Ken Williams: “Poverty Wage Jobs Are An Economic Dead-End” – Gold Goliath

Posted on :Mar 13, 2014

According to the Labor Department jobless claims fell by 9000 to 315,000 in the period of March 2 to March 8.

Grasping at anything other than the truth, government economist will continue to convince us that if winter wasn’t so bad, our economy would be doing just fine.

This uptick is being heralded as a told you so miracle. We always new jobs would come back sometime.

We want to offer some real numbers that will give credible insight into exactly what is taking place in the miracle recovery.

*According to the BLS, 11.46 million people were unemployed in the average month of 2013. Actual numbers are closer to 18 million.

*Median U.S. household income has fallen for 5 continuous years.

*The U.S. economy lost 2.87 million jobs in January alone according to the unadjusted numbers.

*70 percent of all Americans not in the labor force are below the age of 55.

*Over 70% of the jobs being added in the U.S. continue to be low-wage, part-time jobs; poverty level.

*There is approximately 1 billion square feet of retail space sitting vacant in the U.S.

*Recent mortgage applications have fallen to levels not seen in almost 20 years.

*In 2008, 53 percent of Americans considered themselves to be middle class. Today, the number is 44.

*Only 28 percent of Americans believe the country is heading in the right direction.

*The Fed continues to create the largest debt and stock market bubbles in history.

*Inflation continues to destroy the U.S dollar.

*Washington continues to prance around the globe starting and funding wars that are financed by continual debt.

The U.S continues its drunken binge of debt and cherry picking numbers won’t change our course. What we are witnessing is the intentional destruction of the U.S. working class by the Federal Reserve and its puppet politicians.

Gold Goliath is not your typical gold dealer.

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