1 Million Jobs Erased, Why the “Fake Data” Will Destroy Your Money

“The only path forward involves printing money,” says Graham Summers, President and CEO of Phoenix Capital Research. In today’s interview with Daniela Cambone, Summers argues that yield curve control and currency devaluation are inevitable. Under such environment, gold is breaking out against every major currency, signaling that a monetary reset is coming. He also points to central banks’ aggressive gold hoarding as an indicator: “You have to look at what they’re doing, not what they’re saying.” On the equity market, Summers warns that we’re in a melt-up, but it won’t last. “You could see the S&P 500 go to 7,000 or 7,500 — but at the end of the day, all of these policies are highly inflationary.”
The Bureau of Labor Statistics just admitted it fabricated nearly 1 million jobs. This is the largest downward revision in history—and it confirms what many suspected all along: the economy is being propped up by fake data. Yet trillions of dollars are invested based on these numbers, leaving unsuspecting Americans exposed. Meanwhile, gold is breaking out against every major currency, signaling where real value is moving.
This isn’t a glitch. It’s a warning that the financial system is built on sand—and the cracks are spreading.
BLS Jobs Data Exposed as Fiction
The BLS quietly revised down job creation by 945,000 positions, effectively erasing the supposed “growth” of the past year.
- Investors allocate trillions based on these manipulated reports.
- Every month, prior job numbers are revised—often drastically.
- By the time reality emerges, portfolios are already misallocated.
This is not just statistical error—it’s systemic deception. Your money is being destroyed by fake data.
The Market Melt-Up: A Dangerous Replay of the 1970s
Stocks are inflating to bubble territory while the Fed prepares to ease into a rising inflationary wave. Graham Summers warns:
- The S&P 500 could spike to 7,500 before imploding.
- Inflation hasn’t been tamed—it’s been disguised by gimmicked CPI reporting.
- Once costs surge, profits collapse, and the bubble bursts.
This is a rerun of the 1970s stagflation, when gold soared nearly 1,000% as central banks lost control.
Gold Breakout Against Every Currency
While the media dismisses gold as “too expensive,” the truth is undeniable: currencies are being devalued, not gold overvalued.
- Gold has broken out against the dollar, euro, yen, and franc.
- Central banks bought over 4,000 tons of gold since 2023.
- For the first time since the 1990s, central banks hold more gold than Treasuries.
The world’s most powerful institutions are quietly abandoning fiat promises in favor of tangible assets.
The Coming Reset: Fake Data Meets Real Money
A Russian advisor recently claimed Washington may reset the global system by manipulating crypto and gold markets. Far-fetched? Consider this:
- Stablecoin regulations are being used to create artificial demand for U.S. Treasuries.
- Central bankers are de-dollarizing, building reserves in gold.
- Every historical debt crisis ends in inflation, default, or reset.
We are only in the opening stages of a currency devaluation cycle.
Why Gold and Silver Are Your Lifeline
When governments lie with statistics, your wealth is at risk. Gold and silver remain the ultimate defense:
- Wealth preservation: Metals maintain purchasing power across crises.
- Inflation hedge: Gold vs. dollar isn’t a contest—the dollar always loses.
- Tangible assets: No counterparty risk, no revisions, no gimmicks.
Gold and silver stand outside the system—exactly where your safety should be.
Conclusion
The BLS’s fake jobs data is not just statistical error—it’s a symptom of systemic decay. Markets built on lies cannot stand. Gold is already signaling the truth: a reset is coming.
The only question: will you protect your savings before the collapse, or after?
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