Posts tagged Corruption
Fake Employment Numbers – And 5 More Massive Economic Lies The Government Is Telling You
According to a whistleblower that has recently come forward, Census employees have been faking and manipulating U.S. employment numbers for years. In fact, it is being alleged that this manipulation was a significant reason for why the official unemployment rate dipped sharply just before the last presidential election. What you are about to read is incredibly disturbing. The numbers that the American people depend upon to make important decisions are being faked. But should we be surprised by this? After all, Barack Obama has been caught telling dozens of major lies over the past five years. At this point it is incredible that there are any Americans that still trust anything that comes out of his mouth. And of course it is not just Obama that has been lying to us. Corruption and deception are rampant throughout the entire federal government, and this has been the case for years. Now that some light is being shed on this, hopefully the American people will respond with overwhelming outrage and disgust.
The whistleblower that I mentioned above has been speaking to John Crudele of the New York Post. In his new article entitled “Census ‘faked’ 2012 election jobs report“, he says that the huge decline in the unemployment rate in September 2012 was “manipulated”…
In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington.
The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated.
Two years earlier, the Census had actually caught an employee “fabricating data”, but according to this whistleblower the corruption at the Census Bureau goes much deeper than that…
And a knowledgeable source says the deception went beyond that one employee — that it escalated at the time President Obama was seeking reelection in 2012 and continues today.
“He’s not the only one,” said the source, who asked to remain anonymous for now but is willing to talk with the Labor Department and Congress if asked.
The Census employee caught faking the results is Julius Buckmon, according to confidential Census documents obtained by The Post. Buckmon told me in an interview this past weekend that he was told to make up information by higher-ups at Census.
Well, is it really such a big deal that some of the unemployment numbers were faked?
After all, hasn’t the unemployment rate been consistently going down anyway?
Unfortunately, as you will see below, that is simply not the case. The following are five massive economic lies that the government has been telling you…
“The Unemployment Rate Has Been Steadily Going Down”
According to the official government numbers, the U.S. unemployment rate has fallen all the way down to 7.3 percent.
That sounds really good, and it would seem to imply that a higher percentage of the American people are now working.
Sadly, that is not the truth at all.
Posted below is one of my favorite charts. The employment-population ratio measures the percentage of the working age population that actually has a job. As you can see, this number fell dramatically during the last recession and since the end of 2009 it has remained remarkably flat. In fact, it has stayed between 58 and 59 percent for 50 months in a row…
At the moment, the employment-population ratio is just one-tenth of one percent above the lowest level that it has been throughout this entire crisis.
So are we in an “employment recovery”?
Absolutely not, and anyone that tries to tell you that is lying to you.
So how is the government getting the unemployment rate to go down?
Well, they are accomplishing this by pretending that millions upon millions of unemployed Americans have disappeared from the labor force.
According to the government, the percentage of Americans that want to work is now supposedly at a 35 year low…
If the labor force participation rate was still exactly where it was at when Barack Obama was first elected in 2008, the official unemployment rate would be about 11 percent right now. People would be running around going crazy and wondering when the “economic depression” would finally end.
But when people hear “7.3 percent”, that doesn’t sound so bad. It makes people feel better.
Of course if you are currently unemployed and looking for a job that doesn’t exactly help you. At this point there is intense competition even for minimum wage jobs in America. For example, according to Business Insider you actually have a better statistical chance of getting into Harvard than you do of being hired at a new Wal-Mart that is opening up in the Washington D.C. area…
The store is currently combing through more than 23,000 applications for 600 available positions, reports NBC Washington.
That means that Wal-Mart will be able to hire one person for every 38 applications it receives — i.e., just 2.6% of applicants will walk out with a job.
That’s more difficult than getting into Harvard. The Ivy League university accepts 6.1% of applicants.
“Inflation Is Low”
This is another lie that government officials love to tell. In particular, the boys and girls over at the Federal Reserve love to try to convince all of us that inflation is super low because it gives them an excuse to recklessly print lots more money.
But anyone that goes to the grocery store or pays bills on a regular basis knows that there is plenty of inflation in the economy. And if we were being given honest numbers, they would show that.
According to John Williams of shadowstats.com, if the U.S. inflation rate was still calculated the exact same way that it was back when Jimmy Carter was president, the official rate of inflation would be somewhere between 8 and 10 percent today.
But the Federal Reserve certainly doesn’t want everyone running around talking about “Jimmy Carter” and “stagflation” because then people would really start pressuring them to end their wild money printing schemes.
And without a doubt, what the Fed is doing is absolutely insane. The chart posted below shows that the M1 money supply has nearly doubled since the beginning of 2008…
“Quantitative Easing Is Economic Stimulus”
How many times have you heard the mainstream media tell you something along these lines…
“The Federal Reserve decided today that the economic stimulus must continue.”
There is just one thing wrong with that statement.
As I showed in a previous article, it is a total hoax.
In fact, a former Federal Reserve official that helped manage the Federal Reserve’s quantitative easing program during 2009 and 2010 is publicly apologizing to the rest of the country for being involved in “the greatest backdoor Wall Street bailout of all time”…
I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.
Yes, quantitative easing has most certainly helped Wall Street (at least temporarily).
Meanwhile, median household income in the U.S. has fallen for five years in a row.
Meanwhile, the federal government is now spending nearly a trillion dollars a year on welfare.
Meanwhile, 1.2 million students that attend public schools in America are now homeless. In fact, that number has risen by 72 percent since the start of the last recession.
“Obamacare Is Going To Be Good For Middle Class Americans”
There were three giant promises that were used to sell Obamacare to the American people…
#1 We would all be able to keep our current health insurance plans.
#2 Millions more Americans were going to be covered by health insurance.
#3 Most Americans would be paying lower health insurance premiums.
Well, it turns out that all of them were lies.
And so far only about 100,000 Americans have actually signed up for Obamacare, so that means that the number of Americans with health insurance has dropped by about 3.9 million since the beginning of October.
Good job Obama.
Meanwhile, Americans all over the country are being hit with a massive case of sticker shock as they start to realize what Obamacare is going to do to their wallets.
According to one study, health insurance premiums for men are going to go up by an average of 99 percent under Obamacare and health insurance premiums for women are going to go up by an average of 62 percent under Obamacare.
And if you are a young man, you are going to get hit particularly hard. At this point, it is being projected that health insurance premiums for healthy 30-year-old men will rise by an average of 260 percent.
“The U.S. National Debt Is Under Control”
The mainstream media would have us believe that the budget deficit is now under control and the U.S. national debt is not a significant problem any longer.
But that is not the truth.
The truth is that we are on pace to accumulate more new debt under the 8 years of the Obama administration than we did under all of the other presidents in all of U.S. history combined.
Every single hour of every single day, our politicians are stealing about $100,000,000 from future generations of Americans. It is a crime so vast that it is hard to put into words, and it is literally destroying the economic future of this country.
Over the last 13 and a half months, the U.S. national debt has increased by more than 1.12 trillion dollars.
If you were alive when Jesus Christ was born and you had spent a million dollars every single day since then, you still would not have spent that much money by now.
And most Americans don’t realize this, but the U.S. government must borrow far more than a trillion dollars each year. Trillions more in existing debt must be “rolled over” just to keep the game going.
For example, the U.S. government rolled over more than 7.5 trillion dollars of existing debt in fiscal 2013.
So what is going to happen someday when the rest of the world pulls out and stops lending us trillions of dollars at ridiculously low interest rates that are way below the real rate of inflation?
Our financial system is far more vulnerable than we are being told. We are in the terminal phase of the greatest debt bubble in the history of the planet, and when this bubble bursts it is going to be an absolutely spectacular disaster.
Please don’t believe the mainstream media or the politicians when they promise you that everything is going to be okay.
This article first appeared here at the Economic Collapse Blog. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.
Image credit: http://theeconomiccollapseblog.com
The crony capitalist bonanza which is Obamacare
Obamacare is making many people and companies rich(er.) Just got to be in with the right folks, and say the right things, and dollars float down from on high.
What was once seen as simply a boneheaded, invasive, half baked law, is now we know much more than that. It is a vehicle for cronies to make bank, and they are as Peter Schweizer reports.
(From Fox News)
As CNBC recently put it: “Thanks to ObamaCare, the health-care industry is going to get a big makeover during the coming years and venture capitalists have wasted no time looking for ways to cash in.” Put simply, ObamaCare’s complexity and catastrophic rollout create rivers of cash for Obama’s cronies.
So who are some of the winners in the ObamaCare crony capitalist giveaway?
For those on the left who thought that ObamaCare would mean large health insurance companies might get their comeuppance, they might want to look at UnitedHealth. Wall Street analysts expect the giant to see its stock price rise 40 percent over the next two years, thanks to expanding profit margins. The company has also won big contracts to help implement the rollout. Quality Software Services, Inc., a major contractor for Healthcare.gov, is a subsidiary of UnitedHealth. One of President Obama’s most reliable fundraisers in both 2008 and 2012 was Anthony Welters, executive vice president of UnitedHealth. He raised more than $500,000 for the 2012 election, according to opensecrets.org.
Image credit: http://www.againstcronycapitalism.org
There is a lot to be said for consistency, but sadly what is consistent is the lies and dishonesty as this video brings to light regarding the Obamacare navigators. The Project Veritas video below is from the same people that exposed the scandal with ACORN. Through the various Obamacare navigators and tax exempt entities involved, it appears cronyism, dishonesty and lies must come from higher up the organizational or administrative food chain. The strong connection to the DNC does not go without notice, or surprise.
CAUGHT ON TAPE: Obamacare Navigators Counsel Applicants to “Lie”
Published by veritasvisuals
World Bank Whistleblower Karen Hudes Reveals How The Global Elite Rule The World
Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years. In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel. She was in a unique position to see exactly how the global elite rule the world, and the information that she is now revealing to the public is absolutely stunning. According to Hudes, the elite use a very tight core of financial institutions and mega-corporations to dominate the planet. The goal is control. They want all of us enslaved to debt, they want all of our governments enslaved to debt, and they want all of our politicians addicted to the huge financial contributions that they funnel into their campaigns. Since the elite also own all of the big media companies, the mainstream media never lets us in on the secret that there is something fundamentally wrong with the way that our system works.
Remember, this is not some “conspiracy theorist” that is saying these things. This is a Yale-educated attorney that worked inside the World Bank for more than two decades. The following summary of her credentials comes directly from her website…
Karen Hudes studied law at Yale Law School and economics at the University of Amsterdam. She worked in the US Export Import Bank of the US from 1980-1985 and in the Legal Department of the World Bank from 1986-2007. She established the Non Governmental Organization Committee of the International Law Section of the American Bar Association and the Committee on Multilateralism and the Accountability of International Organizations of the American Branch of the International Law Association.
Today, Hudes is trying very hard to expose the corrupt financial system that the global elite are using to control the wealth of the world. During an interview with the New American, she discussed how we are willingly allowing this group of elitists to totally dominate the resources of the planet…
A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview with The New American, Hudes said that when she tried to blow the whistle on multiple problems at the World Bank, she was fired for her efforts. Now, along with a network of fellow whistleblowers, Hudes is determined to expose and end the corruption. And she is confident of success.
Citing an explosive 2011 Swiss study published in the PLOS ONE journal on the “network of global corporate control,” Hudes pointed out that a small group of entities — mostly financial institutions and especially central banks — exert a massive amount of influence over the international economy from behind the scenes. “What is really going on is that the world’s resources are being dominated by this group,” she explained, adding that the “corrupt power grabbers” have managed to dominate the media as well. “They’re being allowed to do it.”
Previously, I have written about the Swiss study that Hudes mentioned. It was conducted by a team of researchers at the Swiss Federal Institute of Technology in Zurich, Switzerland. They studied the relationships between 37 million companies and investors worldwide, and what they discovered is that there is a “super-entity” of just 147 very tightly knit mega-corporations that controls 40 percent of the entire global economy…
When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies – all of their ownership was held by other members of the super-entity – that controlled 40 per cent of the total wealth in the network. “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,” says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.
But the global elite don’t just control these mega-corporations. According to Hudes, they also dominate the unelected, unaccountable organizations that control the finances of virtually every nation on the face of the planet. The World Bank, the IMF and central banks such as the Federal Reserve literally control the creation and the flow of money worldwide.
At the apex of this system is the Bank for International Settlements. It is the central bank of central banks, and posted below is a video where you can watch Hudes tell Greg Hunter of USAWatchdog.com the following…
“We don’t have to wait for anybody to fire the Fed or Bank for International Settlements . . . some states have already started to recognize silver and gold, the precious metals, as currency”
Most people have never even heard of the Bank for International Settlements, but it is an extremely important organization. In a previous article, I described how this “central bank of the world” is literally immune to the laws of all national governments…
An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe. It is called the Bank for International Settlements, and it is the central bank of central banks. It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City. It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws. Even Wikipedia admits that “it is not accountable to any single national government.“ The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system. Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does. Every two months, the central bankers of the world gather in Basel for another “Global Economy Meeting”. During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on. The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system.
This system did not come into being by accident. In fact, the global elite have been developing this system for a very long time. In a previous article entitled “Who Runs The World? Solid Proof That A Core Group Of Wealthy Elitists Is Pulling The Strings“, I included a quote from Georgetown University history professor Carroll Quigley from a book that he authored all the way back in 1966 in which he discussed the big plans that the elite had for the Bank for International Settlements…
[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.
And that is exactly what we have today.
We have a system of “neo-feudalism” in which all of us and our national governments are enslaved to debt. This system is governed by the central banks and by the Bank for International Settlements, and it systematically transfers the wealth of the world out of our hands and into the hands of the global elite.
But most people have no idea that any of this is happening because the global elite also control what we see, hear and think about. Today, there are just six giant media corporations that control more than 90 percent of the news and entertainment that you watch on your television in the United States.
This is the insidious system that Karen Hudes is seeking to expose. For much more, you can listen to Joyce Riley of the Power Hour interview her for an entire hour right here.
Image credit: http://theeconomiccollapseblog.com
No, too little.
Richard Fisher merits every bit of his outstanding reputation as head of the Dallas Fed. But we think he is wrong to suggest that the selection of the new Fed chairman should be kept out of politics.
The Fed is no more an apolitical institution than the Supreme Court. It is simply a political institution which has lost its way. Right now it is run by professors with a theory, a theory that is grounded in little logic and few facts. These professors, who have no prior management experience themselves, are taking the US right over a cliff. We need more political oversight, not less, because that is the only way to fire these people and replace them with more practical people.
We do not need any more back room deals in which special interests are well represented, but not the voters. Nor do we need self-appointed elites telling the people not to be concerned, because it is too complicated for them to understand. It is only hard to understand because these elites intentionally obfuscate and confuse. And they are often aided and abetted by the media.
The chairman of the Fed arguably has more power over the economy than the president. Yet most voters are completely unaware of what the Fed does. When the media says that the Fed “buys bonds,” they are are not told that this means the Fed is creating new money out of thin air. In particular, voters are not told that about the Fed’s key role in blowing up the dot com and housing bubbles and in bailing out Wall St at the expense of Main St and the average American.
Monetary politics was not always conducted in secret, away from scrutiny even of Congress. The Constitution puts Congress in charge of money and we have had great debates about the management of money in American history. Just take a moment to read President Andrew Jackson’s veto of the Second Bank of the United States Act (this bank was the Fed of its day) or William Jennings Bryan’s famous cross of gold speech accepting the Democratic nomination for president.
The Fed more than any other player is responsible for today’s collapse in real income for the average American and accompanying crony capitalist corruption. We should be having a very public debate about the appointment of the next Fed chairman. Voters ought to learn enough to have a view and express that view to Congress. The monetary elite have failed the people. The people need to change this in the only way they can, by speaking up to their elected representatives.
Image credit: http://www.againstcronycapitalism.org
By Tom DeWeese
Putting bicycles ahead of people
This is a story of raw power, collusion and government corruption. A story that is taking place in countless towns all over America. A story of “reinvented” government, where self-proclaimed private “stakeholders” and pressure groups set the rules, local elected officials rubber stamp them, and non-elected regional governments enforce them, sometimes with an iron fist – all with no input from citizens, and apparently no rights for private citizens and property owners to stop them or even have a say.
It’s the story of the destruction of private property rights in America. Of injustice and tyranny. Of unaccountable government run amok. We need to take action! (See below, in blue, for what you can do.)
Jennie Granato is a tax-paying citizen of Montgomery County, Ohio. She and her family own a 165-year-old historic house and farm just outside of Dayton. They’ve lived there forty years. On July 31, Jennie’s front yard was demolished – thanks to local, county and planning commission bureaucrats!
The Miami Valley Regional Planning Commission (MVRPC) has begun seizing people’s private property for its latest “essential” project – a $5-million bike path extension! It has seized almost all of Jennie’s front lawn. The bike path will come within just a few feet of her front door!
Jennie and her family tried for over a year to negotiate and reason with this unelected planning commission. Unfortunately, their neighbors were advised by lawyers not to say anything publicly about the pending land grab, so the media viewed it as a non-story. The county and its appraisers kept stalling, saying they wanted a meeting with Jennie, even as they ignored her pleas and offered a pittance for taking her front yard, and likely driving the value of her home down by tens of thousands of dollars.
The meeting never came – and officials didn’t even allow Jennie’s uncle to speak at a hearing. But the bulldozers certainly came! Last week, with no warning, they just started demolishing trees. Jennie and her family still own the property – BUT the county has barged in, torn out their trees and destroyed their front yard! They will never be able to walk out their front door again, without worrying that they will be run over by bicyclists roaring by at 10 or 20 miles per hour, just inches from their bottom step.
The government trucks and bulldozers also precipitated an even worse tragedy. Jennie’s 85 year old mother became so upset over seeing the government’s heavy machinery destroying her yard and favorite trees that she suffered a heart attack and died.
Of course the government refuses to accept any responsibility for this tragedy. It was just promoting the “public welfare” of the private “stakeholders” and pressure groups it works with.
That too has become far too common. The government and these groups want more and more control over our lives, more power to tell us what we can and cannot do with our property and lives. But they accept no transparency and no accountability, responsibility or liability when their actions hurt … or even kill … someone – or when they destroy the property values, peace and integrity of a home.
The MVRPC is an unelected regional government force driven by federal Sustainable Development grant money. It never faces voters over its actions or positions of seemingly unbridled power. It simply deals with other government agencies – local, state and federal – and with private groups like the American Planning Association, ICLEI Local Governments for Sustainability, and a hoard of other organizations that represent faux “conservation and environmental” interests whose real motivation is money, and the power to control our lives.
John Stossel – Detroit Gutted By Government
Published by XRepublicTV
John Stossel discusses the demise that is Detroit with guests Darcy Olsen and Shikha Dalmia, regarding causes behind the Detroit collapse and other cities following a different model running in the black unlike the bankrupt situation facing Detroit.
Thinking Sandy Springs, Georgia is a model worth much more study.
A remarkable anti-crony capitalist video manifesto
Like I said I have no idea who this guy is. Saying that, this 12 minute analysis of our current crony capitalist system is damn good. It’s white lightning so be warned. Distilled and powerful.
Published by minivanjack
Notes from the video:
Journalists and political partisans have expressed the mistaken presumption that government is a “balancing force” against the excess powers of corporations. This video explains that most excess power of corporations is provided and granted by government and that government seeks partnership with corporations and shares in the profits. This “public-private partnership” is so advanced that the public interest is no longer a primary concern of government. Government is now a for-profit operation serving itself at the expense of the public interest.
Legalized Bribery — Interview with Ex-Lobbyist Jack Abramoff
Published by breakingtheset
Abby Martin talks with former lobbyist Jack Abramoff about DC’s culture of cronyism, revolving door politics, lobbying, and how to get money out of politics.
Which Country Tops The Bribery Charts?
Published by TheYoungTurks
Ana Kasparian and Cenk Uygur break it down.
*Read more: http://www.usatoday.com/story/money/b…