Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Jim Willie: The US is Rigging Statistics Like the Soviet Union

% of readers think this story is Fact. Add your two cents.


In an interview on 5/26/15 with Jason Burack of Wall Street for Main Street, Jason says, “If you go back and look at what the Soviet Union did with their economic data and statistics, they would routinely release the propaganda data saying that the ‘standard of living in the Soviet Union was higher than the average US citizen.’

I actually read this book about Google called “In the Black” and they talked about Sergey Brin , the co-founder of Google, and his father was a Soviet era economist. He was tasked in the Soviet Union with constantly changing all the formulas to lie about the real inflation rate in the Soviet Union. 


They would routinely release the propaganda data saying 
that the ‘standard of living in the Soviet Union was higher 
than the average US citizen.’

In the US, there  were over 100,000 oil jobs were cut, an the numbers didn’t even reflect that! 

A lot of the numbers are bogus across the board. 

 The Chapwood CPI, which follows the prices of 600 items, concluded there was a CPI inflation index of 10%.

Willie: They can do a number of things. There has been criticisms lately about the seasonal adjustments. What they’ve doen in the last 2 months is do twice over the seasonal adjustment to lift it up. The other thing they do that is mocking the data, ‘It only takes seventh grade arithmetic to debunk their shit.  We have 22% unemployment in the US when you happen to count those who don’t have a job!

Jason: There  was over 100,000 oil jobs were cut, an the numbers didn’t even reflect that! A lot of the numbers are bogus across the board.  

Willie: If you want to get a good indicator of the oil industry job report, look at the Dallas Fed. It was horrendous.  

They just announced that there are 6,000 retail stores closing down this year. The Chapwood CPI, which follows the prices of 600 items, concluded there was a CPI inflation index of 10%.  

US society will not react badly until stocks are down hard and bank accounts are showing “missing holes”. There’s a wealth effect for the American public who sees their 401Ks and stock mutual funds are all going up. What they should do is sell them because the Fed and the Wall Street firms are the main buyers.I’m convinced that the Fed and Wall Street own 50% of the S and P 500 stocks.

QE to Infinity

The Velocity of Money is down 50% since Lehman Brothers. This is a grotesque failure of monetary policy. Let’s call it what it is: QE is a backdoor Wall Street bail out. 

Alan Greenspan said that as a policy , QE cannot stand as a policy for over 6-9 months because it causes a lot of problems. He didn’t go into detail. It kills capital, at the same time they cannot raise prices prices because of the Chinese imports being lower in price. So you have QE into infinity. You remember the ‘taper talk’  in the summer of 2013. It was a trial balloon that failed. 

I was talking about the ‘Belgium Bulge’ last year.

Now the Fed has been doing something else. The BLICS (Belgium, Luxembourg, Ireland, Cayman Islands and Switzerland) , for 3  ½ years, from 2011 to 2014, the Fed has added 825 Billion in Treasury Bonds to their balance sheet, but the BLICS have added 818 Billion.  

So the Fed has exported QE. They are using these 5 nations that we have under our thumb to buy up Treasury bonds with money that we give them. This is standard Reich finance. They are trying to make QE go global.  

Will We Have War with China? 
 

This is the beginning of a massive dumping of trillions of dollars of Treasury Bonds over the next couple of years. 
US Imports Will Go Sky High

I think that China …….Read the rest of the story at GramsGold.com
 

 
Having small currency-size units of gold will be important in a collapsing economy. 
Grams are perfect, to be used as barter, or in K-Exchange centers.
The cards are laminate-sealed & hologrammed for authenticity .
Click here for more information.
 
Seeking business-minded people as sales affiliates throughout the world
 



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.