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Stefan Claudiu
The Zeitgeist Movement - Orientation Guide
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How far can we go? At this rate, by 2015, the
money
supply will be about 30 trillion dollars. Now, just because
money
is being pumped into the system does not always mean economic expansion is occurring. This is a critical point. For instance, one of the hallmark indicators of economic expansion is the creation of jobs. Figure 5 below shows the US
unemployment
levels, including the SGScomponent which takes into account those non-working Americans who are not currently counted as "unemployed" simply because the period of ack
now
ledgment has ended.
fig. 5 While official government agencies reported that
unemployment
was around 7% at the end of 2008, deeper research reveals it is actually closer to 18% of the US population. More on the reasons for this reality will be addressed in the next section. (The Ultimate Outsource), but for
now
let's simply use this information to understand that the current infusion of
money
into the
money
supply is not having an effect in the current financial crisis. As noted earlier,
money
cannot be added into the economy infinitely, for the Debt and Inflation caused by the expansion will eventually overcome the "growth" benefits. This is what is
now
happening and no intervention (bailout) to "ease" this crisis is likely to work.
The SGS Alternate Unemployment Rate reflects current
unemployment
reporting methodology adjusted for SGS-estimated "discouraged workers" defined away during the Clinton Administration added to the existing BLS estimates of level U-6
unemployment
. http://www.shadowstats.com/alternate_data 28
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