The US unemployment conundrum

Posted | 11/02/2014 / Views | 2461
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Gold and silver prices rallied after the disappointing US jobs numbers again on Friday night.  Alarmingly too the unemployment rate dropped regardless because of even more people having “given up” and left the workforce for good (exacerbated by 1.3m no longer receiving unemployment benefits as of December….hello foodstamps).  The only way to get these people back into the workforce is to raise wages, which will raise inflation and hence interest rates and hence an extremely large cost on their enormous amount of debt and the lurking threat of hyperinflation after years of money printing.