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Buckshot Survival Hour

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Four Shocking Bombshells Bernanke Did NOT Tell Congress About Last Week http://www.howestreet.com/articles/index.php?article_id=14112 FIRST and foremost, what's CAUSING the economy to sink? Put another way, the recession never really ended. Yes, we saw some growth in GDP. And yes, thanks to that growth, some companies are still reporting better earnings — the news that spurred a rally in the stock market last week. But at the core of the economy, the fires that started the recession are still burning intensely. SECOND, Bernanke failed to point how that ... The U.S. Housing Market Is Now LOCKED Into a Chronic, Long-Term Depression Housing starts — the most important measure of the housing industry — is still a disaster zone. Beginning in January 2006, they suffered their worst plunge in recorded history — from an annual rate of 2.3 million to a meager 477,000 in April 2009. Thus ... In just three years, 79 percent of America's largest industry, impacting more Americans than any other, was wiped away. THIRD, despite his now-famous quote that this is "the worst labor market since the Great Depression," Bernanke failed to reveal that ... Official Government Data GROSSLY Understates the Magnitude of Unemployment Thus, precisely when economists now recognize that one of the biggest challenges of this Great Recession is long-term unemployment ... the Obama administration, both parties in Congress, and all U.S. government agencies continue to exclude the longest term unemployed from every single one of their unemployment statistics. This could go down in history as one of the greatest deceptions about the true state of U.S. labor markets. And according to John Williams of Shadow Government Statistics, it's big: When you add these long-term discouraged workers back into the jobless count, you find that the real unemployment rate in the U.S. is actually 21.6 percent! FOURTH, Bernanke failed to point out The Biggest Government stimulus ever