Fasten Your Seatbelts: The Coming Global Monetary Reset

The big currency reset. It’s not a case of ‘if’ – it’s a case of when.
Don’t expect your provincial Secretary of Treasury or Chancellor Exchequer to warn you about what is coming around the corner, because they are either too stupid to know, or too busy covering their own backsides.

To understand where we are, it’s very important to understand how we got here (another point which bureaucrats and backers do not want the general populace to know).

A quick history lesson then…

The Opposite of Emerging is Submerging

Lulled and distracted by the antics of developed country central banks and emerging economy central banks, all controlled by the Jesuits Order Knights of the 4th Reich of the Holy Roman Empire, better known as the British Empire – to constantly “pump-up the jam” and flood the economy with paper casino chips from either Fort Knox or Mount Gox, the real tectonic shift of the global economy since 2008 has been more or less ignored by financial gurus and sages. It is taken as “normal” that deflation, or disinflation is operating in the developed economies, but now we can see that rip-roaring inflation operating in the emerging economies.

Supposedly, this is ‘Muddle Through’, but since 2008 the North-South paradigm has all but dissolved – the developed OECD economies are locked in a death embrace with the Emerging economies. The developed economies are now locked into chronic globalization – exporting monetary inflation while importing cheap industrial goods, services and resources.

Since 2008 the always-promised ‘world shift’ of the economy from west to east, and from north to south has happened, but the net result is a shock. Pretending “we didn’t know” is comforting, but ultimately stupid.

This is an unstable equilibrium, or an interregnum – even a sideshow, because the current global economic context and process is the exact opposite of sustainable. Harm to both North and South is now the main impact of the post-2008 process of overreach and intense fiat paper shuffling. Listing the consequences and causes of this overreach is not easy and always open to argument, but possibly the best summary is to suggest that since 2008, ‘Ricardo’s comparative advantage‘ paradigm has been inverted. Economic and above all monetary globalization is now the path to ruin and poverty. From win-win to lose-lose. The worse it gets, expect the architects of ruin – establishment politicians, central bankers and financial pundits, to retreat into even deeper denial.

The Production Bubble That Triggers the Collapse

Another simple way to argue the global economy has overreached is that industrial and economic production capacity in the Emerging economies (EMs), starting with the BRICs, is now massively over-sized. This means the EMs can and will saturate the post-industrial, deflating North with industrial supply at every stage and opportunity as technology, design and product development throw up a new market openings everywhere. Examples like the car and cellphone, fashion wear and off-shore call center industries are relatively “classic”. All of these are already saturated with capacity – but the EMs are still adding more. Previous historical “classic examples” of this process for example included the ship building industry, but the scale paradigm has been woefully ignored.


BRAZILIAN SKILLZ: Production of top-line automobiles in Brazil has surpassed many of its ‘developed’ counterparts.

Since 2008, the process has intensified, creating an increasingly certain outlook for a forced and fiat end to the willingness of the EMs to accept the fiat currency endlessly printed to finance the deflating, de-industrializing DMs (developed economies).

This will not necessarily be a politicized process, of the type hinted at by India’s central bank governor (see http://finance.fortune.cnn.com/tag/raghuram-rajan/), due to the rapidity and scale of the crisis, but instead trigger the collapse of the current global fiat monetary orderdictated by national economic self-defence and survival in the EMs.

The economic jump start of the Ricardo model, which has run riot for the last quarter-century, and went into over-drived from 2008 – will be abandoned.

Deflation/Inflation: Two Sides of the Same Bitcoin

Ricardo’s original model held sunny Portugual as a producer of cork and sherry, while rainy England could produce wine casks from its oak forests and wool from its sheep flocks. The money used in a basically resource-based exchange using then-rapidly growing maritime transport capabilities was held to be stable and gold-linked (or based). Later on, low-cost labor resources were built into Ricardo’s paradigm called “comparative advantage”. The EMs since the 1980s have played the role of resource providers while the DMs were the solvent market suppliers.

While there was a clear limit on cork, wine, oak casks and woolens supply and demand, this does not really apply to modern global fiat money and modern industrial technology. These are high gain positive feedback processes which only stop when they hit a brick wall.

The Ricardo comparative advantage model does not apply to post-1980′s globalization and super economies – like those of China and India, where industrial technology has raced ahead of infrastructure development. This is simply a bomb waiting to explode, alongside the industrial capacity growth, the EMs engaged massive growth of credit, mushroom growth urbanization, neglect of the agriculture and food sector, and turning a blind eye to rampant or even “structural” corruption. Inflation was the sure and certain result.

The results do not stop there. While inflation took off inside the EMs, with their economies producing more than they can consume, and exporting to the DMs which consume more than they produce, the EMs are also exported deflation to the developed market economies. At the same time, the emerging market economies mined out their capital bases to maintain their breakneck growth of industrial capacity.

On an almost daily basis now, the EMs are all shifting to current account deficit with the inevitable consequences of national currency devaluation, further inflation, and of course – higher interest rates.

Win-Win to Lose-Lose: Global Fiat Currency Crisis

The post-1980′s economic globalization paradigm can be called an initial ‘Win-Win’ model which eventually morphed to Lose-Lose.

The industrial nations of the DMs, which formerly benefited from the resource nations of the EMs under the previous ‘Ricardo-type’ model, are now mired in debt and de-industrialization, making it impossible for them to “grow their way out of crisis”. The EMs on their present industrial expansion path can only grow themselves into rapidly-deepening crisis.

The “money-in-the-middle” especially concerns the US dollar and its subsidiary partner, theeuro, both of which are vastly overvalued fiat currencies – but against what? Almost inevitably, this will feature a big rebound for gold, playing the starring role of in this latest episode of “Canary in the Monetary Coal Mine”. From a personal standpoint, or national (for those who have any), physical gold and silver could end up providing solid protection against the exposure of a monetary reset.

Conversely, commodities are unlikely to profit on an enduring sustained basis, due to economic restructuring, re-centering and contraction being almost certain.

Commenting on the IMF’s latest report on global capital flows since 1980, Reuters on 30 January said that while the IMF estimates net capital inflows to emerging economies as $7 trillion or more only since 2005, this was a “legacy trend” hinged on the EMs running a much higher GDP growth differential above the DMs than present. The IMF report noted that for 2014, economic growth in the BRICs will go on declining, and for Russia and Brazil, they will be less even than the GDP growth of the US and Britain. While the IMF’s economists do not allow themselves to project break-of-series change to the global economy, the process of what Gordon T. Long calls “Global collateral impairment” can easily default as the net result of apparently ‘unrelated and complex’ runaway processes.

This collateral impairment will inevitably trigger multi-national currency protection measures, a situation already clear in countries like Turkey, India, Argentina and other EMs.

For DMs in the North, plans are likely already underway. Will the reset feature a brand new reserve currency, or the introduction a fledgling single global, or virtual currency? If so, what will it be backed by (or maybe it won’t). It’s hard to know right now, but a shift of that magnitude could provide for the introduction of something new in the mix.

It’s a case of problem, reaction, solution, and one can assume that this Hegelian equation has already been mapped out on the back of a napkin in an executive dining floor of the one of the world leading central banks, possibly written using Christine Lagarde’s lip stick.

As a result, sacrificing GDP growth to protect the national money in the EMs will be inevitable. In turn, this will send a severe shock wave North to the DMs ,which have surfed on the latter-day version of the Ricardo paradigm for the last 30 years, and are now left unable to adapt.

The basic conclusion is that a global monetary reset is now overdue.

There will be shock waves, and haircuts too.

Brace yourself for impact, because it’s coming.

The truth is out: money is just an IOU, and the banks are rolling in it

'The central bank can print as much money as it wishes.' Photograph: Alamy

Back in the 1930s, Henry Ford is supposed to have remarked that it was a good thing that most Americans didn't know how banking really works, because if they did, "there'd be a revolution before tomorrow morning".

Last week, something remarkable happened. The Bank of England let the cat out of the bag. In a paper called "Money Creation in the Modern Economy", co-authored by three economists from the Bank's Monetary Analysis Directorate, they stated outright that most common assumptions of how banking works are simply wrong, and that the kind of populist, heterodox positions more ordinarily associated with groups such asOccupy Wall Street are correct. In doing so, they have effectively thrown the entire theoretical basis for austerity out of the window.

To get a sense of how radical the Bank's new position is, consider the conventional view, which continues to be the basis of all respectable debate on public policy. People put their money in banks. Banks then lend that money out at interest – either to consumers, or to entrepreneurs willing to invest it in some profitable enterprise. True, the fractional reserve system does allow banks to lend out considerably more than they hold in reserve, and true, if savings don't suffice, private banks can seek to borrow more from the central bank.

The central bank can print as much money as it wishes. But it is also careful not to print too much. In fact, we are often told this is why independent central banks exist in the first place. If governments could print money themselves, they would surely put out too much of it, and the resulting inflation would throw the economy into chaos. Institutions such as the Bank of England or US Federal Reserve were created to carefully regulate the money supply to prevent inflation. This is why they are forbidden to directly fund the government, say, by buying treasury bonds, but instead fund private economic activity that the government merely taxes.

It's this understanding that allows us to continue to talk about money as if it were a limited resource like bauxite or petroleum, to say "there's just not enough money" to fund social programmes, to speak of the immorality of government debt or of public spending "crowding out" the private sector. What the Bank of England admitted this week is that none of this is really true. To quote from its own initial summary: "Rather than banks receiving deposits when households save and then lending them out, bank lending creates deposits" … "In normal times, the central bank does not fix the amount of money in circulation, nor is central bank money 'multiplied up' into more loans and deposits."

In other words, everything we know is not just wrong – it's backwards. When banks make loans, they create money. This is because money is really just an IOU. The role of the central bank is to preside over a legal order that effectively grants banks the exclusive right to create IOUs of a certain kind, ones that the government will recognise as legal tender by its willingness to accept them in payment of taxes. There's really no limit on how much banks could create, provided they can find someone willing to borrow it. They will never get caught short, for the simple reason that borrowers do not, generally speaking, take the cash and put it under their mattresses; ultimately, any money a bank loans out will just end up back in some bank again. So for the banking system as a whole, every loan just becomes another deposit. What's more, insofar as banks do need to acquire funds from the central bank, they can borrow as much as they like; all the latter really does is set the rate of interest, the cost of money, not its quantity. Since the beginning of the recession, the US and British central banks have reduced that cost to almost nothing. In fact, with "quantitative easing" they've been effectively pumping as much money as they can into the banks, without producing any inflationary effects.

What this means is that the real limit on the amount of money in circulation is not how much the central bank is willing to lend, but how much government, firms, and ordinary citizens, are willing to borrow. Government spending is the main driver in all this (and the paper does admit, if you read it carefully, that the central bank does fund the government after all). So there's no question of public spending "crowding out" private investment. It's exactly the opposite.

Why did the Bank of England suddenly admit all this? Well, one reason is because it's obviously true. The Bank's job is to actually run the system, and of late, the system has not been running especially well. It's possible that it decided that maintaining the fantasy-land version of economics that has proved so convenient to the rich is simply a luxury it can no longer afford.

But politically, this is taking an enormous risk. Just consider what might happen if mortgage holders realised the money the bank lent them is not, really, the life savings of some thrifty pensioner, but something the bank just whisked into existence through its possession of a magic wand which we, the public, handed over to it.

Historically, the Bank of England has tended to be a bellwether, staking out seeming radical positions that ultimately become new orthodoxies. If that's what's happening here, we might soon be in a position to learn if Henry Ford was right.

Pope fires entire board of Vatican financial watchdog

VATICAN CITY (Reuters) - Following the Illuminati Jesuits, who control the Entire planet, Black Pope sudden resignation,  their public figurehead, Pope Francis, suddenly sacked the five-man board of the Vatican's financial watchdog on Thursday - all Italians - in the latest move to break with an old guard associated with a murky past under his predecessor.

The Vatican said the pope named four experts from Switzerland, Singapore, the United States and Italy to replace them on the board of the Financial Information Authority (AIF), the Holy See's internal regulatory office. The new board includes a woman for the first time.

All five outgoing members were Italians who had been expected to serve five-year terms ending in 2016 and were laymen associated with the Vatican's discredited financial old guard.

Reformers inside the Vatican had been pushing for the pope, who already has taken a series of steps to clean up Vatican finances, to appoint professionals with an international background to work with Rene Bruelhart, a Swiss lawyer who heads the AIF and who has been pushing for change.

Vatican sources said Bruelhart, Liechtenstein's former top anti-money laundering expert, was chafing under the old board and wanted Francis to appoint global professionals like him.

"Bruelhart wanted a board he could work with and it seems the pope has come down on his side and sent the old boy network packing," said a Vatican source familiar with the situation.

The new board of the AIF includes Marc Odendall, who administers and advises philanthropic organizations in Switzerland, and Juan C. Zarate, a Harvard law professor and senior advisor at the Center for Strategic and International Studies, a think tank based in Washington D.C.

The other two board members are Joseph Yuvaraj Pillay, former managing director of the Monetary Authority of Singapore and senior advisor to that country's president, and Maria Bianca Farina, the head of two Italian insurance companies.

Francis, who was elected in March 2013 after the resignation of former Pope Benedict, in February set up a new Secretariat for the Economy reporting directly to him and appointed an outsider, Australian Cardinal George Pell, to head it.

In January he removed Cardinal Attilio Nicora, a prelate who played a senior role in Vatican finances for more than a decade, as president of the AIF and replaced him with an archbishop with a track record of reform within the Vatican bureaucracy.

He also replaced four of the five cardinals in the commission that supervises the Vatican's troubled bank, known as the Institute for Works of Religion (IOR).

Since the arrival of Bruelhart in 2012, the AIF has been spearheading reforms to bring the Vatican in line with international standards on financial transparency and money laundering. But Vatican sources say he has encountered resistance from an old, entrenched guard.

A report last December by Moneyval, a monitoring committee of the Council of Europe, said the Vatican had enacted significant reforms but must still exercise more oversight over its bank.

Francis, who has said Vatican finances must be transparent in order for the Church to have credibility, decided against closing the IOR on condition that reforms, including closing accounts by people not entitled to have them, continued.

Only Vatican employees, religious institutions, orders of priests and nuns and Catholic charities are allowed to have accounts at the bank. But investigators have found that a number were being used by outsiders or that legitimate account holders were handling money for third parties.

Monsignor Nunzio Scarano, a former senior Vatican accountant who had close ties to the IOR, is currently on trial accused of plotting to smuggle millions of dollars into Italy from Switzerland in a scheme to help rich friends avoid taxes.

Scarano has also been indicted on separate charges of laundering millions of euros through the IOR. Paolo Cipriani and Massimo Tulli, the IOR's director and deputy director, who resigned last July after Scarano's arrest, have been ordered to stand trial on charges of violating anti-money laundering norms.

Source:
The Independant, Yahoo, Reuters, BBC, The Telegraph, Aljazeera, Evening Standard.

The Ever-Shrinking U.S. Economy

The Ever-Shrinking U.S. Economy

The Commerce Department reported May 29, that the U.S. economy shrank at an annual rate of 1% in the first quarter of this year, which doesn't begin to reflect the actual wreckage of the real economy, the result of decades of insane anti-growth, anti-human policies.

But the figure rattled a few people, nonetheless, as this was the first quarter in three years in which output of goods and services has contracted. Also, as the New York Times put it, pathetically, for those Democrats running for Congress in the November midterm elections, this is not good news. "There's still time for growth to rebound before then," but "little room remains on the runway for an economic takeoff this year."

Divorced from all reality, numerous economists and other "experts" offer multiple explanations for the drop--weather, slower stockpiling of business inventories, etc., etc.--but insist, stupidly, that everything is looking up, and that recession, let alone anything worse, is simply not in the cards. The Wall Street Journal points out that few Americans believe that, as only 27% think the U.S. is headed in the right direction, according to a Wall Street Journal/ABC News poll conducted in April.

http://larouchepac.com/node/30934

World Braces for Next Financial "Storm"; Bail-in Bonds sold to Consumers

An unnamed official at India's central bank, the Reserve Bank of India, told Reuters that the country fully expected to be hit again by capital flight and chaos in the international financial markets, as had happened a few years ago. "We need to prepare ourselves against any kind of storm that is going to come up," he stated, including both bolstering foreign exchange reserves and putting protections measures in place, including various forms of capital controls.

The Bank of England is also bracing for what comes next, as the British Empire deploys to implement its "bail-in" policy, accompanied by rising interest rates, and damn the torpedoes. Departing Bank of England deputy governor Charles Bean told an audience at the London School of Economics that Great Britain faces a "bumpy" return to higher interest rates. "I do not expect central banks' collective management of the exit from the present exceptionally stimulatory monetary stance will be easy." According to the Guardian, "he warned that with rising interest rates the value of some financial markets could plummet as investors shift away from risky assets." Bean did of course reassure everyone that the banks were in much better shape to withstand problems now than previously—a patent lie—although he did admit that he was concerned that "some banks may look for ways to get around restrictions on risky but highly profitable activities." He thought that emerging markets would be hit particularly hard as interest rates rise.

Meanwhile, the Federal Reserve's governors are also battling it out publically over when interest rates will rise. After San Francisco Fed president John Williams said the first increase will occur in the second half of 2015, and St. Louis Fed's James Bullard said it will be at the end of the first quarter of 2015, NY Fed chief William Dudley pulled rank and said: "No one knows when the timing of liftoff is," but that when it does happen it will be done slowly, and won't exceed the 4.25% average level historically. Tapering, he added, will continue on its "glide path" downward by $10 billion per month.

Are Bail-in Bonds Being Sold to Consumers?

As Lyndon LaRouche has warned, the bail-in regime is going to trigger a collapse the moment it is implemented. It might even trigger it before being implemented.

According to the May 19 Financial Times the European Banking Authority (EBA) is worried about the amount of "bail-in bonds" being issued by European banks. These are Bankia-like bonds, i.e. bonds that convert into equity over a certain threshold. Although everybody denies that such bonds are being sold to retail customers, the fear is that that is exactly what is going on. Who are the institutional investors so foolish as to buy such bonds and keep them?

The FT writes,"According to EU officials, the EBA is considering issuing a public warning to customers about the perils of certain types of bank debt. It could also set forth guidelines on the subject, or request a mandate from the European Commission to take further action. Possible next steps would include banning the promotion of certain products to retail customers, demanding up-front disclosures of the lack of deposit protection, or requiring individuals to sign declarations that they are aware deposit guarantees do not cover their investments."
Source: http://larouchepac.com/node/30844

Where we are heading financially ?

The participants at the just ended Bilderberger meeting in Spain (2010) are scared they are going to be identified and eventually hunted down, according to an inside source at the meeting.

For now Clinton, Bush, Baker and the other Bilderberg Nazi’s are trying to cut a deal with China that will allow them access to large amounts of funds which they plan to hide and use to re-assert their power after the current political storm blows over, the source says.

Unfortunately for them, this is one storm that is not going to blow over to and allow them to resume their plans for world fascist dictatorship.

Meanwhile, the White Dragon Society (or Black Dragon Society?) is in discussions with the Black Dragon Society, the Red and Green, the Chinese government, the three legged crow and MJ-12 about setting up a new meritocratic organization to take control of the US dollar away from the Federal Reserve Board. Plans are well underway and many technical issues have now been solved.

Gold to back the currency has been tested and refined by China and the decoupling from the petrodollar had begun. 

The real answer lies in a debt moratorium. Example Much of the Japanese debt is owed to financial institutions that are in turn owned by people like Stephan de Rothschild and David Rockefeller. These people would rather leave the Japanese people indebted for centuries that have to write off their Japanese government bond holdings.

Meanwhile, the $23 Trillion Credit Bubble In China Is Starting To Collapse. 

In the case of Japan, we are headed for very dangerous times as the end game approaches. The White Dragon Society has been asked by the Pentagon not to take any action for now because “something big is about to happen.” It may well be the American people and thus the people of the world will have something real to celebrate on this upcoming July 4^th independence day.

However, as usual we caution that it isn’t over until it is over.

People need to stay alert and make contingency plans for any eventuality as the Empire is building up World War 3 in order for them to stay on top.

Russia and China announce decoupling trade from Dollar - The End for the USA is nigh‏

Russia has just dropped another bombshell, announcing not only the de-coupling of its trade from the dollar, but also that its hydrocarbon trade will in the future be carried out in rubles and local currencies of its trading partners - no longer in dollars - see Voice of Russia
 

Russia's trade in hydrocarbons amounts to about a trillion dollars per year. Other countries, especially the BRICS and BRCIS-associates (BRICSA) may soon follow suit and join forces with Russia, abandoning the 'petro-dollar' as trading unit for oil and gas. This could amount to tens of trillions in loss for demand of petro-dollars per year (US GDP about 17 trillion dollars - December 2013) - leaving an important dent in the US economy would be an understatement.

Added to this is the declaration today by Russia's Press TV - China will re-open the old Silk Road as a new trading route linking Germany, Russia and China, allowing to connect and develop new markets along the road, especially in Central Asia, where this new project will bring economic and political stability, and in Western China provinces,where "New Areas" of development will be created. The first one will be the Lanzhou New Area in China's Northwestern Gansu Province, one of China's poorest regions.

"During his visit to Duisburg, Chinese President Xi Jinping made a master stroke of economic diplomacy that runs directly counter to the Washington neo-conservative faction's effort to bring a new confrontation between NATO and Russia." (press TV, April 6, 2014)

"Using the role of Duisburg as the world's largest inland harbor, an historic transportation hub of Europe and of Germany's Ruhr steel industry center, he proposed that Germany and China cooperate on building a new "economic Silk Road" linking China and Europe. The implications for economic growth across Eurasia are staggering."

Curiously, western media have so far been oblivious to both events. It seems like a desire to extending the falsehood of our western illusion and arrogance - as long as the silence will bear.

Germany, the economic driver of Europe - the world's fourth largest economy (US$ 3.6 trillion GDP) - on the western end of the new trading axis, will be like a giant magnet, attracting other European trading partners of Germany's to the New Silk Road. What looks like a future gain for Russia and China, also bringing about security and stability, would be a lethal loss for Washington.

In addition, the BRICS are preparing to launch a new currency - composed by a basket of their local currencies - to be used for international trading, as well as for a new reserve currency, replacing the rather worthless debt ridden dollar - a welcome feat for the world.

Along with the new BRICS(A) currency will come a new international payment settlement system, replacing the SWIFT and IBAN exchanges, thereby breaking the hegemony of the infamous privately owned currency and gold manipulator, the Bank for International Settlement (BIS) in Basle, Switzerland - also called the central bank of all central banks.

To be sure - the BIS is a privately owned for profit institution, was created in the early 1930's, in the midst of the big economic melt-down of the 20th Century. The BIS was formed precisely for that purpose - to control the world's monetary system, along with the also privately owned FED and the Wall Street Banksters - the epitome of private unregulated ownership.

The BIS is known to hold at least half a dozen secret meetings per year, attended by the world's elite, deciding the fate of countries and entire populations. Their demise would be another welcome new development.

As the new trading road and monetary system will take hold, other countries and nations, so far in the claws of US dependence, will flock to the 'new system', gradually isolating Washington's military industrial economy (sic) and its NATO killing machine.

This Economic Sea Change may bring the empire to its knees, without spilling a drop of blood. An area of new hope for justice and more equality, a rebirth of sovereign states, may dawn and turn the spiral of darkness into a spiral of light.

Peter Koenig is an economist and former World Bank staff. He worked extensively around the world in the fields of environment and water resources. He writes regularly for Global Research, ICH, the Voice of Russia and other internet sites. He is the author of Implosion - fiction based on facts and on 30 years of experience around the globe. 

10 signs the people in developed world actually live in a false economy

Most people think that there is only one economy and that it is cyclical. They think that it is natural and normal for the market to go in cycles and that inflation is a result of a cyclical economy. The fact of the matter is this is a complete misunderstanding. The economy most people associate with is what I call the fake economy.

The Fake Economy

The fake economy is an economy built entirely on credit and fake money. There is nothing real with this economy, yet this is the economy most people follow. This is the economy you hear about on the news, the economy that reacts to credit rather than on value and hard work. The fake economy thrives on spending, debt, impulse and manipulation. This is an economy where a relatively small group are able to completely enslave and control the many.

The Real Economy

The real economy is the economy that is built on hard work and real value. This is the kind of economy that doesn't have cycles and doesn't react to manipulation. This economy doesn't ask to be bailed out because it doesn't need to be bailed out. This economy honestly accepts failure and tries to learn from it rather than covering it up. This economy rewards creativity and creates abundance. This economy gives piece of mind and is in alignment with the universe. This economy, unfortunate as it may be, has never existed and most likely will never exist on this planet.

Conclusion

As sad as it is to say, we have been part of a fake economy for many, many aeons. America is a fake economy, European nations are fake, Rome was fake, they're all fake. The closest we've ever been to a real economy was early colonial America, but that was quickly given away by the people and now we are back to square one.

“One person can make a difference, and everyone should try”. -JFK

"Just look at the US. Everything is backwards. Everything is upside-down. Doctors destroy health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the major media destroy information, and religion destroys spirituality."---Michael Ellner

It’s time to admit that those people live in a false economy. Smoke and mirrors are used to make them believe the economy is real, but it’s all an elaborate illusion.

Out of one side of the establishment's mouth we hear excitement about "green shoots", and out of the other side comes breathless warnings of fiscal cliffs and the urgent need for unlimited bailouts by the Fed.

We hear the people begging for jobs and the politicians promising them, but politicians can't create jobs. We see people camped out to buy stuff on Black Friday indicating the consumer economy is seemingly thriving, only to find out everything was bought on credit.

The corporate media does their best to distract us from seeing anything real. We see the media glorify Kim Kardashian who got rich by being famous, and became famous merely by being rich. She got front page coverage on Huffington Post this week because her cat died.  Enough said.

Meanwhile the financial media makes the economy seem complicated and they ban anyone who speaks truthfully about the economy from their airwaves.

Is it any wonder why people are angry and confused about the economy?

Well, hopefully these signs that we live in a false economy will help clear up some of that confusion.

1. Fake Jobs: It's not just that the "official" unemployment numbers are a fraud, the actual jobs are fake as well. Ask yourself how many professions actually produce something of value? 80% of jobs could disappear tomorrow and it wouldn't affect basic human survival or happiness in the least. Yes, in our society we need money to survive - and jobs equal money - but that doesn't mean a "job" has any actual benefit to society.  More on this in the next point...

2. Problems Create Jobs, Not Solutions: We can't fix real problems, because it would destroy more fake jobs. We can't end the wars and bring all of the personnel home when the jobless rate is already suffering. We can't end the War on Drugs because where would the DEA agents, prison guards, the court system, parole officers, and the rest of their support staff work. We can't simplify the tax code because the bookkeepers, CPAs, accounting professors, and tax attorneys would be unemployed. We cannot reduce the bureaucracy of government or streamline healthcare because paper pushers have few other notable skills. We can't stop spying on Americans because it now employs millions of people. We can't restrict the Wall Street casino, or hardly anyone will be left with a job. Finally, what will happen to university jobs when people either realize their product is not worth the cost or they discover they can get the same education online for nearly free? In other words, we need these manufactured problems to create phony employment.

3. Money Has No Value:  Money is the biggest illusion of all. Our money is loaned into existence with arbitrary interest rates by a private monopoly. It is an IOU. It only has value because a law says it has value, and that value fluctuates based on how much supply is in the economy which, again, is controlled by a for-profit monopoly. It's actual value is zero since it is just a piece of paper with fancy ink on it. The only things with real value to humans are skills (labor), tools and materials, food and water, and energy.

4. The Fed Now Buys 90% of the Nation's Debt: Speaking of money, the Federal Reserve loans money to the US government who issues bonds to cover their spending. Those bonds are sold on the open market through auctions to investors who believe in the ability of the United States to make good on those bonds. Apparently, the US has no more investors because the Fed is now buying 90% of new Treasury bonds. This is called monetizing debt, or, essentially, monetizing money. That's what a Ponzi scheme does. This acts to keep interest rates artificially low because they'd have to raise them to attract outside "investors".  In layman terms, our whole monetary system is a paper tiger, a house of cards, or whatever metaphor you want to use for fake.

5. What is the Value of Anything?  The price discovery mechanism, or the process to determine the value of an asset in the marketplace, has become so convoluted that determining the genuine value of anything has become nearly impossible. Between government subsidies for things like food, fuel, education, housing, insurance and even cars; taxes, regulations and laws; the manipulation of the value of money and interest rates; Wall Street gambling on commodities; what is the real value of something? For example, why does an ounce of marijuana (a weed that can grow anywhere) cost up to $500?  Is that the real value based on labor and materials, and supply and demand? Of course not, its value is inflated mainly due to laws and regulations.

6. Failure is Rewarded:  You know we live in a false economy when failure is rewarded and success is penalized. Citizens everywhere are being told they need to tighten their belts, work harder so we can bailout the failed government, banks, insurance companies and even car companies. And when we work harder and achieve some success, they tax it heavily to indefinitely pay for these fraudulent institutions. Yet this infinite money creation and taxation is light years from solving the root cause of the problem. The reality is that the banks' solutions are the problem, enriching the investor class at the expense of the middle class. Global bankers are playing with taxpayer money - and the money of many future generations - in a global casino royale that is destined to fail so they can take the people's assets. They are all-in; but their money is fake, and our assets put at risk are real.

7. Corporate entities have the same rights as humans, but not the same punishments:  When the Supreme Court ruled that corporations have free-speech rights of people, it was one of the final nails in the coffin of the republic. Monied interests can now openly finance elections and buy the legislation they need to operate with impunity. Corporations may be comprised of humans, but they are not subjected to the same standard of humanity. It was profoundly argued in the article What if BP Were a Human Being?That judged by common standards of morality, decency, and previously agreed-upon definitions of criminality, BP would be judged a psychopathic killer ... and immortal. Ditto for the rest leading the predatory corporate pack; the most obvious being defense contractors.  And since these corporations are now joined at the hip with government itself, what does that make government? By changing definitions, they are attempting to change reality. But that still doesn't make it the truth.

8. People buy things they don't need with money they don't have: In a type of trickle-down debt whirlpool, the government's rampant spending without sufficient assets to back it up is mirrored in the behavior of the American consumer. Despite inflation, rising unemployment, and a continued collapse in real estate, it hasn't stopped credit spending. The Associated Press just reported that for the month of October:

Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high. 

The Federal Reserve said Friday that consumers increased their borrowing by $14.2 billion in October from September. Total borrowing rose to a record $2.75 trillion.

Borrowing in the category that covers autos and student loans are increased by $10.8 billion. Borrowing on credit cards rose by $3.4 billion, only the second monthly increase in the past five months. (Source)

Most troubling is the type of borrowing highlighted. The worst possible borrowing would be these negative-return investments such as student loans, credit cards, and cars. It is magical thinking taken to the highest degree.

9. Entrepreneurs are punished: It has become nearly impossible to make a simple living on your own. America has become a land filled with bureaucratic red tape that actively thwarts small business creation and criminalizes independence. There is perhaps no better example of this than the attacks waged against the ultimate entrepreneurial endeavor of self-reliance: the family farm. Through collectivist models such as Agenda 21, long-running family farms are being shut down and supplanted with "protected zones." In the most recent case, a family oyster farm was shut down based on provably false scientific data that aimed to demonstrate negative environmental and economic impacts. It was completely fake, ending an 80-year local business that generated 50,000 tourists per year and employed 30 full-time local residents. In many of these cases the federally stolen property winds up in the hands of developers who have no interest in a true local economy. It is an inherent part of any false economy to create dependence where none should exist at all. A five-minute video that can be seen here sums up the American economy of illusions and the death of the American Dream.

10. Engineered Slavery: Do you think slavery died in the 1800s?  Think again. Economic hitmen (lenders) have successfully enslaved-by-debt everything from nations, entire industries, state and local governments and nearly every person on the planet. And they bought your servitude with money they never had, they simply created it out of thin air. Even if an individual doesn't have any bank financing or credit cards, they still pay the private Federal Reserve through inflation and income taxes. As author of Confessions of an Economic Hit Man, John Perkins, would say: the time has come for the banks to collect their “pound of flesh” from average citizens by way of higher taxes, less social services, and taking your pensions -- "austerity." For an enlightening explanation of how economic hitmen work their dark magic please watch this video.  If you're still confused, see these 10 signs you might be a slave.  Another, more obvious, form of engineered slavery is prison labor. Laws and regulations are specifically created to add to the prison population which enriches the corporations that own them, while local communities actually become poorer and more dangerous (source).

As George Carlin said, "It's called the American Dream, because you have to be asleep to believe it." It would be bad enough if it were contained to only one country, but we are now experiencing a global collective dreaming that fantasizes about a government figuring things out just in the nick of time. However, in the real world, the collapse has begun in earnest. Until we are committed to stop being slaves and counter the 10 points above, we will remain in the grip of an hallucination. However, there are encouraging signs through protests worldwide, alternative currency movements, and myriad creative solutions in the most affected countries like Iceland, Greece, and Spain that people are beginning to shake off their sleep, look in the mirror and realize that the dream economy they have been sold was designed to make them seek solutions in entirely the wrong direction.

Worldwide Recession: Forecast for Global Economic Growth. The Failures of Monetary Policy

"We are living through one of civilization’s great seismic reversals. The ideology of globalization, like all “inevitable” utopian visions, is being exposed as a fraud. The power elite, perplexed and confused, clings to the disastrous principles of globalization and its outdated language to mask the looming political and economic vacuum. The absurd idea that the marketplace alone should determine economic and political constructs led industrial nations to sacrifice other areas of human importance – from working conditions, to taxation, to child labor, to hunger, to health and pollution – on the altar of free trade. It left the world’s poor worse off and the United States with the largest deficits – which can never be repaid – in human history. The massive bailouts, stimulus packages, giveaways and short-term debt, along with imperial wars we can no longer afford, will leave the United States struggling to finance nearly $5 trillion in debt this year. This will require Washington to auction off about $96 billion in debt a week. Once China and the oil-rich states walk away from our debt, which one day has to happen, the Federal Reserve will become the buyer of last resort. The Fed has printed perhaps as much as two trillion new dollars in the last two years, and buying this much new debt will see it, in effect, print trillions more. This is when inflation, and most likely hyperinflation, will turn the dollar into junk. And at that point the entire system breaks down."
-Chris Hedges

The World Bank owned by banksters aiming for global zero grow economy, issued its biannual Global Economic Prospects report Tuesday, sharply downgrading its forecast for economic growth from its previous report released last June. The Washington-based international lending agency projected an expansion of the world economy in 2013 of only 2.4 percent, down from its forecast six months ago of 3.0 percent.

The bank said the global gross domestic product (GDP) grew by 2.3 percent in 2012, downwardly revised from its June estimate of 2.5 percent. It predicted that the world economy would grow by 3.1 percent in 2014 and 3.3 percent in 2015. These projected rates, lower than the bank’s June estimates, are insufficient to significantly reduce near-Depression-level jobless rates in the US and much of Europe or stem the spread of poverty.
The report demonstrates that more than four years after the September 2008 financial meltdown on Wall Street, there is no end in sight to the economic crisis. It points as well to the extent to which the economic policies pursued by governments and central banks around the world have benefited the wealthiest social layers at the expense of working people.
This is summed up in one set of statistics presented in the report. While economic growth has stalled or turned negative in much of the world since the bank released its previous report in June, stock prices have soared. Stock markets in the so-called “developing countries” are up by 12.6 percent over the past six months, while equity markets in the “high-income” economies of North America, Europe and Japan have risen by 10.7 percent. The MSCI All-Country World Index has jumped by 17 percent since the end of 2011.
The combination of massive bank bailouts, virtually free and unlimited credit for banks and financial institutions, and austerity for the working class has served to prop up the financial system and further enrich the ruling elite by inflating financial asset values, but has done nothing to revive the real economy. On the contrary, the fact that economic growth continues to stagnate despite vast subsidies to the banks and investment houses speaks to the fundamental and systemic character of the economic crisis.
Moreover, the measures taken to avert a descent into deflation and financial chaos, such as printing trillions of dollars and other major currencies, are further undermining the monetary foundations of world trade and investment, fueling currency and trade wars, and inflating new speculative bubbles that are bound to implode.
Economic stagnation and decline are most pronounced in the high-income regions. The World Bank cut its growth estimate for these major economies as a whole from earlier forecasts, down to a mere 1.3 percent for both 2012 and 2013, rising to 2.0 percent in 2014 and 2.3 percent by 2015.
The bank reversed its previous prediction of a return to growth (1.1 percent) this year in the 17-nation euro zone, instead projecting a contraction of 0.1 percent. For 2014 it predicted growth of only 0.9 percent, to increase to 1.4 percent in 2015. Such miserable growth rates spell further social devastation in countries such as Greece, Spain and Portugal, which are already suffering Depression-style conditions of unemployment, poverty, homelessness and social deprivation.
The World Bank cut its projection for the US in 2013 by 0.5 percentage points, forecasting GDP growth of 1.9 percent, down from the already meager 2.2 percent for 2012. It is projecting an improvement by 2015 to a mere 3.0 percent, again, too slow a rate of growth to significantly reduce unemployment levels.
The report halves the bank’s June estimate for Japan, predicting growth of only 0.8 percent in 2013, somewhat lower than the rate for 2012. This is projected to increase to only 1.5 percent in 2015.
GDP in so-called “developing” countries is estimated to have grown 5.1 percent in 2012 and is projected to rise to 5.5 percent this year. The bank lowered its projections for Brazil, India and Mexico.
In the Latin American and Caribbean region, GDP growth declined to an estimated 3 percent in 2012 (from 4.3 percent in 2011). The growth rate in Brazil, the region’s largest economy, was merely 0.9 percent in 2012. The bank lowered its 2013 projection for Brazil from 4.2 percent to 3.4 percent, and cut its forecast for Mexico from 4.0 percent to 3.3 percent. For the region as a whole, the bank projects growth of 3.5 percent in 2013, rising to 3.9 percent in 2015.
The bank reported that growth in the East Asia and Pacific region slowed to an estimated 7.5 percent in 2012 from 8.3 percent in 2011. Regional GDP growth is projected to increase to 7.9 percent in 2013 before falling back to 7.5 percent by 2015.
China’s growth outlook was downgraded to 8.4 percent from 8.6 percent, and India’s was reduced to 6.1 percent from 6.9 percent.
In its concluding remarks, the report states: “While there are signs that growth is picking up in developing countries, the world continues to face a bumpy and uncertain recovery. The pace of recovery in high-income countries is likely to remain disappointing.”
These are rather soothing words to describe a crisis of the world capitalist system that is, in fact, deepening and lurching toward new financial shocks and eruptions.

“Conspiracy Theory”: Foundations of a Weaponized Term, Subtle and Deceptive Tactics to Discredit Truth in Media and Research

“Conspiracy theory” is a term that at once strikes fear and anxiety in the hearts of most every public figure, particularly journalists and academics. Since the 1960s the label has become a disciplinary device that has been overwhelmingly effective in defining certain events off limits to inquiry or debate. Especially in the United States raising legitimate questions about dubious official narratives destined to inform public opinion (and thereby public policy) is a major thought crime that must be cauterized from the public psyche at all costs.

Conspiracy theory’s acutely negative connotations may be traced to liberal historian Richard Hofstadter’s well-known fusillades against the “New Right.” Yet it was the Central Intelligence Agency that likely played the greatest role in effectively “weaponizing” the term. In the groundswell of public skepticism toward the Warren Commission’s findings on the assassination of President John F. Kennedy, the CIA sent a detailed directive to all of its bureaus. Titled “Countering Criticism of the Warren Commission Report,” the dispatch played a definitive role in making the “conspiracy theory” term a weapon to be wielded against almost any individual or group calling the government’s increasingly clandestine programs and activities into question.

This important memorandum and its broad implications for American politics and public discourse are detailed in a forthcoming book by Florida State University political scientist Lance de-Haven-Smith, Conspiracy Theory in America. Dr. de-Haven-Smith devised the  state crimes against democracy concept to interpret and explain potential government complicity in events such as the Gulf of Tonkin incident, the major political assassinations of the 1960s, and 9/11.

“CIA Document 1035-960” was released in response to a 1976 FOIA request by the New York Times. The directive is especially significant because it outlines the CIA’s concern regarding “the whole reputation of the American government” vis-à-vis the Warren Commission Report. The agency was especially interested in maintaining its own image and role as it “contributed information to the [Warren] investigation.”

The memorandum lays out a detailed series of actions and techniques for “countering and discrediting the claims of the conspiracy theorists, so as to inhibit the circulation of such claims in other countries.” For example, approaching “friendly elite contacts (especially politicians and editors)” to remind them of the Warren Commission’s integrity and soundness should be prioritized. “[T]he charges of the critics are without serious foundation,” the document reads, and “further speculative discussion only plays in to the hands of the [Communist] opposition.”

The agency also directed its members “[t]o employ propaganda assets to [negate] and refute the attacks of the critics. Book reviews and feature articles are particularly appropriate for this purpose.”
1035-960 further delineates specific techniques for countering “conspiratorial” arguments centering on the Warren Commission’s findings. Such responses and their coupling with the pejorative label have been routinely wheeled out in various guises by corporate media outlets, commentators and political leaders to this day against those demanding truth and accountability about momentous public events.

• No significant new evidence has emerged which the [Warren] Commission did not consider.
• Critics usually overvalue particular items and ignore others.
• Conspiracy on the large scale often suggested would be impossible to conceal in the United States.
• Critics have often been enticed by a form of intellectual pride: they light on some theory and fall in love with it.
• Oswald would not have been any sensible person’s choice for a co-conspirator.
• Such vague accusations as that “more than ten people have died mysteriously” [during the Warren Commission’s inquiry] can always be explained in some natural way e.g.: the individuals concerned have for the most part died of natural causes.

Today more so than ever news media personalities and commentators occupy powerful positions for initiating propaganda activities closely resembling those set out in 1035-960 against anyone who might question state-sanctioned narratives of controversial and poorly understood occurrences. Indeed, as the motives and methods encompassed in the document have become fully internalized by intellectual workers and operationalized through such media, the almost uniform public acceptance of official accounts concerning unresolved events such as the Oklahoma City Murrah Federal Building bombing, 9/11, and most recently the Sandy Hook Elementary School massacre, is largely guaranteed.

The effect on academic and journalistic inquiry into ambiguous and unexplained events that may in turn mobilize public inquiry, debate and action has been dramatic and far-reaching. One need only look to the rising police state and evisceration of civil liberties and constitutional protections as evidence of how this set of subtle and deceptive intimidation tactics has profoundly encumbered the potential for future independent self-determination and civic empowerment.

For decades, the mainstream media in the United States was accustomed to being able to tell the American people what to think.  Unfortunately for them, a whole lot of Americans are starting to break free from that paradigm and think for themselves.  A Gallup survey from earlier this year found that 60 percent of all Americans “have little or no trust” in the mainstream media.  More people than ever are realizing that the mainstream media is giving them a very distorted version of “the truth” and they are increasingly seeking out alternative sources of information.  In the United States today, just six giant media corporations control the mainstream media.  Those giant media corporations own television networks, cable channels, movie studios, radio stations, newspapers, magazines, publishing houses, music labels and even many prominent websites.

But now thanks to the Internet the mainstream media no longer has a complete monopoly on the news.  In recent years the “alternative media” has exploded in popularity.  People want to hear about the things that the mainstream media doesn’t really want to talk about.  They want to hear news that is not filtered by corporate bosses and government censors.  They want “the truth” and they know that they are not getting it from the mainstream media.

My office

We are watching a media revolution happen, and many in the mainstream media are totally freaking out about it.  In fact, some in the mainstream media have even begun publishing articles that mock the American people for not trusting them.  For example, a recent CNN article entitled “Still ‘paranoid’ after all these years” portrayed Americans that don’t trust the media as paranoid conspiracy theorists that have left rationality behind…

Ever have the feeling you’re being lied to by the news media, the authorities, the corporate world? That somebody — or something — is out to get you?You’re not alone.
Welcome to 21st-century America.
Look around. Trust is hitting historic lows. Just a third of Americans have a favorable viewof the federal government, a decline of 31% since 2002, according to the Pew Center for People and the Press. Gallup has Congress’ approval rating is in the low 20s, after nearing single digits last summer. And the news media aren’t much better off.
“Negative opinions about the performance of news organizations now equal or surpass all-time highs on nine of 12 core measures the Pew Research Center has been tracking since 1985,” a Pew report said.

The article goes on to make it sound like it is very irrational not to trust the media, but in this day and age it is imperative that we all learn to think for ourselves.  Blindly trusting someone else to do your thinking for you is very dangerous.

Anyone that does not acknowledge that the mainstream media has an agenda is not being honest with themselves.  The mainstream media presents a view of the world that is very favorable to their big corporate owners and the big corporations that spend billions of dollars to advertise on their networks.  The mainstream media is the mouthpiece of the establishment, and the worldview being pushed on the big networks is going to be consistent with the economic, financial, political and social goals of the establishment.  The mainstream media loves to talk about things that fit with that agenda, and they don’t like to talk about things that suggest that there is something wrong with that agenda.

The following are 25 facts that the mainstream media doesn’t really want to talk about right now…

#1 The mainstream media doesn’t really want to talk about the fact that gun sales are absolutely skyrocketing in the aftermath of the horrific tragedy at Sandy Hook Elementary School.

#2 The mainstream media doesn't really want to talk about the fact that disarming the population has resulted in some of the most horrific massacres in human history.

  The following is from the Warrior Times…

• 1911 – Turkey disarmed it’s citizens, and between 1915 – 1917 they murdered 1.5 million Armenians.
• 1929 – Russia disarmed it’s citizens, and between 1929 – 1953 they murdered 20 million Russians.
• 1935 – China disarmed it’s citizens, and between 1948 – 1952 they murdered 20 million Chinese.
• 1938 – Germany disarmed it’s citizens, and between 1939 – 1945 they murdered 16 million Jews.
• 1956 – Cambodia disarmed it’s citizens, and between 1975 – 1977 they murdered 1 million Educated people.
• 1964 – Guatamala disarmed it’s citizens, and between 1964 – 1981 they murdered 100,000 Mayan Indians.
• 1970 – Uganda disarmed it’s citizens, and between 1971 – 1979 they murdered 300,000 Christians.

#3 The mainstream media doesn't really want to talk about the fact that a bill allowing for the “indefinite military detention of US citizens on American soil” was passed by the U.S. Senate on Friday.

#4 The mainstream media doesn't really want to talk about the fact that volcanoes all along the Ring of Fire are roaring to life.  It seems like a new eruption is being reported every few days now.  In fact, a red alert has just been issued for a massive volcano that sits along the border between Chile and Argentina.

#5 The mainstream media doesn't really want to talk about the fact that the use of genetically engineered seeds has caused on explosion of new “super weeds” that are incredibly difficult for farmers to kill.

#6 The mainstream media doesn't really want to talk about the fact that renowned trends forecaster Gerald Celente is predicting a “financial disaster” in 2013.

#7 The mainstream media doesn't really want to talk about the fact that it is easier to get into Harvard than it is to get a job as a flight attendant in America today.

#8 The mainstream media doesn't really want to talk about the fact that nearly 400 TSA employees have been fired for stealing from travelers since 2003.

#9 The mainstream media doesn't really want to talk about the fact that giant corporations such as Facebook are funneling gigantic amounts of money through offshore banking havens such as the Cayman Islands in an effort to avoid taxes.

#10 The mainstream media doesn't really want to talk about the fact that the U.S. dollar is in danger of losing its status as the primary reserve currency of the world.

#11 The mainstream media doesn't really want to talk about the fact that Barack Obama has gone off to vacation in Hawaii while the rest of the nation hopes for a fiscal cliff deal to get done.  Of course the mainstream media has to mention that he is on vacation because they always keep track of what the president does, but they are not making a big deal out of it because they love Obama.  And it sounds like Obama is having quite a good time on his little vacation…

The president is expected to indulge in some of his favorite pastimes on the island where he was born and raised: golf, an expedition for the local treat “shave ice,” and an evening out with family and friends. He hit the links at the nearby Marine Corps base under sunny skies on Saturday afternoon.

#12 The mainstream media doesn't really want to talk about the fact that there are government websites that give immigrants instructions about how to come over to our country and apply for welfare.

#13 The mainstream media doesn't really want to talk about the fact that the U.S. economy is losing millions of jobs to nations where it is legal to pay workers slave labor wages.  The mainstream media is totally married to the one world economic agenda that their corporate owners make so much money from, and so they say nothing as a steady stream of businesses and jobs continue to leave the country.

#14 The mainstream media doesn't really want to talk about the fact that the recent tax increase is causing large numbers of wealthy individuals to consider moving out of the state of California.

#15 The mainstream media doesn't really want to talk about the fact that hunger and poverty are absolutely exploding in the United States at the same time that they are telling us that the economy is “recovering”.

#16 The mainstream media doesn't really want to talk about the fact that North Korea now has a three-stage rocket with enough range to potentially hit the western United States.

#17 The mainstream media doesn't really want to talk about the fact that the United States Postal Service is losing 25 million dollars a day and is on the verge of financial collapse.

#18 The mainstream media doesn't really want to talk about the fact that our biggest oil supplier in the Middle East, Saudi Arabia, still kills people for changing religions.

#19 The mainstream media doesn't really want to talk about the fact that political correctness is taking over America.  The truth is that the media does not see any problem with that at all.

#20 The mainstream media doesn't really want to talk about the fact that nearly half a million employees of the federal government are making more than $100,000 a year.

#21 The mainstream media doesn't really want to talk about the fact that the birth rate in the United States fallen to an all-time low.  The elite are actually absolutely thrilled that less babies are being born.

#22 The mainstream media doesn't really want to talk about the fact that violent crime in the United States increased by 18 percent in 2011 and that many major U.S. cities are seeing violent crime totally spiral out of control.

#23 The mainstream media doesn't really want to talk about the fact that Barack Obama received more than 99 percent of the vote in more than 100 precincts in Ohio on election day.

#24 The mainstream media doesn't really want to talk about the fact that during the first four years of the Obama administration, the U.S. national debt grew by about as much as it did from the time that George Washington took office to the time that George W. Bush took office.

#25 The mainstream media doesn't really want to talk about the fact that the privately owned Federal Reserve created the conditions for the last financial crisis and their mismanagement of the economy has now brought us to the verge of another horrible economic downturn.  According to the mainstream media, the Federal Reserve is “above politics” and should not be criticized.