Wednesday, March 26, 2014

COTW: The Amazing Shrinking $

If, like US Person dear reader, you are not afraid of the "thought police" occupying 1600 Pennsylvania Avenue, look at this chart:

[source:  Quinn @marketoracle.co.uk]
The current regime denies there is any significant inflation occurring, but the chart above does not lie. Only through statistical manipulation beginning in 1982 and spanning regimes of both stripes can the federal government deny there is only negligible inflation in the US economy. That lie is like saying "Russia is only a regional power". Sure, a regional power with a full-spectrum nuclear arsenal. You know something is terribly rotten in Denmark when 'der leder' starts to swallow his own cognitive dissonance. The plain fact is the US economy is controlled by a corporate financial elite that uses their private bank, The Federal Reserve, to control the value of money.  Perhaps not since Monsieur John Law has so much money been created out of thin air. Their statistics tell you the United States has had a growing economy 93% of the time over the last fourteen years. This despite the greatest house price collapse in our history; the near implosion of the worldwide financial casino in 2008; and two stock market crashes--deception on such a scale as to make you want to rob a bank! But if you can read, you can see the message in the chart above--more real wealth for the elites, less and less for the masses. Got stock? 90% of the US population owns none. US household income has declined 7.3% from 2000 even when calculated using the officially crooked CPI. So is the manipulated, artificial Dow Jones Index relevant to you? NOT!