Megabubble waiting for new president in 2009
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http://www.marketwatch.com/news/story/governments-numbers-racket-about-blow/story.aspx?guid=%7BF91A0843%2D69B4%2D4C0C%2D92CE%2DB835D9907945%7D&dist=MostReadHome
Type of Content: Article ARROYO GRANDE, Calif. (MarketWatch) -- Remember that big ah-ha moment in the 1939 classic "The Wizard of Oz?" Dorothy wants to see the Wizard. His voice booms: "Do not arouse the wrath of the Great and Powerful Oz! Come back tomorrow!" Afraid, Lion, Tin Man, Scarecrow shake. Dorothy's dog runs up, tugs on a curtain. She chases Toto, pulls curtain open:
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I define a conspiracy as an allegiance between two or more people to coordinate
their efforts toward a common, coercive, unlawful goal.
The bulk of the article could be very informative to someone who hadn't seen
it all before, but they'd probably fall for the distracting lies contained within.
I say distracting, because the false notion that there's no 'grand conspiracy'
will only serve to keep people from looking at other parts of the real grand
conspiracy with the appropriate suspicion. I mean areas like medicine, food,
the FDA, education, 'charity' foundations, ALL major interest groups, the
environmental movement, child protective services, law enforcement, the military,
religious organizations and virtually every other organized segment of society.
If there's any use to be had by the control of any group, it will be taken.
Hegelian dialectic strategy involves controlling from within, usually by the cooption
of the leadership, or the finances, of every potentially influential organization.
I can be paranoid and still be 99+% right. Don't soothe yourselves by wallowing in
your propaganda derived delusions about my mental state, O lovers of electronic
voting (which if you had no television, you would realize after the last eight years,
is not really voting.)
Serenity now!
The authors quote;
"And every step of the way the media went along with the con game played by politicians and economists".
The false official government numbers for; GDP (gross domestic product), CPI (consumer price index - inflation), and unemployment, can only be maintained because of Big Media collusion.
Most people can now figure out that inflation is not the insanely low 0.2% reported by the government for the month of April. One look at you grocery bill or the price of gas will be enough to prove that the official numbers are bunk. The most reliable indicator of inflation is the (change of) M3 data, which can simple be stated as the “amount of money in circulation”. If more money is printed, then M3 goes up.
So… what does M3 say? We don’t know any more. The US Federal Reserve decided to stop reporting the M3 numbers in March of 2006. Now we can only make guesses based upon alternate public data sources. The unofficial M3 change estimates range from a 10% to 15%. This is probably close to the true inflation number. The other implication in this high number is that the Fed must be running the $ printing presses overtime.
http://en.wikipedia.org/wiki/Money_supply
http://www.financialsense.com/editorials/williams_j/2008/0114.html
http://www.federalreserve.gov/releases/h6/discm3.htm
http://www.app.com/apps/pbcs.dll/article?AID=/20080516/BUSINESS/80516039...
piece by Paul Farrell.
I'll certainly miss Herb Greenberg over at MarketWatch.
I would also recommend "Empire of Debt" by Bill Bonner