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“There are three types of lies -- lies, damn lies, and statistics.” ― Benjamin Disraeli One of the main components of stagflate and tax and lie is governments lying about and changing economic data. Since the pandemic began initial jobless claims have jumped by more than 58 million. So it was predictable that the Bureau of Labor Statistics (BLS) and the US Department of Labor would want to change the jobless claims formula. U.S. Labor Department changes jobless claims data methodology after economic shock https://www.reuters.com/article/us-usa-economy-employment-idUSKBN25N2R2 Wolf Richter of Wolfstreet.com breaks down the jobless claims formula change: Unemployment-Data Chaos: Labor Dept. Admits “Seasonal Adjustments” Went Haywire During Pandemic (why I stopped using them in May): Week 23 of U.S. Labor Market Collapse https://wolfstreet.com/2020/08/27/unemployment-data-chaos-labor-dept-admits-seasonal-adjustments-went-haywire-during-pandemic-why-i-stopped-using-them-in-may-week-23-of-u-s-labor-market-collapse/ John Williams of Shadow Stats http://www.shadowstats.com/ still has real US unemployment at 30% although it is down from over 35% at the height of the pandemic in New York City. http://www.shadowstats.com/alternate_data/unemployment-charts More Articles About Last Weeks's Jobless Claims Report: 1) 'No Obvious End In Sight': Experts React To Another 1 Million Weekly Jobless Claims https://finance.yahoo.com/news/no-obvious-end-sight-experts-141505166.html 2) Another million applied for jobless benefits as coronavirus pandemic’s economic toll rises https://www.cnbc.com/2020/08/27/weekly-jobless-claims.html 3) Jobless claims: Another 1.006 million Americans filed new unemployment claims last week https://finance.yahoo.com/news/jobless-claims-coronavirus-unemployment-week-ended-august-22-2020-181644541.html Funny Quotes on Statistics: 1) Statistics Quotes https://www.goodreads.com/quotes/tag/statistics 2) Quotations about Statistics https://www.quotegarden.com/statistics.html 3) Selected Quotes From How To Lie With Statistics https://www.inspiringalley.com/how-to-lie-with-statistics-quotes/ Beggar-Thy-Neighbor https://www.investopedia.com/terms/b/beggarthyneighbor.asp Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 86 5 star iTunes reviews and we need to get to our goal of over 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website or through Paypal. Send one time donations to our Paypal to the email address: [email protected] Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**