Prepper Econ Podcast- Economics Update
Today is our first edition of The Prepper Econ Podcast. It is an economic update that we hope to bring you every month. Josh Collier from BeatTheEnd.Com is back today to talk with us about all things economic. Even if economics bore you to tears, this show is for you. We bring you a condensed version of the big stories from the month. The financial state of our country is perhaps the biggest threat to our way of life. If you want to be truly prepared, you have to know what is going on in the economy.
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On today’s show, we go over the sugar coated unemployment numbers issued by the BLS. We added 165,000 jobs in April which brought the U3 unemployment number down to 7.5% from 7.6%. The news sent the Dow to a new intra-day high over 15,000. It closed just below that level on Friday.
So everything is peaches and cream, happy days are here again. You can sell your bunker and move back into your overpriced McMansion. Let’s look a little closer first. The government doesn’t include people who have completely given up looking for work nor the people who are working part time because they can’t find a full time job. 9.5 million people have given up and dropped out of the work force since Obama took office. The government number that includes those folks is U6.U6, the real unemployment number is 13.9%. John Williams at Shadowstats.com keeps independent economic data and estimates unemployment to be closer to 23%.
Josh and I discuss the Federal Reserve’s announcement that they will continue QE 3 which is currently creating $1.02 trillion in new money every year. Kansas Federal Reserv’s head, Esther George warned the rest of the FOMC members that the inflationary results of this policy will be catastrophic. I am sure they are all well schooled enough to know that already, but they hope to kick the can down the road far enough that it won’t blow up on their watch.
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If you would like to learn more about prepping, check out the Prepper Recon 7 Step Survival Plan. It will help you be better prepared for everything from a hurricane to the end of the world as we know it.
Happy Prepping!
