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