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The hard figures released by the Labor Department last Friday, may look cold and impersonal. And Wall Street may be able to thumb its noses at it for a day or two.
But the half-million-plus stories of frustration, pain and even panic that they conceal couldn’t be more important:
- In January, U.S. companies told nearly 600,000 people to pack up and go home.
- A mind-numbing 626,000 filled out initial applications for unemployment benefits — a 26-year high.
- The official unemployment rate has now exploded to 7.6%, the worst in more than 16 years.
- Nearly 11.3 million American workers have lost their paychecks.
- And these are just the most narrowly defined, official numbers. They exclude millions of jobless Americans who have given up looking for work or are employed only part time. Moreover, they’ve been candy-coated to portray the employment picture in the most favorable possible light.
Many experts — such as economist John Williams of Shadowstats.com — say the real unemployment rate is twice as bad, between 14% and 15%.
But These Are Just the Numbers. Don’t
Forget the Human Face Behind Them!
For every one of those unemployed workers, this crisis is intensely personal: Disappointment, humiliation, dependence; the death of dreams and the birth of new nightmares.
Worse, now, there’s a real question as to whether or not state governments will be there for the unemployed.
So many people have filed for unemployment benefits that seven states have already emptied their unemployment-insurance trust funds and another 11 states could run out of money for benefits by year’s end.
In South Carolina, for instance, the state boasted more than $600 million in its unemployment trust fund a decade ago. Today with official unemployment at 20% in some counties, the fund has gone broke.
Other states are facing even larger financial challenges.
A Big Impact on Your Investments
Unemployment in America is the single most reliable indicator of the economy; and the economy is the single largest driver of investment performance.
So in addition to the obvious consequences for America’s workers, the impact of surging unemployment on your stocks, bonds, dividends and interest is undeniable.
That’s why, for the past several weeks, we have urged you to consider a special strategy designed to keep income and profit opportunities flowing to you no matter how much worse this crisis becomes or how much longer it lasts — a strategy we give you in a cutting-edge educational system we call “Your Personal Money Machine.”
We offered you a $503 discount in order to give you every reason to pre-order this package before its release date last week. But for whatever reason, you weren’t able to take advantage of those savings.
But please don’t let that discourage you. Your Personal Money Machine is still available. You still have time to use it to go for added income and profits in the weeks and months ahead.
And if you miss this chance, I think you could regret it. Here’s why:
First, because of the urgency of this crisis: As you’ve just seen, millions of Americans from all walks of life are already losing their paychecks. Plus, millions more are experiencing major cuts in dividends or interest income. And virtually all investors are suffering losses in home values, stocks and bonds.
We painstakingly designed Your Personal Money Machine to give you an unending stream of income and profit opportunities no matter how severe this crisis becomes or how long it lasts.
Second, the vehicle, currencies: The currency market always provides a bull market, always lets you in with tiny minimum investments, and is readily available without opening any new accounts.
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Fourth, our novel solution: Not a newsletter or a trading service … but rather, a complete package that gives you the skills, the support and the follow-up assistance you need to begin going for substantial income and profits right away.
Fifth, it’s a tremendous value: At just $2,500, Your Personal Money Machine could easily pay for itself many times over the first time you use it — and bring you tremendous amounts of money and peace of mind for the rest of your life.
Sixth, our guarantee: You have 30 days to judge our package for yourself. You must be thrilled with the skills, knowledge, confidence and profit opportunities it gives you, or it costs you NOTHING.
To order now, just click this secure link.
Or, if you’d like more information before ordering, you’ll find it here.
Best wishes,
Martin
About Your Personal Money Machine
For more details, see our terms and conditions at http://legacy.weissinc.com/tc/
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Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Tony Sagami, Nilus Mattive, Sean Brodrick, Larry Edelson, Michael Larson and Jack Crooks. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include Kristen Adams, Andrea Baumwald, John Burke, Amber Dakar, Michelle Johncke, Dinesh Kalera, Red Morgan, Maryellen Murphy, Jennifer Newman-Amos, Adam Shafer, Julie Trudeau and Leslie Underwood.
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