Americans Bled Out

USA Today reports that unemployment is rising in most metropolitan areas even as the government reports that unemployment in February declined to 8.9%. Other non-government organizations report the same tendency. Who do you believe?

Food stamp usage continues to rise which suggests that government unemployment numbers are under reported. This suggests that unemployment remains high and many of those who find work aren't working full time or are making considerably less than they were before. The economy is stalled in Depression.

The government unemployment numbers are similar to government inflation data that shows little or no increase. The CPI suggests annual inflation is 2.4% while CCPI rate is 6%. Any trip to the gas station or grocery store confirms the higher inflation rate. The US government consistently lies to the public.

Making matters worse, the Federal Reserve's QE3 money printing is making your money worth less. The dollar has lost 11% of it's value under QE2. That makes the stock market gains in 2011 a loss even before the Japan crisis of last week. Americans are being bled out.

So after 4 years of Depression the economy is stalled, the US is in a terminal state of debt and the government is lying about everything. There is a crisis of faith and trust in the US. Only some restoration of these pillars will begin a restoration of the economy. I don't see that happening.