from The Burning Platform:
They reap ill-gotten riches, wield unchecked power, and control the minds of the masses. They are the invisible government consciously manipulating the minds, habits and opinions of the multitudes in order to dominate society, control the levers of government, and accumulate obscene levels of wealth through manipulation of the currency and domination of the banking and corporate interests.
One of the false narratives being flogged by the establishment propaganda peddlers is the mass retirement of Baby Boomers causing the plunge in the employment to population rate from 64.4% in 2000 to 59.7% today. They need to peddle this drivel, because the difference between these two rates amounts to 12 million missing jobs. The employment to population ratio is currently at 1984 levels. Any critical thinking person with basic math skills realizes the government reported unemployment rate of 5% is an Orwellian farce.
Over 40% of working age Americans aren’t working, amounting to 102 million people, and the establishment touts the ludicrous lie of a 5% unemployment rate. With only 123 million Americans employed full-time and virtually all the job “growth” since 2009 in non-producing low paying service jobs in the retail, restaurant, hospitality and healthcare industries, wages and household income remain stagnant. The 12 million shortfall in jobs isn’t due to Boomers retiring, as this chart proves beyond a shadow of a doubt. Only an Ivy League educated economist or CNBC talking head could pretend to be confused.
We know for a fact 10,000 Americans have been turning 65 years old every day for the last few years and will for the next fifteen years. When the employment to population ratio peaked in 2000 at 64.4%, the ratio for senior citizens was only 12%. It had remained between 10% and 12% for over two decades. There were 35 million Americans over 65 years old in 2000, and 31 million of the them were not employed. They made up a large portion (44%) of the 70 million people not in the labor force.
Today there are 48 million Americans over 65 years old, and 39 million of them are not employed. The establishment narrative is blown to smithereens by the FACT they now only account for 41% of the 94 million people not in the labor force. There are only 14 million more employed Americans today than in the year 2000, while there are 5 million more employed Americans over the age of 65. They have accounted for 36% of all the jobs created in the last 16 years. The percentage of senior citizens working is at an all-time high of 18.9% and rising.
The narrative of retiring Baby Boomers being the cause for the plunging participation rate is entirely false. The data is not hidden. It’s easily accessible. Any CNBC pundit, Wall Street Journal reporter, or Ivy League MBA Wall Street analyst with even a smattering of math skills could discern the truth. Based on the fact they continue to flog false narratives, makes you believe their job and intent is to obscure the truth, obfuscate the facts, and paint a rosy picture for their establishment bosses. There are almost 4 million less Americans aged 16 to 55 employed today than there were in 2007. Does that happen in an economic recovery?
Since 2007 the working age population has grown by 21 million, while the number of employed Americans is only 4.6 million higher. Those over 55 years old account for 174% of the employment gain since 2007. Does that sound like a mass boomer retirement story? The best part is the government perpetuating the Big Lie by saying the unemployment rate today is essentially the same as in 2007 at around 5%. You just pretend 15.3 million able bodied working age Americans left the labor force of their own free will and do not want a job. You then create a narrative of Boomer retirement which is beaten like a dead horse by the captured corporate MSM until the ignorant masses believe it.
There is a reason senior citizens are working until they keel over while greeting the creatures of Wal-Mart. The economy has not recovered for the average working jamoke. The Federal Reserve has crushed the finances of senior citizens since 2000. Their reckless monetary policies created two massive bubbles, destroying the net worth of millions of older Americans. Their “Save a Wall Street Banker” solutions to the worldwide financial crisis they created have gutted the savings of seniors. Seniors now have to decide whether to pay the rent or pay for their heart medicine, thanks to those heroes of the status quo – Ben and Janet.
The relentless inflation in food, rent and healthcare created by the Fed and getting 0% on their savings has left millions of seniors destitute and desperate. They aren’t working because they’re bored. They aren’t lugging bags of cow manure in the garden center at Lowes because they love being close to nature. They are working during their retirement years because they don’t like the taste of Fancy Feast. Despite the happy talk by politicians like Obama about the economic recovery, real people living in the real world are living through a Depression.
Read More @ TheBurningPlatform.com
from SGTreport - The Corporate Propaganda Antidote - Silver, Gold, Truth, Liberty, & Freedom http://ift.tt/25r34JR
