The Grand Manipulation

Written on February 11th, 2015 in politics Comments Off

Published on Intrepid Report, by Paul Craig Roberts, Feb 9, 2015:

Americans are the most manipulated people in history. Since 2008, the economy has been manipulated for the benefit of a few oversized banks “too big to fail.” US foreign policy has been manipulated to serve the hegemonic agenda of a handful of neoconservatives. These manipulations have undercut the consumer basis of the US economy and have pushed the American people into a conflict situation with Russia and China.  

Lies, us economic collapse and nuclear war:

  • US economic collapse and nuclear war are the two most likely outcomes of Washington’s manipulations of the American people. Time and again, the American public has fallen for transparent lies and orchestrated events. 2015 is a decisive year. Will a credulous people cast off their gullibility, or will they be swept away by economic collapse and war?
  • There are reasons to believe that the government’s manipulations have overreached and are crossing the point of believability, even on the part of credulous Americans. Let’s review some of these manipulations—first, economic, and then foreign policy.

Unemployment number is meaningless:

  • On January 9, the US government told Americans that the unemployment rate had fallen to a comforting 5.6 percent, an indication that the Federal Reserve’s policy of Quantitative Easing was successful in restoring the US economy. A 5.6 percent rate of unemployment suggests that Americans have a reasonable chance of finding a job. Yet we know there are millions of discouraged workers who have given up looking for a job.
  • The explanation of this paradox is that the 5.6 percent unemployment rate (U.3) does not include unemployed people who have not looked for a job in the previous four weeks. These unemployed are called “discouraged workers.” If they have been discouraged for less than one year, they are counted in a seldom-reported measure of unemployment (U.6). This rate stands at 11.2 percent, twice as high as the unemployment rate stressed by government and financial media.
  • The 11.2 percent rate is an official measure, but it is not publicized because it indicates a dismal employment outlook 5.5 years after the 2008 recession was declared over, in June 2009. What kind of recovery is it when the unemployment rate remains at 11.2 percent years after the recession has officially ended?

The great lie exposed: … //

… (full long text).

(Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. His latest book, How America Was Lost, is now available).

Update:

Links:

Promoting Equity for a Stronger Canada, the Future of Canadian Social Policy – Glenn Drover, Allan Moscovitch, and James Mulvale, on BIEN, by Basic Income Canada Network BICN, Feb 5, 2015;

Comment l’UPR m’a endoctriné, dans médiapart.fr, par YANNICK DEL-TORRE, le 4 février 2015;

Quelle fusion pour l’impôt sur le revenu et la CSG? dans tout-sur-les-impôts, par Solenne Dimofski, le 4 février 2015;

Revenus annuels en baisse pour Base Company, dans 7sur7.be, le 4 février 2015;

A ‘basic income’ system could be feasible in Spain, but only by reframing the current debate, Feb 4;

Giorgos Kallis: Podemos party’s plan to ‘stimulate consumption’ needs more ambition, on BIEN, by JOSHUA EDWARD MARTIN, Feb 4, 2015;

Watertown, SD 57201: LATI students offer free income tax preparation, on The Republic Opinion, Jan 21, 2015;

State Of The Union 2015: 5 Basic Things To Know About Obama’s Free Community College Proposal, on International Business Times, by Julia Glum, Jan 20, 2015;

US: Tax filing season has begun, and early filing offers advantages, on Milwaukee-Wisconsin Journal Sentinel, Jan 20, 2015;

Roberto Merrill: Pré-distribuição / Pre-distribution, on BIEN, by André Coelho, Jan 20, 2015;

Krieg in der Ukraine, Machtproben in einem zerrissenen Land – Vadim Damier, 89.49 min, von Graswurzelrevolutio1 am 20. Dezember 2014 hochgeladen.

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