Monday, September 7, 2015

Eating the seed corn.

The main economic releases from Washington—the ones that make the headline news: the unemployment rate, payroll jobs, GDP, and the consumer price index—are worthless. The unemployment rate does not include millions of unemployed, the CPI is rigged to undercount inflation, and as inflation is undercounted, real GDP is over-reported. Indeed, in my opinion and that of economic-statistician John Williams of, nominal GDP deflated with a correct measure of inflation shows essentially no growth during the alleged recovery. What the government and financial media call economic growth is essentially price rises or inflation.

* * * *

What is happening to America is that all of the surplus in the system accumulated over decades of success is being used up.[1]

And in the process we are being subjected to base lies about "recovery" and the wisdom of our stimulus-crazed Keynesian central bankers. The icing on the cake applied by the political establishment is layer upon layer of dishonest "statistics."

If you have any belief that the economy, the legal system, the electoral system, our foreign policy, or the immigration fiasco are being managed by grownups and patriots, you have just woken up from a 30-year coma.

[1] "Whither The Economy?" By Paul Craig Roberts, Zero Hedge, 9/5/15.


riptapart said...

We were sold out by white people a long time ago. The saddest thing is how people have been programmed to cheer for and support our own demise. Was there ever a time in history, where the masses were manipulated into believing that becoming a minority, in the societies their ancestors built, means "progress". Our only hope to ever have a great nation in this land again, is for the U.S. to implode, and for white people to start over again.

Col. B. Bunny said...

That's my take on it. Only collapse or a massive miscalculation on the part of the underclass to take anti-white hatred to heart. Even modest cuts in EBT benefits will trigger great unhappiness. Tennessee, I think, had a computer glitch that lasted a day but it caused panic.

I marvel at how impervious to facts the left are. Is there any doubt at all that mass immigration of Muslims and third-world people will result in a crime-ridden, unassimilable hostile lump in any Western society? There is none but, liars aside, there are millions who don't understand this. Not even a scintilla of this.

I often cite Solzhenitsyn's thought that if the West didn't wake up to the realities of the Soviet threat it would encounter the "pitiless crowbar of events." Or, as I also point out regularly, we will soon encounter the truth of Robert Louis Stevenson's, "Everybody, soon or late, sits down to a banquet of consequences." I guess people just do become wedded to a certain view and do not lightly depart from it despite a mountain of contrary evidence. The views of millions appear to be bound up with their emotional armor. To question their views is to take away their armor.

Who knows? Whatever the truth of this, we're well and truly locked in a downhill slide with few signs of an awakening.