U.S. unemployment will rise to Great Depression levels.

Real unemployment in the U.S. today, once you account for everybody who has given up looking for work as well as everybody who is underemployed, is already about 22%. National Inflation Association (NIA) believes it is more likely that in 4 to 5 years from now, U.S. unemployment will rise to Great Depression levels. Bernanke’s policy of printing money and creating inflation will not create jobs because the money the Fed creates is going to fund non-productive and wasteful U.S. government spending. The only jobs being created are artificial government jobs.

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