Did A Tap On The Shoulder “Prevent” The US Economy From Sliding Into Recession?

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Posted on 2nd May 2015 by Administrator in Economy |Politics |Social Issues

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Tyler Durden's picture

The US Ministry of Truth has been hard at work the last month and nowhere is that more evident than in the blatant “tap on the shoulder” that The National Association of Credit Managers must have got this week… to revise their catastrophic indicators back to ‘stable’…

 

Two weeks ago we highlighted what was a stunningly clear indication of the looming recessionary environment (that The Atlanta Fed is now also seemingly suggesting and is consistent with the worst collapse in macro data since 2008). The largest spike in ‘credit application rejections’ indicated a credit crunch and “serious financial stress manifesting in the data and this does not bode well for the growth of the economy going forward.”

According to the CMI, the Rejections of Credit Applications index just crashed the most ever, surpassing even the credit crunch at the peak of the Lehman crisis.

 

This can be seen on the chart below.

 

 

 

And without any new credit entering the economy, a recession is all but assured.

More details on what may be the most critical and completely underreported indicator for the US economy. The report continues, with such a dire narrative that one wonders how it passed through the US Ministry of Truth’s propaganda meter:

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The Limits of Propaganda

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Posted on 28th April 2015 by Administrator in Economy |Politics |Social Issues

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Guest Post by Dmitry Orlov

John Breed

As Paul Craig Roberts has recently reported, the US government is in the process of launching an all-out war on truth. Those who express views contrary to the party line out of Washington will be labeled a threat. Eventually they may find themselves carted to one of the concentration camps which Halliberton (Dick Cheney’s old company) has constructed for $385 million. But that may take a while. In the meantime, we can expect lots of other, less dramatic developments. Indeed, some of these are already happening. Here they are, listed in order of severity.

1. Self-censorship. Those who have previously tried to get the truth out no matter what become more reticent and prone to equivocation when reporting on “hot” issues.

2. Topic-avoidance. They start avoiding certain “hot” issues that they feel are most likely to get them into trouble.

3. Response to harassment. A few incidents of mild official harassment cause certain blogs to start watering down their content, or pulling down content in response to harassment.

4. Blacklisting. The officials start censoring content on a case-by-case basis, blocking or shutting down certain internet sites that they consider seditious.

5. Blocking communications. The officials start dealing with the “hard cases” of uncooperative individuals who remain, shutting down their communications by disabling their cell phones, shutting down internet access, and by imposing travel restrictions so that the “hard cases” are forced to remain in places where they can be watched.

6. Detention. Those found to be truly uncooperative, who try to circumvent the restrictions, are rounded up and shipped off to the above-mentioned camps.

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Truth Is Washington’s Enemy

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Posted on 22nd April 2015 by Administrator in Economy |Politics |Social Issues

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Guest Post by Paul Craig Roberts

US Representative Ed Royce (R, CA) is busy at work destroying the possibility of truth being spoken in the US. On April 15 at a hearing before the House Committee on Foreign Affairs of which Royce is chairman, Royce made use of two minor presstitutes to help him redefine all who take exception to Washington’s lies as “threats” who belong to a deranged pro-Russian propaganda cult. http://www.prisonplanet.com/bloggers-compared-to-isis-during-congressional-hearing.html

Washington’s problem is that whereas Washington controls the print and TV media in the US and its vassal states in Europe, Canada, Australia, Ukraine, and Japan, Washington does not control Internet sites, such as this one, or media, such as RT, of non-vassal states. Consequently, Washington’s lies are subject to challenge, and as people lose confidence in Western print and TV media because of the propaganda content, Washington’s agendas, which depend on lies, are experiencing rougher sledding.

Truth is bubbling up through Washington’s propaganda. Confronted with the possibility of a loss of control over every explanation, Hillary Clinton, Ed Royce, and the rest are suddenly complaining that Washington is “losing the information war.” Huge sums of taxpayers’ hard earned money will now be used to combat the truth with lies.

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TRUTH – THE CURE FOR COGNITIVE DISSONANCE

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Posted on 12th April 2015 by Administrator in Economy |Politics |Social Issues

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“In a time of deceit telling the truth is a revolutionary act.” George Orwell

Every time the BLS puts out their monthly propaganda report on the wonderful state of the U.S. jobs market and states with a straight face the unemployment rate is a measly 5.5%, their corporate mouthpieces in the mainstream cheerleader media regurgitate the fake numbers and urge you to buy stocks. The millionaire talking heads on CNBC and the corrupt bought off politicians in D.C. make broad sweeping declarations about economic recovery, strong job growth, GDP advancement, record highs in the stock market, and soaring consumer confidence.

The people living in the real world know otherwise, but they want to believe the “experts” and “leaders”. This dichotomy between reality and what they are being told is causing a tremendous amount of mental stress. This cognitive dissonance of attempting to reconcile what they are experiencing in their every day existence and the propaganda being peddled at them on a daily basis from big media, big bankers, corporate titans, and captured politicians pulling the strings and running the show, is causing psychological discomfort. Most people want their lives to get better, so to reduce their cognitive dissonance they choose to believe the government and media reports about economic improvement.

It is only a small minority who want to know the unvarnished truth. They are drawn to alternative media websites, which the the captured corporate media refers to as doom sites. These critical thinking individuals understand the facts. The Deep State propaganda has no impact on these people because they have no cognitive dissonance. They know things are far worse than what is reported by the government and their media whores. Knowing the truth and seeing how the majority remain willfully ignorant results in rising anger among truth seekers. Huxley was right.

“You shall know the truth and the truth shall make you mad.” Aldous Huxley

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CUTEST ISIS VIDEOS EVER!!!

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Posted on 22nd March 2015 by Administrator in Economy |Politics |Social Issues

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They are learning from the American mainstream media. Propaganda works.

Islamic State is known for the horrors and atrocities it commits in the Middle East and beyond – but now the jihadists are trying to improve their image. The militants have been stepping up their online propaganda – posting pictures of fighters playing with cute cats and dogs or holding beautiful flowers

Secrets revealed of how Israel manipulates U.S. public opinion

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Posted on 20th March 2015 by Administrator in Economy |Politics |Social Issues

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Schedule military attacks when the media is distracted by other things

Reuters
An Israeli air strike in Gaza.

One of the Israeli government’s secrets to manipulating the American media has been revealed for the first time by new research.

Israel habitually launches its most unpopular and, sometimes, deadly attacks against Palestinians in the West Bank and Gaza to coincide with big news events here in the U.S., so that they don’t get too much public attention, according to the study.

The news management is so sophisticated that the Israeli government is especially good about avoiding damaging “follow-up” or “day two” stories about its attacks — stories most likely to include awkward human interest details about the casualties and their families.

So finds a study conducted by Ruben Durante, professor at Sciences Po in Paris, and Ekaterina Zhuravskaya, professor at the Paris School of Economics Read the study: Attack When the World is Not Watching? International Media and the Israeli-Palestinian Conflict.

“We find that Israeli attacks are more likely to occur prior to days with very high news pressure driven by clearly predictable events.”

Ruben Durante and Ekaterina Zhuravskaya

The findings aren’t just useful for those following the news from the Middle East, but are fascinating for students of marketing, manipulation and propaganda everywhere — from politics to business.

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CNN Is Beating the Drums of War

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Posted on 16th March 2015 by Administrator in Economy |Politics |Social Issues

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Guest Post by Paul Craig Roberts

President George W. Bush’s national security advisor, Condi Rice, warned Americans that Saddam Hussein’s (nonexistent) weapons of mass destruction could result in a mushroom cloud going up over an American city. No such threat existed. But today a very real threat exists over all American cities, and the national security advisor does not notice.

The threat issues from Washington and arises from the demonization of Russia and its leadership.

Wolf Blitzer (CNN, March 13) used the cover of a news program to broadcast a propaganda performance straight out of the Third Reich or perhaps from George Orwell’s 1984. The orchestration presented Russia as a massive, aggressive military threat. The screen was filled with missiles firing and an assortment of American General Strangeloves urging provocative measures to be deployed against the Russian Threat. Blitzer’s program is part of the orchestrated propaganda campaign whose purpose is to prepare Americans for conflict with Russia.

It was such irresponsible propaganda and so many blatant lies for a media organization to sponsor that it was obvious that CNN and Wolf Blitzer had no fear of being called on the carpet for spreading war fever. The so-called “mainstream media” has been transformed into a Ministry of Propaganda.

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WORDS MATTER – THE PROPAGANDISTS KNOW

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Posted on 14th March 2015 by Administrator in Economy |Politics |Social Issues

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In the age when torture has become “enhanced interrogation techniques”; when the rich are “job creators”; when murdered children are “collateral damage”; it is good to remember these brilliant words from the late, great, George Carlin.


HALLELUJAH!!! – UNEMPLOYMENT PLUNGES DUE TO 354,000 AMERICANS LEAVING THE WOKFORCE

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Posted on 6th March 2015 by Administrator in Economy |Politics |Social Issues

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This shit is almost too funny to read. The Bureau of Lies & Scams (BLS) just issued their seasonally adjusted, excel spreadsheet enhanced, monthly propaganda data for February. They have the balls to report that an economy that is hemorrhaging energy jobs, seeing retailers close stores by the hundreds, has seen manufacturing new orders decline for six straight months, has corporate profits falling, has real median household income sitting at 1989 levels and has seen 80% of all economic reports miss to the downside is creating 295,000 new jobs in the middle of the coldest, snowiest February in years. The BLS uses classic government logic. When in doubt, lie.

Of course, the BLS is still using their excel spreadsheet Birth Death model to add 132,000 phantom jobs into the calculation for all the small business hiring going on out there. It has already been documented that there are more businesses closing than opening in the US. This adjustment is a farce. It is untrue. It is more likely to be negative 132,000, which would eliminate virtually all the new jobs just reported. As usual the household survey reports an entirely different result than the blaring positive headlines in the corporate mainstream media.

A critical thinking person might wonder how the labor participation rate could go even lower (37 year lows) if the unemployment rate just reached a seven year low of 5.5%. The BLS counts on the faux journalists at CNBC and Marketwatch to not think critically. So you need to go elsewhere for some truth. Here it is:

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THIS MIGHT BE A STUPID QUESTION BUT………

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Posted on 4th March 2015 by Administrator in Economy |Politics |Social Issues

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So let me get this straight. The Commerce Department, a Federal Government Agency, reports that health care spending makes up 20.6% of an American family’s annual spending.

The Bureau of Labor Statistics, another Federal Government Agency, reports inflation figures on a monthly basis. They provide a weight to each spending item in their CPI calculation. According to these boobs, medical expenditures only make up 7.716% of an American family’s annual spending. Ain’t that a hoot. The only thing funnier is their contention that medical expenses only went up 2.6% in the last year.

Which government boobs should I believe?

Oh yeah. Their job is to mislead, misinform, confuse, obfuscate, and lie. Don’t believe anything the government peddles. It’s nothing but propaganda, designed to keep you docile while you are fucked seven ways from Sunday.

Share of consumer spending on health care hits another record

Published: Mar 4, 2015 4:10 p.m. ET

 

WASHINGTON (MarketWatch) — The percentage of money U.S. consumers spend on health care rose in 2014 for the third straight year to another record high, according to one government measure.

Some 20.6% of total consumer spending in 2014 was devoted to health care, including prescription and over-the-counter drugs, annual figures from the Commerce Department report on personal expenditures show. That’s up from 20.4% in 2013.

Health-care expenses has been rising for decades regardless of government efforts to control costs. The percentage of consumer spending on health care rose from 15% in 1990, topping 20% for the first time in 2009.

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OUR BLESSED HOMELAND

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Posted on 3rd March 2015 by Administrator in Economy |Politics |Social Issues

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HOW’S THAT DEFLATION WORKING OUT FOR YOU?

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Posted on 2nd March 2015 by Administrator in Economy |Politics |Social Issues

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The BLS put out their monthly CPI lie last week. They issued the proclamation that inflation is dead. Did you know your costs are 0.1% lower than they were one year ago. They then used these deflation numbers to proclaim your real wages soared last month. It’s all good. The American consumer is so flush with cash, they decided to spend less money for the second month in a row. The Wall Street shysters are so happy with declining consumer spending, declining corporate profits, and a global recession, they pushed the NASDAQ up to 5,000 for the first time in 15 years. Hey!!! That was the year 2000. Things really got better after that milestone.

So we know gasoline prices have plummeted in the last year (but are up 20% in the last month), but I’m trying to think of other things I use in my everyday life that have declined in price. Maybe going through the BLS detailed list will jog my memory. Here is the link to their data:

http://www.bls.gov/cpi/cpid1501.pdf

Let’s see how much deflation we’ve experienced in the last year for things we need to live our everyday lives.

Beef and veal  +22.5%

Ground beef  +21.0%

Steaks  +14.9%

Pork  +7.4%

Ham  +11.5%

Whole Chicken  +6.1%

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