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On January 9, the US government told Americans that the unemployment rate had fallen to a comforting 5.6 percent, an indication that the Federal Reserve’s policy of Quantitative Easing was successful in restoring the US economy...
...the 5.6 percent unemployment rate (U.3) does not include unemployed people who have not looked for a job in the previous four weeks. These unemployed are called “discouraged workers.” If they have been discouraged for less than one year, they are counted in a seldom-reported measure of unemployment (U.6). This rate stands at 11.2 percent
The story worsens. The 11.2 percent rate does not include the millions of unemployed long-term discouraged workers (those discouraged for more than one year). Prior to 1994, the US Bureau of Labor Statistics counted the long-term discouraged as unemployed, and the government of Canada still does. John Williams (shadowstats.com) continues to include the long-term discouraged. When the long- term discouraged are added to the U.6 measure, the rate of unemployment again doubles, to 23 percent.
The government engages in similar deception with the inflation rate. If the price of an item in the index rises, a lower-priced item is substituted, thus eliminating inflation by substitution. Inflation also is eliminated by redefining a price rise as a quality improvement.
To protect the dollar from declining in value due to its overproduction, the Federal Reserve’s bullion bank agents drive down the price of gold and silver by dumping uncovered shorts in the futures market. Since 2011, we have had the extraordinary situation in which the prices of gold and silver have been driven down despite strong demand and constraints on supply — a result that can be achieved only by manipulation in the futures market.
The dollar’s value also is manipulated by foreign central banks in cooperation with Washington. The Japanese and European central banks print yen and euros to protect the dollar’s exchange value. If all major currencies also are being printed, the dollar cannot decline.
There were no weapons of mass destruction in Iraq. Assad did not use chemical weapons in Syria. Gaddafi did not issue Viagra to his troops to assist in the rape of Libyan women. Iran does not have a nuclear- weapons program.
The most extraordinary aspect of the Charlie Hebdo event is that the French cartoonists are being championed in the name of free speech. Yet the Anglo-American world does not have free speech. Free speech, if it involves criticism or exposure of the government, is being redefined as “domestic extremism.” Criticism of Washington now implies that the critic is hostile to the public, a possible extremist who must be deterred before he inflicts harm on innocents. As Glenn Greenwald noted, try satirizing Israelis in the manner that Charlie Hebdo satirized Muslims, and you will find out how little free speech there is.
Moreover, when the state fails to invest in key resources, this creates opportunity costs with respect to "socially necessary" or world competitive infrastructure investments. These costs are evident in depleted infrastructure, reduced spending on education, failure to develop massive investments in alternative energy and transit systems, and outbreaks of violence (such as riots) caused by uneven development
originally posted by: FamCore
a reply to: Dabrazzo
With the way things are looking, we may just be able to have a not "profitable" war, right around the corner. Profitable for a very limited number of people of course...
The rest of us are here to put in the blood, sweat, and tears required to "create" THEIR profits. Sickening... appalling.