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In the USA, a (somewhat) free country where open debate and some level of government transparency is maintained, the "official" government numbers are 10% unemp
by patrickgzill 17y ago
In the USA, a (somewhat) free country where open debate and some level of government transparency is maintained, the "official" government numbers are 10% unemployment.
Actual unemployment is closer to 22% (according to shadowstats.com, using the pre-Clinton Administration formula).
Aside from this article referencing their own "Economist Intelligence Unit" - how do we know the numbers are not similarly fudged by the Chinese government? Are there not billions of dollars of loans marked as "good" on state-run banks that are in fact, never going to be repaid?