When looking at the health of an economic system it is impossible to gauge growth or stability by only taking two or three indicators into account. The problem is, this is exactly what central banks and governments tend to do. In fact, governments and central banks wildly and deliberately promote certain indicators as the signals everyone should care about while ignoring a whole host of other fundamentals that do not fit their “recovery” narrative. When these few chosen indicators don’t read well either, they rig the numbers in their favor.
The most promoted and and by extension most rigged indicators include GDP, unemployment, and inflation. I would include stock markets to a point in this list, but as I’ve always said, stocks are a trailing indicator and never tell us accurately when an economic crash is taking place. If anything, stocks are and always have been a placebo for the masses, a psychological crutch meant to lull them to sleep while the crash begins. Other than that, they have no value in determining the health of the system. As a lagging indicator, we will cover stocks at the end of this analysis.
GDP rigging is mostly a government affair, as much of how GDP is calculated today includes government spending. So, even though the government has to steal your money through taxation in order to then spend money, government spending is still counted as “production”. This includes programs like Obamacare, which despite assumptions among some conservatives, continues to operate today. “Official” establishment estimates of government spending as a percentage of GDP stand at around 20%. More accurate estimates accounting for ALL expenditures show that US government spending accounts for around 35% of GDP. This is an enormous fraud.
Most of my regular readers know full well how unemployment numbers are rigged to show recovery, but to summarize, around 95 million working age Americans who are unemployed are not counted as unemployed by the Bureau of Labor Statistics because they have been jobless for long enough to be removed from welfare benefits roles. Now, to be clear, the BLS does keep track of this statistic, but, they DO NOT treat it as a measure of unemployment when reporting their stats to the public.
To clarify, 102 million WORKING AGE people (counted and not counted as unemployed) are jobless in the US. This is almost 50% of the total 206 million working age people in the country. Yet, the BLS reports the unemployment rate at an astonishing 4%. Recovery indeed…
Inflation rigging is a bit more complicated, but the primary method has been for the government and the Fed to simply change their methods of calculation over the past 4 decades, and to exclude inflation in certain goods like food and energy from the numbers. If you want to see real inflation numbers calculated the way they should be, visit John Williams over at Shadowstats.
Another issue that we must take into account is the Federal Reserve’s role as a creator of financial bubbles, and the destroyer of financial bubbles. The Fed can and does act with impunity to influence the system, but they also seek to exploit certain economic indicators as a rationale for their policy decisions. For example, the Fed’s QT policies have for the past couple of years relied on positive GDP, unemployment and inflation stats. In the meantime, the Fed has all but ignored the vast array of stagflationary and deflationary warning signs which run contrary to their interest rate hikes and balance sheet cuts. …
Behind the Huawei story, we must not forget there is a wider financial war being waged by America against China and Russia. Stories about China’s banks being short of dollars are incorrect: the shortage is of inward capital flows to support the US Government’s budget deficit. By attracting those global portfolio flows instead, China’s Belt and Road Initiative threatens US Government finances, so the financial war and associated disinformation can be expected to escalate. Hong Kong is likely to be in the firing line, due to its role in providing China with access to international finance.…
“Two systems are before the world; the one looks to increasing the proportion of persons and of capital engaged in trade and transportation, and therefore to diminishing the proportion engaged in producing commodities with which to trade, with necessarily diminished return to the labor of all; while the other looks to increasing the proportion engaged in the work of production, and diminishing that engaged in trade and transportation, with increased return to all, giving to the laborer good wages, and to the owner of capital good profits… One looks towards universal war; the other towards universal peace. One is the English system; the other we may be proud to call the American system, for it is the only one ever devised the tendency of which was that of elevating while equalizing the condition of man throughout the world.”
-Henry C. Carey (Lincoln’s advisor), Harmony of Interests, 1856
The British Hand Behind the Deep State Today
With the election of Donald Trump in November 2016, it has become apparent for that America isn’t what many thought it was.
Suddenly, for the first time since the assassination of John F. Kennedy in 1963, there was no longer one America but rather two opposing forces within America itself, and the question was raised “which is the real America and what is it that Trump was re-activating?”
Here was a political leader who wasn’t from the technocratic establishment, and who campaigned to work with Russia and China, end regime change wars, reverse the nation-killing effects of NAFTA, reviving the JFK-era space mission and even discussed restoring Glass Steagall.
A clue to what he chose to represent can be witnessed in his defense of the “American System” when he said “this is the system our Founders wanted. Our greatest American leaders — including George Washington, Hamilton, Jackson, Lincoln — they all agreed that for America to be a strong nation it must also be a great manufacturing nation.”
Soon, it became apparent that this Deep State structure mobilized to stop the re-emergence of the American System was not even American as many had supposed, but rather of a purely British Imperial pedigree and was even caught working against British nationalists such as Jeremy Corbyn. It finally came to light that the British Empire had never gone away after WWII, but had evoked a powerful sleight of hand after FDR’s untimely death in 1945.
How did this happen? By what means and motives did this Deep State arise? Was it always there or were there key moments in history that give us clarity into its origins and how it took over both America and other nations alike?
By approaching history shaped by a battle between British and American systems of social order (which represents much more than merely British or American nations per se), a “master key” to unlock the secrets of Britain’s takeover of America (and Europe) can be found by exploring the strange case of Canada.
What is this “strange partly British/partly American monarchy of the Americas”? At the best of times it was uplifted by the best constitutional traditions of America cited by Donald Trump above, and at the worst of times it was a platform to spread British intrigues upon the world exemplified by the Montreal-based assassinations of American System leaders Abraham Lincoln in 1865 and John F. Kennedy in 1963. Today those intrigues are led by such Rhodes Scholars as Chrystia Freeland and the modern Round Table movement of Ben Rowswell who have together played leading roles in the overthrow of Venezuela, the protection of fascists in Ukraine and advance of NATO against Russia and China.
The time has come to drag some skeletons out of the closet….
Merck made a “hit list” of doctors who criticized Vioxx, according to testimony in a Vioxx class action case in Australia. The list, emailed between Merck employees, contained doctors’ names with the labels “neutralise,” “neutralised” or “discredit” next to them.
According to The Australian, Merck emails from 1999 showed company execs complaining about doctors who disliked using Vioxx. One email said:
We may need to seek them out and destroy them where they live …