U.S. Mortgage Applications Collapse, while Propaganda Soars
Not all the efforts of the U.S. propaganda-machine are directed at generating false-hope in the U.S. economy and warping economic statistics beyond recognition. A large component of this campaign is to undermine confidence in other economies – in order to try to make investing in U.S. assets appear to be the least-worst alternative.Of course, there is no need for the U.S.
Inflation the key for U.S. to 'manufacture' positive GDP
The comedy duo of Bernanke & Geithner are still promising an “economic recovery” for the U.S. in the second half of this year, and their faithful, media talking-heads continue to parrot this nonsense.Don't get me wrong here. I'm not suggesting that we couldn't see a positive, GDP reading for the U.S. in the 3rd quarter.
Treasury Department FINALLY exposes banksters' TARP-lies
While the corporate propaganda-machine (i.e. the “free press”) provides little in the way of “news” any more, it has made up for this deficiency (somewhat) by becoming a regular source of comedyThe script-writers at Reuters penned their own hilarious farce on May 31st, titled “Federal Reserve Puzzled by Yield Curve Steepening”.
There was a very interesting article in the Financial Times on May 30th, the topic: that the U.K. government was completely aware of the risk of a financial sector meltdown, and the resultant insolvency of Ponzi-scheme banks like Northern Rock as far back as 2004.The U.K.'s bank-regulator, the Financial Services Authority, had conducted what it called “bank war games”.
Rising U.S. interest rates signal “hyperinflationary depression”
One of my favorite sources for real statistics is John Williams' site: Shadowstats.com. For those not familiar with his work, Williams' is a highly respected U.S. economist, who has previously been invited to speak to the U.S. Congress.Williams has dedicated his site to producing authentic, U.S. economic statistics.