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Stone Cold Proof That Government Economic Numbers Are Being Highly Manipulated

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Detective - Public DomainHow in the world does the government expect us to trust the economic numbers that they give us anymore?  For a long time, many have suspected that they were being manipulated, and as you will see below we now have stone cold proof that this is indeed the case.  But first, let’s talk about the revised GDP number for the first quarter of 2014 that was just released.  Initially, they told us that the U.S. economy only shrank by 0.1 percent in Q1.  Then that was revised down to a 1.0 percent contraction, and now we are being informed that the economy actually contracted by a whopping 2.9 percent during the first quarter.  So what are we actually supposed to believe?  Sometimes I almost get the feeling that government bureaucrats are just throwing darts at a dartboard in order to get these numbers.  Of course that is not actually true, but how do we know that we can actually trust the numbers that they give to us?

Over at shadowstats.com, John Williams publishes alternative economic statistics that he believes are much more realistic than the government numbers.  According to his figures, the U.S. economy has actually been continually contracting since 2005.  That would mean that we have been in a recession for the last nine years.

Could it be possible that he is right and the bureaucrats in Washington D.C. are wrong?

Before you answer that question, read the rest of this article.

It just might change your thinking a bit.

Another number that many have accused of being highly manipulated is the inflation rate.

But we don’t have to sit around and wonder if that figure is being manipulated.  The truth is that even those that work inside the Federal Reserve admit that it is being manipulated.

As Robert Wenzel recently pointed out, Mike Bryan, a vice president and senior economist in the Atlanta Fed’s research department, has been very open about the fact that the way inflation is calculated has been changed almost every month at times…

The Economist retells a conversation with Stephen Roach, who in the 1970s worked for the Federal Reserve under Chairman Arthur Burns. Roach remembers that when oil prices surged around 1973, Burns asked Federal Reserve Board economists to strip those prices out of the CPI “to get a less distorted measure. When food prices then rose sharply, they stripped those out too—followed by used cars, children’s toys, jewellery, housing and so on, until around half of the CPI basket was excluded because it was supposedly ‘distorted'” by forces outside the control of the central bank. The story goes on to say that, at least in part because of these actions, the Fed failed to spot the breadth of the inflationary threat of the 1970s.

I have a similar story. I remember a morning in 1991 at a meeting of the Federal Reserve Bank of Cleveland’s board of directors. I was welcomed to the lectern with, “Now it’s time to see what Mike is going to throw out of the CPI this month.” It was an uncomfortable moment for me that had a lasting influence. It was my motivation for constructing the Cleveland Fed’s median CPI.

I am a reasonably skilled reader of a monthly CPI release. And since I approached each monthly report with a pretty clear idea of what the actual rate of inflation was, it was always pretty easy for me to look across the items in the CPI market basket and identify any offending—or “distorted”—price change. Stripping these items from the price statistic revealed the truth—and confirmed that I was right all along about the actual rate of inflation.

Right now, the Federal Reserve tells us that the inflation rate is sitting at about 2 percent.

But according to John Williams, if the inflation rate was calculated the same way that it was in 1990 it would be nearly 6 percent.

And if the inflation rate was calculated the same way that it was in 1980 it would be nearly 10 percent.

So which number are we supposed to believe?

The one that makes us feel the best?

And without a doubt, “2 percent inflation” sounds a whole lot better than “10 percent inflation” does.

But anyone that does any grocery shopping knows that we are definitely not in a low inflation environment.  For much more on this, please see my previous article entitled “Inflation? Only If You Look At Food, Water, Gas, Electricity And Everything Else“.

Of course the unemployment rate is being manipulated as well.  Just consider the following excerpt from a recent New York Post article

In case you are just joining this ongoing drama, the Labor Department pays Census to conduct the monthly Household Survey that produces the national unemployment rate, which despite numerous failings is — inexplicably — still very important to the Federal Reserve and others.

One of the problems with the report is that Census field representatives — the folks who knock on doors to conduct the surveys — and their supervisors have, according to my sources, been shortcutting the interview process.

Rather than collect fresh data each month as they are supposed to do, Census workers have been filling in the blanks with past months’ data. This helps them meet the strict quota of successful interviews set by Labor.

That’s just one of the ways the surveys are falsified.

The Federal Reserve would have us believe that the unemployment rate in the U.S. has fallen from a peak of 10.0 percent during the recession all the way down to 6.3 percent now.

But according to shadowstats.com, the broadest measure of unemployment is well over 20 percent and has kept rising since the end of the last recession.

And according to the Federal Reserve’s own numbers, the percentage of working age Americans with a job has barely increased over the past four years…

Employment Population Ratio 2014

The chart above looks like a long-term employment decline to me.

But that is not the story that the government bureaucrats are selling to us.

So where does the truth lie?

What numbers are we actually supposed to believe?

Please feel free to share your thoughts by posting a comment below…

 

  • Mike Smithy

    Considering that inflation was a variable in the -2.9% Q1 GDP figures, can you just imagine how large the contraction really was? TPTB are already conjuring a cover story in the event Q2 GDP contracts. The media schmucks will suggest that the Spring was too wet or too dry or too cool or too hot or whatever B.S. they can conjure up.

  • K

    Michael, the truth is if the Federal Government told me the sky was blue. I would go outside and check. They have zero credibility with me. Governments always lie, but not usually about everything. It was said, you can not fool all the people all of the time. True, but it seems you can fool 80% of the people all of the time.

    • MichaelfromTheEconomicCollapse

      That made me smile. It is true – we can’t trust anything that the government says these days.

      Michael

    • Syrin

      Amen brother (sister?). I am right there with you

      • K

        Brother

    • xander cross

      If government always lie, then why do you all vote for Ron Paul? He was a member of the federal government for decades and also got paid in kickbacks from bankers.

      • K

        Speaking for myself, I did not vote for Ron Paul. Is Ron Paul more honest than most? Yes, but I will never vote for a Democrat or a Republican ever again. They have equally sold out this Country.

        • xander cross

          Ron Paul is honest? Since when? Now that is a lie.

          • K

            I said more honest. Yes I feel he is more honest, than Mitch McConnell, or Harry Reid, or quite a few others. I did not say he was fully honest. I know of no politician that is fully honest.

          • GSOB

            Psalm 111:10

          • GSOB

            That’s true…but how would you know?

            Oh… yeah.. your platform is against white politicians,…

            God instructs us in His word that ‘all men are liars’.

            Did you know that people are safe to recognize any member of mankind as being a Jew or a Gentile?

            From out of those two broad categories of people, God calls out people to His Son by the Spirit they are converted, they believe and thus become members of Christ.

            Don’t you want to be in on that?

      • Malcolm Reynolds

        That would be illegal. Do you have proof that RP was paid kickbacks by bankers or are you just spewing loony juice?

        • RedPillPlease

          He splattered the walls with his own defecation. Ron Paul wrote a check to the US Treasury every year he served with left over funds that had been allocated to run his office for each Congressional year! These RP bashers are completely ignorant fools!

          • Malcolm Reynolds

            Actually, I didn’t know that.

        • RedPillPlease

          Ron Paul chaired the Finance subcommittee. Ron Paul took apart Ben Bernanke every chance he could. Has this joker ever read: “End the Fed” by Mr. Ron Paul?

      • davidmpark

        Go online and look up “fallacy”; study and then repost. :)

      • GSOB

        Psalm 62:9

        • xander cross

          I don’t worship the slave masters bible or religion.

          • GSOB

            John 3:20 – 21

          • GSOB

            Yes, they knew about him all right, but they wouldn’t admit it or worship him or even thank him for all his daily care.

            And after awhile, they began to think up silly ideas of what God was like and what he wanted them to do.

            The result was that their foolish minds became dark and confused.

  • Simple Simon

    All of the numbers are manipulated by the government to suit their needs. They then revise the numbers as needed later on hoping that people won’t notice the revision just like with the Q1 GDP. LIBOR/FX/Metals/Energy are all fixed. My friend was just notified that the health insurance that he buys for himself is going up by 15%.

    Zero and/or negative interest rates are the new normal. The gov’t has no way out and this is the path that they have chosen to go down.

    People need to wake up and start organizing before every last cent they own is taken from them.

    • Syrin

      If you can figure out how to wake them up, let me know. I’ve been spreading the word for half a decade or more. I find more people happy to live in blissful ignorance than who prefer to be cautiously alert.

      • butch waggoner

        ..”What the common man longs for in this world, before and above all his other longings, is the simplest and most ignominious sort of peace: the peace of a trusty in a well-managed penitentiary.
        He is willing to sacrifice everything else to it. He puts it above his dignity and he puts it above his pride.
        Above all, he puts it above his liberty”..
        Henry Mencken.

      • Mark

        I have been trying to wake up people since the mid seventies. You have to realize only 5% at most can accept the truth. The ones that will wont be hard to convince. Forget the others.

  • Tim

    Yet U.S. stock markets were UP today. Utterly amazing. I just wonder how much longer they can keep this charade going.

    • Mondobeyondo

      The same thing that held up the Hindenberg…A lot of extremely lighter than air gas in an explosive mixture.

      • Tim

        Yes!

      • butch waggoner

        Actually the Hindenburg worked pretty well except for the last couple of minutes..

    • Mike Smithy

      I have to give the central banksters credit, as they hey have kept the artificial levitation going longer than I thought possible.

    • MichaelfromTheEconomicCollapse

      Hopefully for as long as possible.

      Once the bubble bursts, I am afraid that they won’t be able to put Humpty Dumpty back together again.

      • Drud

        That’s the conundrum isn’t it: do we hope that the charade continues or, since it inevitable, do we hope it falls apart soon and quickly? Personally, although I very much like our current peace and relative prosperity, I would rather get to it, deal with the devastation of the collapse (if we survive) and get to whatever comes next.

        • GSOB

          The world as we know it. scarred with burial sites, blemished with pollution and masked with environmental background radiation, controlled by a centralized, global policy – is temporary –

          at best.

          Nehemiah 6:3

      • K2

        Yep.

    • K2

      Because it is not depending too much, on the money from the ‘mainstream’ economy thats contracting.

  • Rodster

    Every Govt on this Planet lies about it’s economic data. Would you do business with another country if you held up your hand and said do business with us even though we are bankrupt?

    You can either accept that all the numbers from the US to China are all built on lies, distortion and fraud or you can just stick your head in the sand ignoring the obvious.

    I chose sometime ago to realize the global economic system is a Giant Ponzi Scheme perpetrated on the clueless.

  • Jeff

    Fiat currency only value is in the gravity
    or forces it launches gold’s value upward with the inspired panic it causes.

  • Priszilla

    i think it is time to stock up. especially when i look a the epidemics and outbreaks of diseases.

  • Mondobeyondo

    Of COURSE it’s all manipulated!
    And there is a purpose behind that manipulation.

    What was it that Hermann Goebbles said…”Tell a lie often enough and people will believe it is the truth”

    • MichaelfromTheEconomicCollapse

      Great to hear from you Mondo. I love your comments. And I really hope that you will check out my news website as well…

      http://themostimportantnews.com/

      Lots of articles there to give us your take on. :)

      Michael

      • K2

        Its a nice websites, but make it easy to post comments on that, as easy as its on this, michael.

        • MichaelfromTheEconomicCollapse

          Is it not as easy?

          • Bill

            Where is Discus?

          • K2

            Here we just need to have an email account, but on that we need to create a disqus account.

      • SmallerGovNow

        Thanks Michael for all your efforts at keeping us informed…

        • MichaelfromTheEconomicCollapse

          You are welcome :)

        • monicadsmith

          Josiah . although Jacqueline `s stori is surprising,
          last week I bought themselves a Chrysler from having made $5060 thiss month
          and-in excess of, 10/k last-month . it’s realy the easiest-work I have ever done
          . I started this 4 months ago and pretty much straight away was bringin in at
          least $78 per-hour . why not look here C­a­s­h­f­i­g­.­C­O­M­

      • Jimbo

        Hi Michael,
        I agree with the majority of what you say about the economy and I subscribe wholly to the idea that a collapse is imminent.

        You use facts to illustrate in simple terms what is inevitably coming our way.

        I arrived at the same conclusion by my own life experiences, knowledge of the economy, politics and human nature.

        I am not right or left wing. I find it hard to classify my political leanings. Pure capitalism is an ideal system until those at the top abuse their position. Pure communism is ideal as well but there never has been such a thing as pure communism in the history of the mankind. I am somewhere in
        the middle.

        I am not racist or homophobic.

        I was raised as a Christian and I accept a lot of what Christianity offers but I also understand that other cultures have their own
        beliefs and I question why Christianity is the only way.

        I am not anti Muslim. I have worked with true Muslim people and they have very similar values towards their families and community as any other religion.

        The point of writing this is that the Economic Collapse Blog appears to outsiders to be a right wing, Bible bashing extremist view of the
        world rather than an informative guide to the world economy.

        Mike Maloney does brilliant videos but the sales pitch for gold and silver destroys the credibility of his videos by making them appear to
        be infomercials for his products.

        I joined CND (campaign for nuclear disarmament) in 1980 which at the time was a Christian movement promoting the idea that it was not
        mans place to destroy the earth just because he could. I left when I was roundly criticised for being a meat eater? CND,which had a very simple and admirable message, became hijacked by everyone else with an agenda to push. CND became a left wing, save the whale, disabled lesbian vegan movement and the original message got lost in the fog.

        The whole point of this post is to say that though I admire your economic expertise, I feel it would be better for your message if this
        site stuck to the facts, got away from the in your face selling of prepping items and toned down the right wing leaning.

        This is just my opinion.

        • GSOB

          Everybody has one.

    • Jimbo

      The purpose is to keep us all believing that substandard toilet paper has a value.

    • GSOB

      That’s politically correct Mondobeyondo…

      The “Left Behind” series is a religious example in which many take as truth.

    • Priszilla

      It’s all comparing oranges and bananas.

      Let’s say Warren Buffet made a killing so it must have been a good year.

      End of discussion. Don’t be a pessimist, don’t always see the bad in people. Have faith.

      And pray.

      • eldc

        A pessimist just has more information.

        • Priszilla

          If you give that more to an optimist will he hecome a pessimist or will you not have more then and become an optimist?

    • kenyattagward

      as Thelma
      explained I cannot believe that a stay at home mom can make $7420 in four weeks
      on the internet . more info here C­a­s­h­f­i­g­.­C­O­M­

  • Mondobeyondo

    I do not know what the”real” inflation rate is. But I CAN tell you, that it is NOT 2 percent. You don’t believe me? Ask your wallet or purse. They’ll beg to differ regarding the “official” statistics.

  • UCSPanther

    No surprise here. The Soviets did the same, especially towards the bitter end even as their empire collapsed under their feet.

    • III

      Nope, it was deliberately abolished by the apparatchiks, after Gorbtachev had the Soviet-Union join the new world order.

  • Bob

    Michael:
    I am a teacher, and now they have raised the health insurance cost to $1,000 a month for two people. This includes a $2,500 deductible per person. I have never seen so much exploitation. We have a large organic garden this year and plan on canning and freezing food. We want to encourage others with land to do the same. You keep up the good work with your reports!

    • Priszilla

      That’s about the cost for private health insurance for seniors in Germany EU 500 per person.

    • old fart

      You now have met Hope and Change. from now on there is no hope for this change, Be a good little Sheeple and obey all commands issued from the Dear Leader.

      • Gay Veteran

        your korporate masters demand it

        • afchief

          So does your Proctologist!!!

          • Gay Veteran

            stone cold stupid troll doesn’t even make sense

  • Bill

    Stats and the dollar have both become G-G (government garbage). The more I watch the pork and beef prices at the store the more I do believe the corresponding commodity prices. Up up and away—- we ARE doomed….

  • nosferatukakamono

    -2.9%, hey thanks obama!

  • Omar White

    The real question is how long they can keep the various scams going. Student loans, UST shell game (research this one if ya haven’t already folks, this makes Madoff look like an amateur), QE, ZIRP, propping up da zombie banks with da huge OTC Derivatives books.

    Remember people if Bank of America had to use the same accounting standards that banks and financial institutions EVERYWHERE ELSE IN THE WORLD had to use, it would be the second biggest bank IN THE WORLD.

    This ^^^ is a bank that has a Baa2 credit rating!!

    We are now seeing the return of the 80 month car loans with no down payment!

    Any eggheads out there wanna stick their neck out and predict when we gonna see the 30% STOCK MARKET correction this site loves to talk about?

    The main thing everyone needs to realize is the scams can continue much longer than you can stay solvent.

    • alan

      I think they will feed money into the stawk market forever. its all part of Lie-o-nomics.

  • John Galt

    Regardless of the endless details, the big picture is simple, no system can consume more than it produces forever, at some point the system goes bankrupt, and the system dies.

  • Mondobeyondo

    Things to consider, and other stuff such as:
    1) individual perspective
    2) can’t figure out the square root of 49. Oh yeah it’s 8.
    Oops, spell check for the win!

  • chilller

    The gubermint is a system of professional liars. For years they’ve thrown everything, including the kitchen sink, at the problem they themselves have created in order to buy time for themselves to prepare for the inevitable. They’ve done a masterful job at keeping the herd from panicking, giving them time to duck and cover. But one day they will have to come out and face a populous…a very angry populous. A populous who will instantly recognize them, point at them and say 1 word…”GET’EM!

    • dscott1

      They have already been preparing for this. They are militarizing all the government entities and have been buying up billions of rounds of ammunition. They will have control of all of us by way of our stomachs due to the price of food. I don’t think we will have to wait very long before this happens.

  • Firstgarden

    Government Economic Numbers Are Being Manipulated?

    This has never happened.

    And it’ll never happen again.

    • GSOB

      You took your shirt off.

      • Firstgarden

        Better no shirt than a stuffed shirt, aye? :-)

        • GSOB

          Summer time 94 degrees Denver

  • Nicknakthetruthspeaker

    if you want have a clear view of the situation, look at the USA debt counter of Fox new. apparently you need to sell 50 percent of USA asset to China to get rid of your debt, still, it won’t fix the problem and debt will continue to rise. that s the big problem, you don’t produce enough to maintain your life style and whatever you do, you will still be in debt.

    to a certain point, there will be a war one day. will China invade USA or USA will print 60 trillion dollars ?
    can you sell Texas to China, who cares of the lone star State with his Cowboys?

    joke apart, what guys would you do if I make you president of the USA?

    • kfilly

      They don’t want a plan to curtain spending. It is about bankrupting the coutry so that they can install a dictatorship. Bankrupt the people and they will come begging for food. Hello, comrade. That’s when communism will start.

  • voltaic

    Inflation is the most manipulated. While the cost of a large screen TV continues to decline, the cost of food is skyrocketing. You don’t need a TV to survive, but food on the other hand….

    But what’s really being manipulated? From yesterday alone you have -2.9% 1st quarter GDP – a government number – or the following:

    Markit’s US Services PMI printed at 61.2 (massively beating the 58.0 expectations) and soaring to its highest since records began.

    So there you have it. The government number is worse than expected and the private survey is better than expected.

    Choose your noise….

  • selaretus

    It’s simple. American sheeple would rather hear comforting lies than uncomfortable truth. The Washington idiot is only too happy to comply.

    • steve

      The more people I talk to the more I agree with this statement. Everyone wants to feel good and skip out on anything negative.

  • The USG LIES….lies about the inflation rate, unemployment rate, Fast&Furious, Benghazi, criminal illegals who are in the USA, etc.

    It’s all about the repeat of history….when a government loses the trust of it’s people then there is only one thing left to do and that is become a dictatorship.

  • XSANDIEGOCA

    When Sotero took power gas was $1.87/gal now $4. My back of the hand calculation shows a 8% increase year over year for 6 years. Given how the price of petrol affects everything it is now surprising food stuffs have exploded. Then there is the QE which I liken to a nuclear weapon waiting to explode into hyperinflation. Hard times lie ahead.

  • DesertPaine

    Commenters seem to get the Bigger Picture. Govt lies about inflation, about everything else.

    What is truly mystifying is that while we are willing to question USG more quickly, we are still inclined to give USG the benefit of the doubt from the git-go. Instead of just presuming that every time they open their mouth they are lying, manipulating or parsing. Like we would do for any other chronic liar.

  • Richard

    Michael, you really do need to ignore John Williams. He means well but he exaggerates excruciatingly and moreover he has been yelling (pun not intended) about hyperinflation for as long as I can remember and he has been – simply – horrendously wrong.

    • St. Ferd III

      And your proof is what ? Gov’t numbers ? LOL. Check reality, check out of gov’t propaganda. Not much has changed since Sargon the so-called Great.

    • butch waggoner

      Actually it’s stagflation, the worst of both worlds.
      Commodities you need inflate, disposable income dries up and eventually it leads to shortages..
      No printing has been done since before Y2K..

      -just debt, the killer of nations.

    • Jimbo

      In between the two extremes of government numbers and alternative media “fear mongering” you will find the truth. Everyone has an agenda and it is up to you to decipher their messages and extract the truth. My own experience tells me that inflation is not 2% and that we are not in a recovery.

    • Gay Veteran

      5-10% inflation PER year will destroy you in a few years

  • St. Ferd III

    Gov’ts exist to lie, distort and control. Hence globlaoneywarming, no inflation, QE is working, incomes are up, the consumer is ‘robust’, and stocks are ‘fairly priced’. Unemployment means nothing, the reality is that 35% of the total population supports the rest. This is a business model that is doomed to fail. Inflation is 5-10% a year if you include all costs from health-care to housing, to tuition, golf dues, food, energy, utilities and even car maintenance. ‘Models’ are junk and easily manipulated. See globaloneywarming – another gov’t lie – for more detail.

  • retired

    We are living off of the rest of the world & the rest of the world is trying to climb out from under this fact.Soon the outside world will throw off the yoke of the petrodollar system & end the US dollar’s status as the global reserve currency.When this happens,whether next week or next year,the Dollar will sink like a piece of lead thrown into a pond!

  • sharonsj

    The only reason the government lies about inflation: it means they can pay much less money (in the annual cost of living raises) to the old, the disabled, the poor, veterans, and widows and orphans. So much easier to screw them than to take tax breaks away from big business!

    • Richard Fontaine

      With all due respect, not the “only”. See above.

    • Malcolm Reynolds

      So, they don’t get COL increases or they pay much higher prices for everything. Pick your poison

    • davidmpark

      As a poor person who is caring for a disabled spouse, my children and assisting other orphans and widows – I disagree. It’s the methodology of a welfare state to do this to the lesser of their people – there is never enough money to create that equality many preach and dream of. More money will not solve it as the demands will multiply to exceed any requisitions. Removing tax breaks won’t do much as producers will refuse to produce here – or will after much coercion and threats. That’s why it never works.

      • Gay Veteran

        the top 0.1% is making out like bandits, but then they OWN the government

        • davidmpark

          You’re just really desperate for my attention, ain’t ya?

          Sorry, this all you’re getting; really busy, you know.

          • Gay Veteran

            attention? uh, no

  • xander cross

    Once again, it’s white people that are creating this problem. Tell me, what race is these people in high power positions? They’re rich white people making problems for poor white people.

    • nosferatukakamono

      LMAO at pieces of excrement like you, bwahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

      • xander cross

        White people sent the jobs to china.

        • nosferatukakamono

          hi racist fembot, bwhahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

          • xander cross

            Hello troll. White people sent the jobs to china.

          • nosferatukakamono

            hello effeminate piece of garbage, please continue to lick the obama testicle, bwaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

          • GSOB

            “Racism oppresses its victims, but also binds the oppressors, who sear their consciences with more and more lies until they become prisoners of those lies. They cannot face the truth of human equality because it reveals the horror of the injustices they commit.”

            – Alveda King

          • xander cross

            White people sent the jobs to china.

          • GSOB

            Ephesians 4:22, 23

        • GSOB

          “The American Negro never can be blamed for his racial animosities – he is only reacting to 400 years of the conscious racism of the American whites.”

          – Malcolm X

    • GSOB

      “America needs to understand Islam, because this is the one religion that erases from its society the race problem. Throughout my travels in the Muslim world, I have met, talked to, even eaten with people who in America would have been considered ‘white,’ but the ‘white’ attitude had been removed from their minds by the religion of Islam.”

      – Malcolm X

      • neal

        GSOB, you have got to be kidding. Muslims are as racist as anyone else, maybe more so. ISIS (Sunni Arabs) has been executing other Sunnis just because they were Turkmen, that is just a recent example. Gulf state nationals treat Pakis, Egyptians, Palastinians, Indians etc muslims as dirt and even if they are born in the Gulf they will never get citizenship.
        In Cairo I always noticed that Sudanese and Nubians had menial jobs (Nubian boabs were common). They also prize marrying fair skinned girls and rejected dark skinned suitors.

        • GSOB

          neal,

          to understand that left to ourselves… no matter what color…

          Proverbs 16:2

  • xander cross

    If these white rich people created this problem, then why you all of you poor white people keep on supporting rich people like your tea party leaders? Rand Paul receives money from the bankers and you white people still support him. Don’t you understand what the problem is now, it’s rich white people.

    • nosferatukakamono

      LMAO

      • xander cross

        Poor creature. White people sent the jobs to china. That is the truth.

        • GSOB

          “Abortion and racism are evil twins, born of the same lie. Where racism now hides its face in public, abortion is accomplishing the goals of which racism only once dreamed. Together, abortionists are destroying humanity at large and the black community in particular.”

          – Alveda King

          • xander cross

            “White people are destroying the country by sending the jobs to china and destroying the value of the dollar and yet, you have poor white people that continue to vote and support planned parenthood and fund it”

            -Xander Cross

          • GSOB

            1 vote per person.

            What does one vote represent?
            at best…
            the person who voted.

            Ask yourself…
            why do you all white people as the problem?
            Is that not a form of the racism you despise?

            Your reasoning is in loop mode.
            You need a campaign manager.

            Jesus Christ is the way, the truth and the life…

    • Malcolm Reynolds

      So uhhh, democrats insist on importing millions of no education illegals that either take jobs from people like you or push down the wages people like you are able to make. Why do you vote democrat?

      • xander cross

        White people sent the jobs to china. Remember that.

        • Malcolm Reynolds

          I didn’t think so.

          Democrats sold yours to illegals. Remember that while you’re on the plantation, loon.

          • xander cross

            White people sent the jobs to china. White people also sold yours to illegals. Remember that while you’re on the plantation.

          • Malcolm Reynolds

            sorry nuttybags, I’m not on your plantation. I earn my money. Remember, you’re a low info nutbag racist.

          • xander cross

            Oh, you earn that money from those drug deals that you make. Remember, you’re a low info racist. Please, stop using that crystal meth.

          • GSOB

            “I’m the one that has to die when it’s time for me to die, so let me live my life, the way I want to.”

            – Jimi Hendrix

          • xander cross

            “I am the one that has to stand up against white people destroying america”

            -Xander Cross

          • GSOB

            What are them planks in your platform that you stand on?

            Clearly,… you choose to deny Christ, and espouse ‘toxic’ racism – a fallout as the means to unwittingly fuel racism.

            The great equalizer of us all is death and judgment.

            What did you do with the Son?

        • nosferatukakamono

          you are a racist, don’t forget that

      • K2

        Republicans do that malcolm, support illegal immigration….to push down local wages. Democrats do it, to get more voters.

        • Malcolm Reynolds

          Who exactly is driving illegal immigration?

          • K2

            The right believes the left is driving illegal immigration and the left believes the right is doing it from behind the scenes. So while one side has been more visible in its support, both have have been responsible.

            And the reasons for it, i mentioned in the previous comment of mine.

          • Gay Veteran

            have to agree. NO differences between the 2 parties, just 2 sides of the same coin

          • Gay Veteran

            the “left” and the “right” want illegal immigration.
            oh, but I forgot, it’s ALWAYS the fault of the “left” with you

          • Malcolm Reynolds

            Show me the activists on the right.

          • Gay Veteran

            riiiiiiight, no activists on the right. no Tea Party activists?
            drudge? don’t read it

          • Malcolm Reynolds

            Tea Party activists FOR illegal immigration? lol, You can’t possibly be serious.

            So no, you got none of it. I didn’t think so. You’re just wrong as usual and think you have something to say.

            Go back to sleep, you’ll add 10 points to your IQ and sound a lot smarter.

          • Gay Veteran

            uh, you do understand that the big business “right” likes illegal immigration just as much as the “left”?

          • Malcolm Reynolds

            so that’s a no.

    • davidmpark

      Whatever.

    • K2

      People here criticise obama not because he is black or halfblack, but because he is the president.

  • Richard Fontaine

    Well the other main reason they low ball inflation is that it makes it possible for Big Government (aka the world’s largest borrower) to pay much, much less than is reasonable to borrow money. Think about it, and of course that isn’t accidental. And to compound that thievery remember all those taxes on capital gains you pay? Well the reason your house has gone up over the last thirty years, and stocks as well etc…is not unrelated to the value of the dollar going down. It is in fact mainly the value of the dollar going down (i.e the definition of prices going up aka inflation) that makes it look like your gold, your house, your stocks are “appreciating”. And of course our Big Government betters are taxing us on every dime of that “appreciation”.

  • Jimbo

    I keep a simple spreadsheet that I use to track my family finances. My own experience is that inflation has been around 10% since 2003 when I started the spreadsheet. Some things have gone down in price (TV’s, computers and cell phones), but these are things that I don’t buy very often.
    Of course we are being lied to.

    • Drud

      Obviously. We do the same thing, Jimbo. Three years ago $300 went to groceries and we had a couple dollars left over. Today $400 and we are ALWAYS short. Unfortunately, this type of math is way over the head of your average PhD economist and nobody that works at high levels of government have seen the inside of a grocery store in decades.

  • Mr.Awakeandaware

    That’s fine let them keep manipulating all this, and I’ll keep stacking metals, food, water, ammo and guns as long as possible. It’s the only positive I can make out of all that they’re doing.

  • DJohn1

    For years, government has gotten away with the most ridiculous lies known to man.
    I have a basic idea. If we catch these people in lies to the public, then hold recall elections.
    I say if we catch any of them in three different lies then they need to be fired. Make it easier to fire them.
    Take away the franchise that only allows Democrats or Republicans to be elected at the local levels. Now that would really stir the pot.
    Open it up to everyone.
    It would never work of course. But just imagine catching the President in 3 different lies and recalling him from office on that basis.

  • DJohn1

    The reason the government is distorting the true is that if COLA was to tell the truth, they would owe all the Social Security retirees about 10% this year.
    Instead they gave us about a $6 raise a week over a 52 week year.
    The entire idea behind COLA in Social Security checks was to push more money back into circulation. As long as people lie about it, no law is going to work the way it was supposed to.
    The crime here is lying.

    • DJohn1

      We will remember in November all the lies that have been told.

      • I will remember, but the bigger question is will there be anyone to vote for that isn’t going to Washington for the money.

    • Hammerstrike

      You may look up for price increases over 3 months periods, for example between March and June, June and September.

  • Kim

    File this with the Clintons are dead broke and not that well off, Mitt Romney is unemployed, the Obamas struggle with child care and Chelsey whatever her name is doesn’t care about money…and all the other lies. Judge Judy says if it doesn’t make sense it’s not the truth. None of the government’s economic numbers make sense.

    Who do these people and government agencies think they’re fooling?

    • Tim

      Yeah, Mitt Romney is unemployed. He’s only worth, what, $250 million? Poor guy. I hope he doesn’t starve.

    • 1G25

      The 53 % of the populace that voted, and will continue to vote, Democrat.

  • old fart

    I believe if the Tooth Fairy as she is the only thing that the US government has not had a hand in, All else if it comes out of their mouth is a lie or a feel good propaganda.

    • Drud

      That’s what we need: A Tooth Tax. Let’s get a cut of all that Tooth fairy money.

  • Mudpie

    Bad stuff. Very bad.

  • The best I can say is “I hope everyone here is TRULY preparing not only themselves but their family members (that are willing to listen) as well” for what has to come. I call it the 5 B’s
    1. Beans
    2. Band-Aids
    3. Bullets
    4. Bullion
    5. But-wipe
    These things can only carry short-term, the long term is those items above with a non-GMO seed supply.

    • wally

      you better add Water to that list. No water and you die in 3 days.

      • I live in Western Washington, Kind of not a worry up here in the Pacific Northwest, it rains more here than most people would believe!

    • Malcolm Reynolds

      Brew?
      That’s important enough to have it’s own B too. Both the golden and black varieties.

      • LOL!!
        I guess I forgot about that one!!
        But your Idea has a lot of merit!
        I will think on that one……..ok, adding a 6th B and it is BREW!!

        • nosferatukakamono

          how about boobs?

        • GSOB

          B – Bible (7th)

          Basic Instructions Before
          Leaving Earth

          • xander cross

            I don’t worship the slave masters religion.

  • wally

    The problem is only 3-5% of the country have a clue of the real evil going on. The Government doesn’t have to fool you and I they just have to fool the majority.

    • nosferatukakamono

      gary must be part of the other group

  • steve

    I just do not see how this ends without a major war. After the major war there will probably be a new monetary/economic system implemented. Hope we win!

    • 1G25

      If you have gold and silver, you will win.

  • Kimo

    Starbucks just raised their prices by 10%.

  • Jason7189

    It’ll get much worse, set your house in order Financially and more importantly, Spiritually.

    Revelation 6:6 “Then I heard what sounded like a voice among the four living creatures, saying, “Two pounds of wheat for a day’s wages, and six pounds of barley for a day’s wages, and do not damage the oil and the wine!”

    Something major is on the way, resulting in unbelievable inflation. I’m not a doomsday kind of person, just putting the current economic situation and Bible Prophecies together.

    • GSOB

      The “Revelation” has been fulfilled,
      (the most part.. but still many Jews to be converted, Christ to return and the final judgment… )

      The great tribulation has come and gone.
      and Christianity is the New Jerusalem.

      We are in the “thousand year” now.

      The future lies in our seeking God’s Kingdom because only the Kingdom of God can function as a purpose big enough for a nation and yet small enough to be the purpose of a child’s obedience.

      We want to live and work with a Kingdom driven focus.

  • alan

    From the top to the bottom everyone has some little investment, house, savings, food, they want to hold on to. The players scamers at the top have more to loose. No one wants the music to stop and will resist any collapse. Its human nature to resist the unknown. If the bankers and media play it right, it will be the American thing to do to donate some of your savings, 401k, tax returns etc. to save America! As things get worse the more desperate measures we will see. The longer this is put off the harder it will hit out of the blue.
    Best thing we can do is to really start thinking about using silver /gold for trade or how we are going to transition to something else when this train leaves the tracks.

  • Dale A.

    Haven’t believed the CPI and PPI for years for damn good reason.

  • JailBanksters

    But we all know Foreign Exchange Rates are rigged, Interest rates are rigged, stock market is rigged, precious metals are rigged, employment numbers are rigged, inflation numbers are rigged, so why wouldn’t the economic figures be rigged. Even wars are rigged and elections are rigged.

    This is the new norm, where everything is controlled and nothing is real anymore. And most of the food in the supermarket is not real food, it’s just stuff made in a Lab to look like food.

  • Jimbo

    Here are a few lies from the UK economy.

    Lie, The UK economy is booming with expected growth of 3% this year.
    Truth. The UK’s population has officially grown by 5% since 2008 yet GDP is only up by 0.5% in the same timespan. Therefore, GDP per capita is actually down. Also, the national debt has more than doubled in the same period.

    Lie. UK economic growth is being led by “the march of the makers” which is a favoured catchphrase of prime minister David Cameron when referring to the manufacturing boom that is supposed to be occurring in the UK.
    Truth. UK manufacturing is 7.5% lower as a percentage of GDP compared to 2008. The main new growth in this sector is in the manufacture of building materials for residential construction. This new construction is being fueled by government incentives for homebuyers paid for with deficit spending.

    Lie. The UK government is in control of its finances.
    Truth. In spite of so called austerity measures and a much championed economic recovery, the UK government is borrowing more year on year than it did last year.

    Lie. The UK is in a booming economic recovery.
    Truth. The UK is in terminal decline with recent questionable economic growth being fueled by out of control deficit spending.

  • Jimbo

    I just read this in the London Daily Mail.

    The Confederation for British Industry (CBI) claims that slow retail sales this month (June) are being driven by Englands early exit from the World Cup. They reason that depressed soccer fans are not spending as much??

    Last year, they claimed that June retail sales were down because everyone was staying at home to watch Brit tennis star Andy Murray win Wimbledon.

    I don’t know which is worse. Expecting us to actually believe this rubbish or the fact that some people really will believe it?

  • energizedmortal

    I can’t complain about the fact that I live in a country where the leadership is willing to eliminate anything that threatens their sovereignty. We’re talking about a leadership that already nuked other people for whatever reason. The economy will crash and there will be war but it is darkest before sunrise.

    • GSOB

      What has kept it all going, fore it should have collapsed long ago?

      The “Weapon”

  • Joe Kleinkamp

    We’ll never know. The third revision will come out along with the first print of Q2 GDP. Following that Q2 will be revised for the first time and Q1 for the fourth along with it. By the time Q2 is undergoing its 4th revision Q3 results will be announced and Q1 forgotten. All financial decisions made based on the previous reports and revisions will, of course, be rejiggered at each step of the whole useless bureaucratic exercise in legerdemain.

  • Firstgarden

    Perfidious louts!
    Antinomian scoundrel!

  • Joan Shoan

    Our government is a VIRUS !!!

  • MichaelfromTheEconomicCollapse

    This very funny video reminded me of some of the debates that have happened following some of my articles…

    http://themostimportantnews.com/archives/the-internet-arguer

  • nosferatukakamono

    UK is turning muslim, excellent! they are slitting their own throats

  • nosferatukakamono

    @liberalsareexcrement: bwahaaaaaaaaaaaaaaaaaaaaaaaa

  • nosferatukakamono

    -2.9%

  • TtT Engine

    Michael, The total world debt is I’m guessing, what a couple quadrillion ? Total U.S. long-term unfunded liabilities is $130 trillion. C’mon man, we’ve been on monopoly money for quite a while already. Let’s face reality already. The Oligarchs/ruling class get the monopoly money. We crawl on our bellies with the old fashion dollar/old fashion rules. The fix is in. All the numbers are cooked. OB’s entire election and presidency is cooked. Ok, at least I understand it now. Maybe no “economic collapse”, just new world order my good man. Pray that God may spare the faithful. Christi Fidelis !

  • chilller

    I’d believe John Williams any day over gubermint stats blared over their state run MEDIA = Making Everyone’s Daily Information Ambiguous.

  • Gay Veteran

    not really, politicians spend millions that the top 0.1% give them. just “campaign contributions”, you know, not bribes and pay-offs /sarc/

  • TimeHasCome

    When the government lied to the people of Great Britain in the 1970s the people changed the name of Consumer Price Index to Comedy Price Index.
    If you want to watch inflation our nation has 40,000 dollar stores . They employ more people than General Motors . When they close in rapid succession you know the inflation monster has been loosed.

  • squashpants

    Michael, thanks for keeping us informed, and especially for keeping me motivated. I continue to make rather slow but measured progress in my prepping. And I look to your site (and others) for the reminder that something is going to happen and I need to be ready for it.

  • Undecider

    They don’t stop with economic numbers. They manipulate ALL the numbers. From climate change to vaccinations, all doctored information.

  • RealityCheck

    Hogwash! Government does not lie. Because they told me so.

  • fool me twice

    Its really simple the western industrial economy is ending. The fed and our elected buffoons are just telling us lie after lie to brainwash us and hope we do not notice the facts. The facts are
    Social security benefits are actually reduced every year due the real inflation numbers as compared to the gov’s pixie dust reports
    Jobs that are available to the few of us still working are getting low pay, no benefits and no security or health benefits etc. not to mention the defined pension plans are something in a 1950s movie.
    So combine the robbery of money owed to citizens and investors in bonds due the false inflation numbers and the failing job wage environment and you get recession and depression and this will not end. We are all going down the tubes rich and poor alike. This is just a slowdown in the perception of what is really happening the end of western economies and the prosperity they had all because of cheap oil.
    Everyone claims the bust was caused by the overinflated housing market and bad sub prime loans. Just another lie by the robbers in chief. The economy collapsed because gasoline went to 4.50 plus a gallon and its effect on our economy that was drastic was noted by the banks who quickly refused to loan money anymore thus the crash and here we are now 9 years later 4trillion borrowed to give to banks to reward them for crashing the economy and the average joe shut out of the system.
    The banks could see the effect of high oil prices and knew it would end our way of life so they just refused to finance it any longer. We are still in the crapper and now oil is rising again and soon we will have another great recession and this time it will be 100 times worse than the last one we will never recover

  • Hammerstrike

    Test.

    • rushLIMBAUGHurinatesONliberals

      YES

      • Hammerstrike

        I agree with Rush Limbaugh´s treatement of liberals!

  • Orange Jean

    I wonder what it would look like if the Civilian Employment Participation Ratio chart was superimposed on the “Global Warming” hockey stick chart? Perhaps you could then argue that “Global Warming/Climate Change” was “caused” by a drop in employment participation. Makes about as much sense as anything I’ve read yet on the climate business.

  • Red Rottweiler

    Get real, every thing is being manipulated, including your weak cerebral cortex.The lights are flickering already. The Titanic is taking on water. The writing is on the wall. Trouble is that most of you have already been drugged up by your fast food diet, water, and subliminal TV programs, phony news, and comic books. Basically you are toast and those pulling the strings attached to you scrotums know how to make you dance. For some, who read and are proactive there might be a chance. All the political and economic indicators point to the inevitable conclusion that sooner, not later the S will HTF. If you’re intelligent enough to understand the acronym you have the possibility of mitigating the nasty circumstances your politicians have created. The citizens voted these mentally disturbed beings into office and are partially responsible for the deadly mess they are faced with. Now you want to know how to survive. Or maybe your head is still deeply stuck up your own ignoble orifice, and you actually think that Uncle Sam is going to be there to change your pants when the SHTF. No, no, when you find yourself starving you’re going to need uncle spam not Sam, and much more. Get a manual written by a Russian who survived the implosion of the Soviet Union. This is written for Americans who are about ready to be left up the river without a paddle. Believe me, this is cheap or free at AMAZON, it’s called Yankee Anti-Zombie Survival Manual, it gets right down to facts, 101 rules to save your self and family. This Russian has seen and smelled TSHTF in his own country. Only experience can be transferred. Read and survive.

  • Rouge River

    Manipulated, like this site.

  • toadsticker

    I’m trying to figure out John Williams chart that shows that GDP has been in continual decline since 2005. Is he saying that if we just had a 3% drop this last quarter and then next quarter we have a 1% drop when they put it on a graph they don’t mark it as a continuing decline, but mark it on the graph as an upward movement or an improvement from the previous quarter? Then they extrapolate that so-called improvement on the chart through four quarters and call it positive growth in the GDP. Am I reading this right? Is this how the government manipulates the numbers for the GDP?

  • Bill

    Open again?

  • shonji

    The larger question on my mind is, what does the national news media stand to gain by not focusing attention on the fakocracy that our ruling class has constructed?

    Though fact, my highly educated colleagues believe any such talk of federal agencies manipulating economic numbers is the domain of fringe crazies.

    Edward Bernays’ impact on Western political norms and practices is truly monumental.

  • rushLIMBAUGHurinatesONliberals

    edit to add: gary is a lesbian

  • Brother Tim

    John Williams is the man, when all said and done we should put his face on the bill boards so every one can see who been telling the truth for years. He has been warning about the fake number and about inflation. He said we will start to see the beginning of hyperinflation this year. And its happening prices of all the things we need are really starting rise in prices. This is why we will be going to war soon so they can hide behind the truth and this is people will be screaming soon about inflation.

  • Arthur Wholeflaffers

    Prosperity is just around the corner.

  • pattilderrick

    Josiah . although Jacqueline `s stori is surprising,
    last week I bought themselves a Chrysler from having made $5060 thiss month
    and-in excess of, 10/k last-month . it’s realy the easiest-work I have ever done
    . I started this 4 months ago and pretty much straight away was bringin in at
    least $78 per-hour . why not look here C­a­s­h­f­i­g­.­C­O­M­

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