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Peak Prosperity

When Political Narratives Become Economic Quicksand

Peak Prosperity

Chris Martenson

Investing, Business, Government

4.7591 Ratings

🗓️ 12 September 2025

⏱️ 73 minutes

🧾️ Download transcript

Summary

Wow! The BLS had to revise away a a huge number of jobs, sparking conjecture that they were politically motivated numbers, not an honest but whopping-big mistake. Are we in a recession already?

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Transcript

Click on a timestamp to play from that location

0:00.0

Nothing in this program should be considered investment advice.

0:03.2

It is for educational purposes only.

0:05.3

Please hit pause and read this disclaimer in full.

0:11.5

Most of Wall Street right now paints a fairy tale picture for everybody,

0:15.7

and everybody wants a fairy tale outcome, but that's not what history teaches us.

0:20.5

You have to be resilient

0:22.0

across a full cycle. It's easy to make money. It's hard to keep it. The following is the audio

0:29.6

version of a video released at peak prosperity.com. Visit peak prosperity.com to watch the video

0:36.5

and to find other insightful content such as articles,

0:39.8

discussion forums, and exclusive subscriber-only content.

0:51.3

Hello, everyone, and welcome to this next episode of Finance You, where we decode what's happening in the financial world so you can understand it, maybe take some actions.

1:00.0

Back again with Paul Kiker of Kiker Wealth Management.

1:02.7

Paul, good to see you.

1:04.1

Good to see you as well, Chris.

1:06.0

Well, we're going to jump right in today because, wow, there's so much news to cover.

1:13.4

You saw the jobs revisions, paul oh yeah yeah somehow magically uh when they revised the job numbers 911000 jobs stripped away

1:24.1

in the year that ended in march so march to march 24 to 25 a lot of those jobs are stripped out in the year that ended in March, so March to March, 24 to 25.

1:29.3

A lot of those jobs are stripped out in the Biden era.

1:32.3

Here's how the Wall Street Journal put it.

1:34.3

They said, well, pace of job growth was significantly weaker than reported you don't say.

1:41.3

Good use of passive language on that one. The U. one the US added 911,000 fewer jobs over the 12 months it ended in March

1:50.0

the BLS said trimming by a bit more than half the 1001.79 million jobs the official data now show and if that, it would bring the average pace of seasonally

...

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