choices: capitulate to employee demands, accept inferior service and production, reduce their operations or close down.

Median household income in the United States from 1990 to 2021(in 2021 U.S. dollars)

More…

~~~~~~~~~~~~~~~~~~~

Let’s consider inflation using the above chart’s base of $30,636 in 1990 for 2021:

Let’s consider inflation using the above chart’s base of $30,636 in 1990 for 2023:

If we believe that the government is not manipulating the facts, we have inflation of 12.8% over the past two years. Consider the impact on your savings for the future: 12.8% less due to inflation. We all know that true inflation is much higher.

But these exercises only apply to the lower tiered payroll. Who represents the upper tiered payroll recipients? Government, big business, social media and the undeclared working class. These looters are benefiting from inflation, the two-tiered justice system and illegal “benefits”. Who is the undeclared working class? Illegal aliens and people who think they went Galt. I am not judging those people who work under the table and do not pay taxes. They are the end result of the government’s malfaisance. I will judge them for overcharging their community for services without paying taxes. Going Galt does not mean looting from the looters (or working people). It means withdrawing your consent to support a system doomed to fail on the backs of the working class.

I went Galt and render unto Caesar his tribute which is minimal now in my case. I minimize the amount of goods and services that I use and do more myself or do without. It is amazing how much money can be saved by prioritizing your wants and needs in a Biblical sense. It is also amazing how money can be put into it proper perspective once its love is lost.

I am tired of the government lies and its consequences causing the demise of our culture’s honor and morality. As inflation increases the gap between the two payroll systems, our work ethic and quality will continue to deteriorate. My investment in tools, training and education are paying big dividends. My personal assessment of the value of a fiat dollar or a stock portfolio have also benefited me. I pray that other people also receive this discernment.

Many prognosticators are predicating the breakout of WWIII or the overdue economic collapse within the next two months. Whether I agree or disagree is moot since I have no impact on the future dictated by an lying, evil government. I hope that people have already recognized the lies and have minimized the impact of de-dollarization and a two-tiered payroll system designed to favor the elites and other associated looters.

David DeGerolamo