“The Great Fantasy: You Won’t Believe What Is Happening in the U.S.”

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by Paul Craig Roberts

 

“John Williams of shadowstats.com has a long-term tradition of trying to hold US government data reporting agencies and financial presstiutes accountable, but as in every aspect of US reporting fantasies prevail over reality. For example, according to the Federal Reserve and the presstitute financial press, US inflation is less than 2 percent. Here is the Chapwood index, based on actually going out and purchasing items in the inflation basket: 

 

 

As for the great consumer economy we hear about, here are the IRS statistics of the distribution of wage earners by level of net compensation: https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2016. 50 percent of wage earners had net compensation less than $30,534 in 2016. The rich are a tiny percent of the population and cannot sustain a consumer economy.

 

I remember reading many decades ago that in Texas a person was not considered rich unless they were worth at least $50 million dollars. Today you can’t be on the Forbes 400 unless you are a multi-billionaire. In such a system, ordinary people have no voice or influence. One billionaire can purchase most of the government. The billions of dollars that the US taxpayers give to Israel each and every year purchases the rest of the government. The military/security complex, the energy, mining, and timber industries, the pharmaceuticals, agri-business, Wall Street, the big banks and all the rest make American democracy a hoax.

 

As for the full employment claimed by US government reporting agencies, how does full employment coexist with this reported fact from the Dallas Morning News: “1,000 Toyota Job Openings Receives 100,000 Applicants!“ Toyota Motor Company advertised the availability of 1,000 new jobs associated with moving its North American headquarters from southern California to Texas and received 100,000 applications. Where did these applications come from when the US has “full employment?”

 

Clearly, the US does not have full employment. The US has an extremely low rate of labor force participation, because there are no jobs to be had, and discouraged workers who cannot find jobs are not measured in the unemployment rate. Not measuring the unemployed is the basis of the low reported unemployment rate. The official US unemployment rate is just a hoax like Saddam Hussein’s “weapons of mass destruction,” Assad’s “use of chemical weapons,” Russia’s “invasion of Ukraine,” “Iranian nukes,” and “Russiagate.” The list of hoaxes created by the US government and its presstitute media are endless. And the dumbshit Americans sit in front of CNN, MSNBC, NPR and the rest and absorb the indoctrination to their own peril and insignificance.

 

Americans live in a fantasy world about their Great Country, their Great Economy, their Great Military System that ensures them Hegemony Over the World even though after 17 years the World’s Greatest Military has been unable to defeat a few thousand lightly armed Taliban in Afghanistan, their Great Everything. But in fact, insouciant Americans live in The Matrix. They have no idea of their real situation.”

 

- https://www.paulcraigroberts.org/