The numbers we are given about the economy are lies. Using Purchasing Power Parity (PPP), a former IMF economist calculated that China surpassed America’s GDP in 2010. Zero Hedge reported that Spain’s real GDP is 21% less than what their government officially claims. Peter Schiff has said America’s GDP is 3.3 trillion dollars less than our Banker Occupied Government (BOG ) in Washington has told us. PPP would take our GDP even lower than what Schiff claims. PPP discounts services like haircuts which are cheaper in China but cannot be exported to America.
I propose that we go around the lies by discussing the Quality of the American economy as opposed to the quantity.
Point number one. American retirement and our pensions are deliberately being taken away from us.
The average American has no savings to supplement their retirement. This is by design. We have been paid interest rates on our savings that are lower than inflation so we lose money every month that our money is in an account at a bank. Social Security has paid out in benefits less than half what inflation has taken from us. Inflation is a tax under a fractional reserve banking system. The money is created and given to insiders who profit from inflation while it takes money from savers and consumers.
I should point out that you are being taxed twice to pay Social Security benefits once. The BOG in Washington takes your Social Security taxes and buys a Treasury bond which funds current deficits. When the bond matures, Social Security redeems it by having the IRS tax you again through your payroll tax so they can pay the retirees.
Private pensions and savings schemes like IRAs and 401Ks are being systematically looted by Wall Street with the permission of the government the bankers bought and paid for. Goldman Sachs and other bankers are allowed to front run stock sell and buy orders from your mutual fund and pension plan. When a mutual fund places an order, favored brokers are allowed to buy the stock and then resell it to the fund at a higher price. Wall Street is allowed to skim 100 million dollars a day from your retirement accounts every working day of the year. Just think how much money that are allowed to steal during the 40 year working life of the average worker.
Banks are allowed to do the same with foreign exchange when they buy and sell stocks from overseas markets. They buy and sell at one price and credit your account at a different rate pocketing the difference.
The biggest fraud was Mortgage Backed Securities. The California pension system bought these MBS despite being warned by Catherine Austin Fitts that these were not good investments. The bankers took a part of one mortgage and bundled it with parts of other mortgages and bought faux insurance through a Credit Default Swap to get AAA ratings from agencies they had bribed. Then they sold these fraudulent securities to pension funds. They knew these bonds were going to default on the pension funds when they sold them.
The Federal Reserve Bank has allowed the banks and the brokerages to engage in a series of pump and dumps in recent years starting with the dot com fraud. Your mutual and pension funds were allowed to buy in at fantastically over priced levels because the Federal Reserve was creating money to raise stock prices. Of course insiders sold at the top and pension funds and our retirement plans lost out.
We are now in four dangerous Bubbles. Mortgages, stocks, bonds and the dollar. They are all pumped up by Federal Reserve policies creating too much money. Dr Steven Keen has said the world is in the Greatest Bubble in 500 years so we are facing the worst financial crisis in 5 centuries. As I said elsewhere, Depressions cancel debts. If we do not cancel our debts as the Babylonians did periodically thousands of years ago, we will have a worse Depression than 1929-1939 in which more than 3 million Americans died of starvation.
If those Bubbles are allowed to unwind without a systematic and scientific Debt Cancellation, ten or more million Americans will die from starvation. Most countries will be worse off.
Jobs have declined in quality as well. 12 million jobs and 56,000 manufacturing plants have been sent overseas by design. The largest private employers in America are temp agencies. 77% of all new jobs are part time and have no benefits. The number of full time jobs is declining by a million jobs a year. 40 percent of all workers in the United States actually make less than what a full-time minimum wage worker made back in 1968.The number of Americans “not in the labor force” soared by an astounding 8,332,000 over the past four years.Median family income is declining $1,000 a year while prices are increasing.
Under Obamacare illegal aliens who receive amnesty will be given subsidies for health insurance so native born Americans of all races will lose millions of jobs.
The Quality of American life has declined on all fronts.
More than a million public school students in the United States are homeless.
The BOG in Washington allows banks to use fraud to steal homes from homeowners using fraudulent and often forged documents.
Utility bills consistently go up faster than inflation and are a major factor in declining real wages. The BOG in Washington is shutting down power plants that do not pollute and allowing aging plants that do emit pollution but are owned by J P Morgan to raise utility rates.
Vaccine makers are allowed to inject children with up to 61 compulsory vaccines that are often contaminated. We are not allowed to sue under a provision added to the Patriot Act. The Congress thinks it is very patriotic for your children to have brain damage and suffer other health problems including death. Their health has been deliberately ruined.
The NSA is allowed to spy on us. They have the right to steal our inventions and product innovations. If we do not like GMO food, the NSA turns over our names and data to Monsanto.
The IRS and all government agencies and hundreds of thousands of government contractors will have access to all of your personal information and all of your medical records. The government will have Death Panels. If you are retired, you will be ordered to meet with your Death Counselor. Care can be withheld by an order of the government. Will people who do not like GMO, foreign wars without end and the TSA goons groping their genitals at the airports get the same care as the sheeple?
People with children will soon learn that Obamacare has special provisions for them. The Health Department will not need probable cause to enter your home. Middle class Americans will soon learn what most poor people learned long ago. CPS workers have sold children in their care to corporations who wanted to do fatal lab experiments on them. The New York Daily News had a major story on 6 black children who were killed by a company that wanted to test insecticides on humans. All six boys died. Their social workers were reprimanded for disclosing the murder of children in their care to the press.
Thousands of children have been disappeared out of the American foster care system to pedophiles.
Things will get worse very soon. Currently the US has the ability to print dollars and to by things from overseas for free. We get oil and food, cars and electronics, and clothes and toys for I Owe You Nothing Federal Reserve Notes. When that privilege ends, wages and government benefits will be cut in half and the American budget deficit will come to an abrupt end. The total of US unfunded liabilities is 222 trillion dollars and is growing at 915 billion dollars a month. It will grow by a lot more than a trillion dollars a month if Amnesty for Illegal Aliens is passed.
Americans have heard that the DHS has bought billions of rounds of hollow point ammunition and ordered 7,000 armored vehicles to patrol the streets of America. This is in addition to universal NSA wiretapping and 30,000 drones to patrol the skies. It was revealed just recently that the man in charge of buying those bullets for DHS is a black Nationalist who has a website advocating race war and the killing of whites. Neither he nor his friends seem to realize that a racial civil war is what Wall Street wants. When the dollar collapses and prices double overnight, there will be nationwide food riots. And when those riots become a race war, Americans will be shooting at each other rather than their common enemy on Wall Street. And that is what the bankers want.
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