ECONOMICS

Last month we though that the January jobs report was the "most ridiculous in recent history" but, boy, were we wrong because this morning the Biden department of goalseeked propaganda (aka BLS) published the February jobs report, and holy crap was that something else. Even Goebbels would blush. 

What happened? Let's take a closer look.

On the surface, it was (almost) another blockbuster jobs report, certainly one which nobody expected, or rather just one bank out (more…)

By Adam Andrzejewski of OpenTheBooks.com

Topline

 $175,300,000,000,000 is the most important financial number in the world.

The new Financial Report of the United States Government (February 2024) estimates that the financial position of Social Security and Medicare are under funded by that much. Treasury Secretary Janet Yellin signed the report.

The amount is unfathomable. Here are two examples for context: 

• The gross domestic product of every country on (more…)

The Biden administration and its fawning PR industry, also known as the mainstream media, have over the past year been desperate to explain to ordinary deplorables Americans why the US economy is ackchyually doing "so much better" than most peasants give the 81-year-old's handlers credit for (see "The Economy Is Great. Why Do Americans Blame Biden", "Voters Are More Upbeat on Economy, but Biden Gets Little Benefit, WSJ Poll Shows", "Is Biden Going Down (more…)