US created 151,000 jobs in August vs. 180,000 jobs expected … August traditionally has been a difficult month for jobs numbers, and 2016 proved no exception, likely putting the Federal Reserve on hold for a rate hike anytime soon. – CNBC
What a mess. The latest jobs report shows lowered growth. That doesn’t matter of course. The government will revise the numbers upward.
And the Federal Reserve will do its part, ultimately, by continuing to print money at a rapid clip, even if it does manage to raise rates a quarter point. Surely that’s won’t happen before the presidential elections, will it?
And ultimately, none of it matters.
Fed monetary debasement cannot create a profitable economy. And lying about the economy doesn’t make it any healthier.
What can you do at this critical juncture? Prepare yourself as best you can for significant upcoming economic challenges. And maybe a