Eric King:  “We just had the employment report come out, Dr. Roberts, your thoughts there?”

Dr. Roberts:  “Well, it’s not believable, Eric.  They claim 185,000 new private service jobs.  They are showing jobs in retail trade.  Of course the statistics show that retail sales are falling, so why are they having more employment?

They show a tremendous number of jobs in professional and business services, 73,000 (new jobs).  This is not believable either.  They also have 38,000 jobs in waitresses and bartenders.  Now, for an economy that’s not going anywhere, you won’t have people hiring in retail trade and general merchandise stores where a lot of that employment is alleged to be.

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“When people are hard pressed you won’t see the demand for waiters and bartenders going up.  Most restaurants are having difficulties because of the lack of growth in consumer income.  The 73,000 jobs in professional and business services is completely unbelievable because there is no economic activity that would support that.

So I think they (central planners) are desperate now, and they are trying to hide the fact that there is not an economy.  I’m sure that the professionals at the Bureau of Labor and Statistics are not happy about this.  But I would imagine they have a lot of political pressure on them from the political appointees to produce (phony) jobs (in their report).

It may be that they are producing the jobs that lets knowledgeable people see though them (laughter ensues).  You see, instead of just dispersing a few thousand jobs along all of the categories, which would be hard for most people to see any real problem, they have lumped them (the so-called new jobs) in the most improbable places.

It could be that this is the way the professional staff (at the Bureau of Labor and Statistics is putting out the message that this is a fake report they have been forced to provide.  That’s just speculation, but it makes more sense than the report itself.”

Eric King:  “When you see that kind of reporting going on and you know it’s patently false, what are your thoughts?”

Dr. Roberts:  “My thoughts are they are desperate, and they are trying to continue this image of an economic recovery that was declared to have happened in June of 2009.  But of course we’ve not seen any recovery.

So I think it’s part of the hype that everything is fine and we are moving ahead.  It’s just part of the deception.  The country is increasingly deceived by disinformation.  That’s what is going on ... There are millions fewer in the labor force today than there were many years ago.  It’s not believable, but the (mainstream) financial press will go along.”

IMPORTANT - Part II of Dr. Paul Craig Roberts remarkable written interview series will be released within hours.  Roberts discusses the gold and silver markets, the collapsing financial and banking systems, the increasingly desperate situation the West faces going forward and much more. 

This write-up is only a small portion of what Dr. Roberts had to say in his extraordinary audio interview.  The KWN audio interview with Dr. Paul Craig Roberts is available now and you can listen to it by CLICKING HERE. 

© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

The audio interviews with Dr. Paul Craig Roberts, Jean-Marie Eveillard, Dr. Stephen Leeb, Bill Fleckenstein, Eric Sprott, Egon von Greyerz, Gerald Celente, Andrew Maguire and Nigel Farage are available now.  Also, be sure to hear the other recent KWN interviews which include Art Cashin, Marc Faber and Felix Zulauf by CLICKING HERE.

Eric King

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