Member countries of Latin America’s alternative integration bloc, the Bolivarian Alliance for the Peoples of Our America (ALBA), met in the Venezuelan capital of Caracas last weekend in order to discuss the advancement of the…
Tag: economy
The British government will face huge financial problems if the military resolve to launch a military campaign on the same scale as the operation in Libya, the House of Commons’ defense committee says. In 2011…
Not all bad economic policies kill people slowly, some do so very quickly. One such policy was the lifting of subsidies on fuel and other essentials in Yemen in 2005. Immediately after a presidential decision…
What would happen if the Federal Reserve was shut down permanently? That is a question that CNBC asked recently, but unfortunately most Americans don’t really think about the Fed much. Most Americans are content with believing…
The most recent unemployment number is a total lie, and that lie was repeated all over the mainstream media (MSM). Two sins were committed here, and I don’t know which one is worse. The report…
If you have any money and you want to understand the lies that “your” government tells you with statistics, subscribe to John Williamsshadowstats.com. John Williams is the best and utterly truthful statistician that we the…
Remember when the US hiked its debt ceiling on Friday courtesy of a formulaic 52 affirmative votes in the Senate, giving the Treasury $1.2 trillion in dry debt powder to attempt to grow the economy one…
Last Friday (January 27) the US Bureau of Economic Analysis announced its advance estimate that in the last quarter of 2011 the economy grew at an annual rate of 2.8% in real inflation-adjusted terms, an increase from the annual rate of growth in the third quarter. Good news, right? Wrong. If you want to know what is really happening, you must turn to John Williams at www.shadowstats.com. What the presstitute media did not tell us is that almost the entire gain In GDP growth was due to “involuntary inventory build-up,” that is, more goods were produced than were sold. Net of the unsold goods, the annualized real growth rate was eight-tenths of one percent.
And even that tiny growth rate is an exaggeration, because it is deflated with a measure of inflation that understates inflation. The US government’s measure of inflation no longer measures a constant standard of living. Instead, the government’s inflation measure relies on substitution of cheaper goods for those that rise in price. In other words, the government holds the measure of inflation down by measuring a declining standard of living. This permits our rulers to divert cost-of-living-adjustments that should be paid to Social Security recipients to wars of aggression, police state, and banker bailouts.
The Control over the oil-rich regions of the Middle East and North Africa is strategically very important for the US and its Western allies. To expand their domination over the oil-rich regions, the US and…
Contrary to everything we have been taught, there is no actual United States of America. The U.S. is an occupied territory that could more accurately be described as the Corporate States of America. If the…