Dollar Will Collapse From Washington’s ABUSE of Its ROLE as Reserve Currency: China Will Defeat US Without Arms Race

The Virtual Recovery Since mid-2009 the US has been enjoying a virtual recovery courtesy of a rigged inflation measure that understates inflation. The financial Presstitutes spoon out the government’s propaganda that prices are rising less than 2%. But anyone who purchases food, fuel, medical care or anything else knows that low inflation is no more real that Saddam Hussein’s weapons of mass destruction or Gadhafi’s alleged attacks on Libyan protesters or Iran’s nuclear weapons. Everything is a lie to serve the power-brokers. During the Clinton administration, Republican economists pushed through a change in the way the CPI is measured in order to save money by depriving Social Security retirees of their cost-of-living adjustment. Previously, the CPI measured the change in the cost of a constant standard of living. The new measure assumes that consumers adjust to price increases by lowering their standard of living by substituting lower quality, lower priced items.

US, “the second most dangerous nation after Israel,” Secretly Deployed Nuclear Missiles to OKINAWA Aimed at CHINA

In a recent speech, Chomsky examined topics largely ignored or glossed over during the presidential campaign: China, the Arab Spring, global warming, nuclear proliferation, and the military threat posed by Israel and the U.S. versus Iran. He reflects on the Cuban missile crisis, which took place 50 years ago this week and is still referred to as “the most dangerous moment in human history.” He delivered this talk last month at the University of Massachusetts in Amherst at an event sponsored by the Center for Popular Economics. Chomsky’s talk was entitled “Who Owns the World?”