March 19, 2013. Ten years ago today the Bush regime invaded Iraq. It is known that the justification for the invasion was a packet of lies orchestrated by the neoconservative Bush regime in order to deceive the United Nations and the American people.
The US Secretary of State at that time, General Colin Powell, has expressed his regrets that he was used by the Bush regime to deceive the United Nations with fake intelligence that the Bush and Blair regimes knew to be fake. But the despicable presstitute media has not apologized to the American people for serving the corrupt Bush regime as its Ministry of Propaganda and Lies.
It is difficult to discern which is the most despicable, the corrupt Bush regime, the presstitutes that enabled it, or the corrupt Obama regime that refuses to prosecute the Bush regime for its unambiguous war crimes, crimes against the US Constitution, crimes against US statutory law, and crimes against humanity.
In his book, Cultures Of War, the distinguished historian John W. Dower observes that the concrete acts of war unleashed by the Japanese in the 20th century and the Bush imperial presidency in the 21st century “invite comparative analysis of outright war crimes like torture and other transgressions. Imperial Japan’s black deeds have left an indelible stain on the nation’s honor and good name, and it remains to be seen how lasting the damage to America’s reputation will be. In this regard, the Bush administration’s war planners are fortunate in having been able to evade formal and serious investigation remotely comparable to what the Allied powers pursued vis-a-vis Japan and Germany after World War II.”
Over a decade during which the US economy was decimated by jobs offshoring, economists and other PR shills for offshoring corporations said that the US did not need the millions of lost manufacturing jobs and should be glad that the “dirty fingernail” jobs were gone.
America, we were told, was moving upscale. Our new role in the world economy was to innovate and develop the new products that the dirty fingernail economies would produce. The money was in the innovation, they said, not in the simple task of production.
As I consistently warned, the “high-wage service economy based on imagination and ingenuity” that Harvard professor and offshoring advocate Michael Porter promised us as our reward for giving up dirty fingernail jobs was a figment of Porter’s imagination.
Over the decade I repeated myself many times: “Innovation takes place where things are made. Innovation will move abroad with the manufacturing.”
This is not what corporations or their shills such as Porter wanted to hear. Corporations were boosting their profits by getting rid of their American employees and replacing them with lowly paid foreigners. Porter’s job was to reassure the sheeple so that no outcry would materialize against the greed that was hollowing out the US economy.
Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. His latest book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is now available.
On March 5, 2013, Hugo Chavez, President of Venezuela and world leader against imperialism, died. Washington imperialists and their media and think tank whores expressed gleeful sighs of relief as did the brainwashed US population. An “enemy of America” was gone.
Chavez was not an enemy of America. He was an enemy of Washington’s hegemony over other countries, an enemy of Washington’s alliance with elite ruling cliques who steal from the people they grind down and deny sustenance. He was an enemy of Washington’s injustice, of Washington’s foreign policy based on lies and military aggression, bombs and invasions.
Washington is not America. Washington is Satan’s home town.
Chavez was a friend of truth and justice, and this made him unpopular throughout the Western World where every political leader regards truth and justice as dire threats.
Then there are 23,700 new jobs in retail trade, which is hard to believe considering the absence of consumer income growth and the empty parking lots at shopping malls.
The real puzzle is 20,800 jobs in motion picture and sound recording industries. This is the first time in the years that I have been following the jobs reports that there has been enough employment for me to even notice this category.
The BLS lists 10,900 jobs in accounting and bookkeeping, which, as it is approaching income tax time, is probably correct; 21,000 jobs in temporary help and business support services; 39,000 jobs in health care and social assistance; and 18,800 jobs in the old standby–waitresses and bartenders.
That leaves about 50,000 jobs sprinkled around the various categories, but not in numbers large enough to notice.
The presstitute media attributed the drop in the headline unemployment rate (U3) to 7.7% from 7.9% to the happy jobs report. But Rex Nutting at Market Watch says that the unemployment rate fell because 130,000 unemployed people who have been unable to find a job and became discouraged were dropped out of the U3 measure of unemployment. The official U6 measure which counts some discouraged workers shows an unemployment rate of 14.3%. Statistician John Williams’ measure, which counts all discourage workers (people who have ceased looking for a job), is 23%.
In other words, the real rate of unemployment is 2 to 3 times the reported rate.
Nutting believes that the U3 unemployment rate has become too politicized to have any meaning. He suggests using instead the work force participation rate. This rate is falling substantially, reflecting the discouragement that occurs from inability to find jobs.
John Williams (shadowstats.com) says that distortions in seasonal factor adjustments overstate monthly payroll employment by about 100,000 jobs. The jobs data that is not seasonally adjusted shows about 1.5 million fewer jobs in the economy.
In a recent communication, statistician John Williams (shadowstats.com) reports that the rigged official annual rate of consumer inflation (CPI) of 1.6% is in fact, as measured by the official US government methodology of 1990, 9.2%. In other words, the rate of inflation is 5.75 times greater than the reported rate. If Williams is correct, the interest rate on bonds is extremely negative.
Found this while browing, in comments to Robert Ringer’s Triumph of the Lie, itself worth reading.
Doug Casey .. Douglas “Doug” Casey is an American-born free market economist, best-selling financial author, and international investor and entrepreneur.
Gerald Celente .. Gerald Celente is an American trend forecaster, publisher of the Trends Journal, business consultant and author who makes predictions about the global financial markets and other events of historical importance.
Bob Chapman .. Bob Chapman publishes International Forecaster, and brings to bear a lifetime of trading experience in gold and silver.
Bill Fleckenstein .. William A. Fleckenstein is president of Fleckenstein Capital, a money management firm based in Seattle. He writes a daily Market Rap column for his Web site, Fleckensteincapital.com, as well as the popular column Contrarian Chronicles for MSN Money.