Credibility is everything to me, and probably to you.
After all, if I can’t trust you, I won’t do business with you.
How does your media rate?
And by media, I am referring to the WSJ, Bloomberg, CNBC, Fox Business, Business Insider, Reuters and others.
Take for instance today’s headline from Bloomberg.
You intend to make money by investing profitably so that you can live comfortable.
Yet, what if this headline is wrong?
In their eagerness to be the first to market, they blindly quote what the government has fed them.
And because you believe them, and rely on them, you make your investments based on what they have told you is happening.
But, what if they are wrong.
What if they haven’t done their due diligence.
What if they know that the government unemployment number is nothing but propaganda and they don’t tell you that it is propaganda.
Does this make them complicit?
I think it does, and I’m assuming that because you have made money in your life, that you are sharp.
So I want you to do a little simple math.
I want you to get the population and multiply it by the labor force participation rate.
You can google it, or you can use the numbers I used in this article.
317,255,459 is the population.
63 percent is the labor force participation rate.
This will give you 199,870,939 employed people if the labor force participation rate is accurate.
Now I want you to subtract that number from the population.
This will give you 117,384,520 people that are not working for many reasons such as retired, children, etc.
All of these people are not unemployed, so we need a baseline number that we can use to subtract our average unemployed number of people.
I chose to total up 1976 to 1996 and divide it by 21 since these were good years (you can see the number in the article referenced above).
This gives us an average for a baseline of 84,016,352.
If we subtract this from the unemployed total of 117,384,520, we end up with 33,368,168 people more than average that are unemployed.
If we divide this figure into the population, we get an unemployment percentage of 11%.
If we divide this figure into the working population, we get a unemployment percentage of 17%.
Either number is way too high if your investment portfolio relies on product sales to make a profit.
After all, unemployed people cannot buy much of anything, can they?
Yet these very same media experts will tell you that there are billions of people in China and India.
I want you to think about something.
There are a little over 1 billion people in China, and they make about $5,000.00 per year on average
There are a little over 1 billion people in India, and they make about $1,860.00 per year on average.
There are nearly a billion people in America and Europe, and they make about $50,000.00 per year on average.
Do the math.
If you are not sure how to do it, perhaps this article I wrote titled “Fools Gold” will help you.
To save you time, I will post the highlights here.
We are throwing away $ 50,000,000,000,000,000.00 (this is our bird in hand)
We are chasing $ 5,000,000,000,000,000.00 plus $ 1,860,000,000,000,000.00
This is $ 6,860,000,000,000,000.00 (this is our bird in the bush)
Where is the sense in that?
Many of you will blindly continue to follow the financial media even if it is propaganda, simply because that is the easier course to take.
However, a few of you want accurate, unbiased news, and for those people, I am willing to build the analysis firm that will provide this information.
You can make donations via the links if you would like to help fund this.
And you can subscribe if you would like too.
It won’t happen as fast as I want, unless of course about 50,000 of you are willing to subscribe, but it has been building since 2007 and it will continue to keep building as we are the only ones that are showing you hard data like this and saying “horse puckey” to the financial media that basically spreads nothing but horse puckey…