January 10, 2011

The US definition of Economic Recovery



As the mainstream press and politicians, talking heads, economists and bureaucrats around the World laud the positive signs that indicate without any doubt, that the US economy is in recovery, Secretary Timothy Geithner is quietly begging for more money to keep his Ponzi Scheme alive. The letter is dated January 6, 2011 and addressed to the Senate. It is linked here with an extract below. 



What recovery? The US GDP is overstated 30%, unemployment ~26%, Food-stamps for 47 million people, foreclosure-gate, Muni's are near worthless in an environment where ~!% hold 96% of the nation's  wealth, house prices dumping, banks collapsing, losing more wars, and just a total state of desperation, frustration and growing illnesses. A Nation in "extremis". The greatest Constitutional Republic in written history that has degenerated and devolved into a state of crasse  lawlessness.

The Secrets and Lies of the Bailouts: Read it Here
By
MATT TAIBBI
JANUARY 4, 2013

"As you know, in February of 2010 Congress passed legislation to increase the debt limit to $14.29 trillion. As of this writing, the outstanding debt that is subject to the limit stands at $13.95 trillion, leaving approximately $335 billion of “headroom” beneath the current limit. Because of the inherent uncertainty associated with tax receipts and refunds during the spring tax filing season, as well as other variable factors, it is not possible at this point to predict with precision the date by which the debt limit will be reached. However, the Treasury Department now estimates that the debt limit will be reached as early as March 31, 2011, and most likely sometime between that date and May 16, 2011. This estimate is subject to change depending on the performance of the economy, government receipts, and other factors. This means it is necessary for Congress to act by the end of the first quarter of 2011."

The truth is that the USA will be seen - even by the most gullible and delusional, to be in a final state of socio-economic collapse by mid-summer 2011, a fact that was seen as most-obvious by myself and a few others in 2006. America has become a Nation that avoids the reality of truth, a priori, a fact validated by official surveys, while cowardly imposing the maintenance of the unofficial recursive Policy, that is, the status quo for its ruling elites onto its citizens. In other words, that is to say that commerce and free enterprise has become a risk-free venture by the transfer of risk to the taxpayers ad infinitum. It is the innate and essential socio-economic structure of the US that has been destroyed and this cancerous disease is now rapidly spreading through the World while those of office appear to be unaware of the precarious nature of the looming Dark Age that descends upon them while they continue to loot the system. 


Awareness and sentience are human characteristics and to those that cultivate these attributes, the tools of opportunity, to them - belongs the future.

We have a choice: either be-come a Heretic and believe nothing until validated beyond any doubt or do nothing and allow the imposition of massive human suffering as the destiny for your children, and their children's children.


“… the GDP of the United States is actually 30% lower than the official figures and, therefore, the ratio of public debt/ US GDP in 2009 was 113% and not 83% (1) will cause (because for our team it is a reality that will become obvious during 2011). The difference is simply due to the fact that between 2007 and 2009, the United States took on board more than 4 trillion USD of extra debt for an increase of only just over 200 billion USD in three years (2).” GEAB No.50

Courtesy of Shadowstats.com:



Solving the riddle: There are two Prime issues now at stake which are resolving the out-of-control spiraling nosedive and developing a new global economic, fiscal, financial and monetary system that 1. cannot be easily manipulated by political looting, 2. satisfies the freedom for all men to become profit centers (ephemeralization), 3. is founded on an "economic theory" that satisfies scientific principles, 4. permits the dreams of men to soar as birds and, 5. disallows the feeding off the public purse and carrying the full risk of officially sanctioned commercial concerns. Naturally, this demands that the banking system be totally restructured but I will post on this vital component at a future time, but enough be it said for the moment, that the problems of this day and the immediate future, emanate from both the usury system of fiat distribution and the sycophantic relationships that exists always between banker and politician.

"When people talk about banksters this is what they mean – lying with impunity is not only not problematic, it is critical to career advancement and company “success”." Tom Adams


"Roughly speaking, the mess we are in is the worst since 17th century financial collapse. Comparisons with the 1930’s are ludicrous. We’ve gone far beyond that. And, alas, the courage & political will to recognize the mess & act wisely to reverse gears, is absent in U.S. leadership, where the problems were hatched & where the rot is by far the deepest." International Harry Schultz Letter


Update April 06, 2011

3 comments:

Anonymous said...

pjb,
this gdp stuff makes me wonder. you see in the
media the exposition of fraud and failing securities, the need for massive bailouts to
cope with inflated costs of doing business, fraudulent speculation and then ....
tremendous bonuses. few make the connection that the creation of the financial nightmare, the business of it, is a large part of the reported gdp, so, not only is the gdp overstated but a larger and larger portion of it is actually causing economic failure and systemic ruination with a global
reach ing. not to mention it is stated in
what is increasingly an unknown variable. (gdp) in federal reserve notes. and the "value" of the notes is a function of the
calculated gdp ! seems like a sylogistic fallacy to begin with. or total bullshit.
.
http://www.youtube.com/watch?v=8s3DHa3QfCU&feature=related
Ken Kesey talks about Neal Cassady
.
aaaaaaaaaaaaaaauuuuuuuuuuuuuuuuuuu hmm ?
blindman.

Anonymous said...

http://www.ted.com/talks/jill_bolte_taylor_s_powerful_stroke_of_insight.html
.
http://www.zerohedge.com/article/humpty-blankfein
.

PeterJB said...

@blindman
'To get control one must lose control'
The amount of real data being exposed to the public by bloggers - contextually - is revealing the total incompetence of "leadership" across the board. This is good as the shortcomings of the socio-economic practices and the state of capture of the regulators are stimulating thought in important areas. Or, IOW, the failure of the system - for the governed - is being revealed as ISIS lifts her veils, while the rape of the system by the opportunistic is becoming very clear. However, Steve Keen after visiting and speaking at an economic conference in the US observes that "they just don't get it'.
Governance has become a very crude recursive milking of the system by "Policy" administered by a similar feathered grouping of irresponsible louts. The US pursuit of Assange is a sure sign that the US has lost it completely. FYI I have decided to begin blogging again on a regular basis essentially on matters socio-economic. Happy New Year

About Me

My photo
Australia
I am now considered too old to be of further threat but I have survived three institutional attempts to prematurely end my life during my career. The current Global Systemic Collapse (GSC), better described as a 'global leadership collapse' (GLC), is a socio-economic phase-transition brought about by the total failure of global "leadership", to find even the most basic of foresight and compassionate sensitivities to balance the imbalances and injustices that they have wrought on the World. Governments' are now attempting to create an exclusive risk-free corporate environment. This delusional ideology of pure insanity, cannot sustain. This sought "risk-free' corporate banking environment is to be achieved by transferring all risk and all financial losses to the tax-payers (“Main Street”) while maintaining a highly secretive cabal of global elites and ruling politician and bankers. The simple truth is that our "Economic Theory" is a fatally flawed, faith-based farce, and "leadership" do not have the necessary intelligence nor intellect to confront the issues du jour. There are now only Heretics and Fools, but, there is always a “choice”.