Peter Schiff Wrong About the Economy, Housing Market, Trump Outright Lies

 Housing Market is not dead because of rates, it's because the 2008 Housing Bubble never recovered, since we are in an outright depression since then.  Real unemployment is over 20%. The peak unemployment in the 1929 Great Depression was 25% in 1933.  In 1934 that level dropped from its peak to 21.7%.  There were approximately 4.5 years of unemployment above 20% in the Great Depression.  After 1935, the unemployment dropped below 20%.

Using the old way to calculate unemployment---the same as in the Great depression, our unemployment as of October 2018, it is 21.2%.  You can look this up at ShadowStats.com under Real Unemployment data.

The unemployment since the 2008 housing crisis, has been over 20% nearly 10 years, which makes this new depression worse than the old one.. The reason you don't see the food lines is because of EBT credit cards for food and other modern measure, but people cannot live on the low wages that they get or live without some form of government assistance..

It doesn't help the matter when Donald Trump tells us the unemployment is under 5% and at record lows.. He has even stated in 2015 that the unemployment figures are fake and using his own method unemployment if over 40%. Since getting in power, he now uses the official statistics.

Instead, Trump and his followers will have you believe, that he fixed the economy.  Obama also went along with the economic falsity of low unemployment and they both have  fixed the economy.  Even though unemployment and low wages are clearly an issue for most Americans, who can't keep up with the cost of living.

---------------------- By Neal Vanderstelt Forex Trader, Market Analyst, Trading System Designer Please rate, recommend, and comment below:

2018... The US is in a Prolonged Depression, that Started in 2008. Trump is a liar. Unemployment is soaring!

Why are we in a global depression? It is caused by the United States, because the US is the global reserve currency and that's how it works.. We are the international banker.
But Trump says: we have the lowest unemployment, since 1973? Then why are we in a depression, you may shockingly think?

Well if you pay attention to the real unemployment, which includes people that have given up looking---the real unemployment is approximately 21%.  That alone makes this a depression, along with other factors.. We are at greater prolonged unemployment levels than the 1929 Great Depression.. It all started when Bill Clinton changed the economic statistics in 1994, to apparently prepare for this day, for the markets he crashed in 2008 by his policies of deregulated housing and banks.. All in the name to help the poor---who apparently still support the Clinton's. But the Republicans did not call them on this... When it comes to big money they are the same family. They lie together on certain issues to keep them in the club. 

Obama and Trump maintained the lie about Clinton's new unemployment calculations.  Neither one have questioned the accuracy of post 2008 / post 1994 unemployment statistics and why should they? It makes them look good. You see when you compare historical data you have to use the same methods.. Otherwise you cannot claim that your unemployment is a record low, or gauge the past economy to present, and claim miraculous recovery. When you change economic statistics, it's not longer economics, it's just an outright sham. 

The peak unemployment level of The Great Depression equaled 25%. It was the peak in 1933. Using the same calculations as they did back then, we are currently at 21%.. Remember 25% was peak in 29'-39', but it didn't stay at 25% for very long.. In the following year of 1934, unemployment dropped to 21.7% during The Great Depression. We are currently at 21.2%, calculating unemployment the same way as they did back then. We have been over 20% since 2008.. The peak unemployment rate for this crisis using the traditional unemployment methods is 23% which occurred in 2015.  That's over 10 years of depression, with a peak unemployment only 2% different than The Great Depression. It is basically the same as the historic depression, but we have more electronic coverup.. People don't take to the streets like back then and you don't see soup lines with EBT cards. Most who work at Walmart are in the digital soup line.  There are many articles on the internet about how the government subsidizes companies like Walmart who underpay their employees..

Also, there's underemployment, people who don't get enough hours to make the ends meet or not enough pay, and people having to have more than one job to keep up with the cost of living and high rents.. Then factor in the average savings rate and the fact that the housing market is still hurting.  Which is another subject altogether, because there is a rental crisis of people who cannot aford their rent or to own a house. You can safely say that there was no recovery and yes this is a depression with a record number of people in prison, which in my opinion, is do to poverty and corruption..

Trump is a liar. There's no doubt about that---He is part of a corrupt global elite family---- See 'The 3 Stooges' together making a mockery of America and the world:

Attributions:
Shadowstats---Real Unemployment Figures
Unemployment---During The Great Depression
Walmart Employees, Many Qualify For Food Stamps
USA Gulag Prison System, Most Prisoners In The World
The US Could Be The Most Corrupt Country
As Of 2016, The Top 1% Have More Wealth Than 99%


---------------------- By Neal Vanderstelt Forex Trader, Market Analyst, Trading System Designer Please rate, recommend, and comment below: