Americans: Awash In Spin

October 29th, 2011

FAKE NEWS for the Zionist agenda

Dr. Paul Craig Roberts
Prisonplanet.com
October 29, 2011

I have come to the conclusion that Big Brother’s subjects in George Orwell’s 1984 are better informed than Americans.

Americans have no idea why they have been at war in the Middle East, Asia and Africa for a decade. They don’t realize that their liberties have been supplanted by a Gestapo Police State. Few understand that hard economic times are here to stay.

On October 27, 2011, the US government announced some routine economic statistics, and the president of the European Council announced a new approach to the Greek sovereign debt crisis. The result of these funny numbers and mere words sent the Standard Poor’s 500 Index to its largest monthly rally since 1974, erasing its 2011 yearly loss. The euro rose, putting the European currency again 40% above its initial parity with the US dollar when the euro was introduced.

On National Public Radio a half-wit analyst declared, emphatically, that the latest US government statistics proved that the recovery was in place and that there was no danger whatsoever of a double-dip recession. And half-brain economists predicted a better tomorrow.

Europe is happy because the European private banks, the creditors of the European governments, have agreed to eat 50% of Greece’s sovereign debt and to be recapitalized by public money handed to them by the European Financial Stability Facility rescue fund. The President of the European Council, Herman Van Rompuy, thinks that Greece’s debt is the only sovereign debt to be written down and that the debt of Italy, Spain, and Portugal will somehow be bailed out through other means, including a Chinese contribution to the EFSF rescue fund. Obviously, if all EU sovereign debt has to be cut by 50% as well, the rescue fund would not be up to the job.

For our corrupt financial markets, any news that can be spun as good news can send stocks up. But what are the facts?

For facts one has to turn to serious people, not to the presstitute media. Among those who give us real facts is John Williams of shadowstats.com. In his October 27 report, Williams exposes the happy second quarter 2011 economic growth figure of 2.5% as nonsense. Every other economic indicator contradicts the spin.

A d v e r t i s e m e n t

For example, personal consumption is reported to have increased 1.7%, but this surge in consumption took place despite a 1.7% collapse in consumer disposable income! In other words, if there was an increase in personal consumption, it come from drawing down savings or from incurring higher consumer debt.

A country’s consumers cannot forever draw down savings or go deeper into debt. For an economy to recover, there must be growth in consumer income. That growth is nowhere to be seen in the US. A large percentage of the goods and services sold to Americans by American corporations are now produced abroad by foreign labor. Thus, Americans no longer received incomes from the production of the goods and services that they consume. The American consumer market is on its way out.

The Dow Jones rose 339.51 points on the phony good news, but consumer sentiment is in the basement. John Williams reports that “consumer confidence hit the lowest levels ever recorded in 2008 and 2009” and that consumer confidence has now “fallen back to that 2008 level.” But the stock market boomed. Somehow a population 23% unemployed with debt up to its eyeballs is going to spark an economic recovery.

Recovery can only happen in the delusional world created for us by the concentrated media. No longer permitted to utter one world of truth, the presstitutes proclaim non-existent recoveries and weapons of mass destruction and demonize Washington’s chosen opponents.

The sovereign debt crisis in Europe has distracted Americans from the much worst crisis in their country. After two decades of exporting US manufacturing and middle class jobs, and after a decade of consumer debt growth that has resulted in millions of foreclosed homeowners and massive credit card and student loan debt that cannot be paid, consumers have no income growth or borrowing capacity with which to fuel an economy based on consumer demand.

European banks, already ruined by purchases of Standard Poor’s and Moody’s AAA ratings of junk derivatives, now find themselves threatened by sovereign debt. Greece’s debt crisis, caused with Goldman Sachs’ help in hiding the true debt of the country as was done for Enron, has brought to light that Portugal, Ireland, Italy, and Spain, in addition to Greece, have more debt than the governments can service.

In the EU, unlike the US and UK which have their own central banks that can create new money to bail out the over-indebted governments, the EU central bank is prohibited by treaty from printing money in order to purchase bonds from member states that cannot be redeemed.

Regardless of the treaty prohibition, the EU central bank has been lending Greece the money to pay its bond holders. The imposed austerity that is part of the deal created political instability in Greece.

Now that European Council President Herman Van Rompuy has announced a 50% write-off by private banks of Greek sovereign debt, can the same treatment be denied Portugal, Italy, and Spain?

The European Central Bank is following the lead of the Federal Reserve and creating new money to bail out debt. The cost will be paid in inflation and flight from the euro and the dollar. As an indication of the future, despite the positive spin on the news and the rise in US stocks, on October 27 the Japanese yen rose to a new high against the US dollar.

Dr. Paul Craig Roberts is the father of Reaganomics and the former head of policy at the Department of Treasury. He is a columnist and was previously an editor for the Wall Street Journal. His latest book, “How the Economy Was Lost: The War of the Worlds,” details why America is disintegrating.

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9 Responses to “Americans: Awash In Spin”

Well, the real smoothing answer to all of this dysfunctional-ism can be traced too November 22, 1963. Go ahead, look through the archives of F.D.R.’s administration, Truman’s, Eisenhower’s, you’ll wind up too the assassination of JFK, and his administration ! The economy took off like a rocket to Hell, and has never stopped either ! …..and it keeps going like that eternal flame over there at Arlington Cemetery too !

You see, it’s simple, “You can’t spend yourself out of debt, it just makes the depth of debt deeper !”

BYTHETWILIGHTdotNET Reply:
October 29th, 2011 at 4:12 am

Oh snap, if you like spins, i hear that Claurence Fey guy is pretty awesome, go to his channel.

BYTHETWILIGHTdotNET Reply:
October 29th, 2011 at 4:15 am

Orwell would laugh at the level of mental slavery we’ve succumbed to. I heard a wise man once say that the elite prefer mental slavery because of it’s cost effectiveness. Think about the monetary worth of each man, from an Ethiopian to an American. Money really is slavery.
THE SPIN IS WORKING
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Now here’s the thing I play alot of Americas Army and there’s thousands of Americans that play on our servers, in all of my years of playing I’ve ONLY ever met a HANDFULL out of several thousand that actually know of WT7…

So in the long run the SPIN is working in the governments favour… just my input as someone who knows about WT7 and isn’t an American, and actually takes his time to ask question of other people in the game…

WHY YOU TURN PEOPLE OFF AND NOT ON WHICH AIDS THEM
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Now I love Alex to death and I really do thank him for all his hard work! but the thing with him is he plays the Evangelist way too much (remember that you have a world wide audience not just TEXAS bible folk)… I can give people this sites url and know that they WILL read it, BUT I can’t give them the iTunes links to the podcasts simpley because Alex goes way off topic and starts RANTING and talking over people just like Bill O’Reilly…

That doesn’t make a good show for NORMAL everyday folks who listen in because they have made some connections for themselves and then want to be further educated on the parts that interest or have woken them up…

If ALEX was more professional then he would be a REAL voice but all I hear at the moment is a loud obnoxious Texan and that’s really doing damage to the wake up movement… The BBC used him to portray EVERYTHING that was wrong with the movment and mode us all looks like nutters just because of the way that Alex comes across…

Cheers for letting me put over MY opinions in this open forum, and I really hope that at least a couple of people will agree with me on here and maybe try to get the shows out in a calmer more informative manner so that we can spread the word…

Keep up the good work…

mpennery Reply:
October 29th, 2011 at 4:31 am

You’re right but I think Alex would agree with you, too. He openly admits he gets too worked up. He openly admits he would LOVE for more professional infowarriors to step up and help be the voice. He’s working on that, too. Aaron Dykes and Mike Adams and Paul Watson are taking on more responsibility in this department. It takes time to develop talent. But I think Alex is still ‘the man’ and has to remain in the forefront until these other guys build their experience and reputation and knowledge. None of them even comes close to having the base of knowledge Alex has.
Look, I feel for Alex. I indentify with his anger. He knows so much and it is SOOOOOO frustrating to be sharing info to save peoples’ lives and they just don’t care (generally speaking). God, it’s hard. Who among us can know so much and share so much and maintain composure at the people not caring?
Look, I try to share Alex with my family and the response is always the same: “That guy sounds just as crazy as Rush Limbaugh.” They can’t see the forest for the tree! Your average Joe can’t see beyond the tone and the voice and the anger to see/hear the message. But, like I said, Alex is working on that and the better he gets (and his helpers get), the more people he’ll reach and the faster change will happen. We gotta be patient and all keep working to get better at sharing our information.
This is, after all, the Age of Information and we are the warriors who must perfect our craft in order to win.
Doesn’t change the fact that we love you man. Warts and all.

Matt

Lexington, ky

the sage Reply:
October 29th, 2011 at 5:05 am

This section of posts has just been highly manipulated and edited.

Both the critical preceding post to which mcpennery is responding and my own follow up post were deleted. And my following money bomb post has been moved as it was a response post (blue box) is now a white box comment, which is now not designated as a response.

Sneaky stuff…whomever is working the board.
Americans like the snooze button.
Over $18,000 in the moneybomb. Have you given to support the bottom line?
eh? what editing my post is EXACTLY how I wrote it !!!

Mpennery: Yeah that’s exactly the point I was trying to make…
“Your average Joe can’t see beyond the tone and the voice and the anger”…