The Financial Press–A Disinformation Machine — Paul Craig Roberts
05 May, 2013|Categories: Articles & Columns|Tags: craig roberts
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Dear Readers: If you have not read “You Are The Hope” please do so now and make a donation. Due to readers’ inquiries about last Friday’s job numbers, I have had to shorten the time between the quarterly appeal and a new posting. Also, those who have asked if there would be a second printing of How The Economy Was…
Read more »Recovery for the 7 Percent — Paul Craig Roberts
28 April, 2013|Categories: Articles & Columns|Tags: www.paulcraigroberts.orgrecovery for the 7 percent paul craig roberts
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“From the end of the recession in 2009 through 2011 (the last year for which Census Bureau wealth data are available), the 8 million households in the U.S. with a net worth above $836,033 saw their aggregate wealth rise by an estimated $5.6 trillion, while the 111 million households with a net worth at or below that level saw their…
Read more »Staring Armageddon In The Face But Hiding It With Official Lies –Paul Craig Roberts
10 March, 2013|Categories: Articles & Columns|Tags: armageddon
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According to the Bureau of Labor Statistics, the US economy created 236,000 new jobs in February. If you believe that, I have a bridge in Brooklyn that I’ll let you have at a good price. Where are these alleged jobs? The BLS says 48,000 were created in construction. That is possible, considering that revenue-starved real estate developers are misreading the…
Read more »Washington’s Hegemonic Ambitions Are Not in Sync With Its Faltering Economy — Paul Craig Roberts
07 January, 2013|Categories: Articles & Columns|Tags: It's not that his ambitions were great
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In November the largest chunk of new jobs came from retail and wholesale trade. Businesses gearing up for Christmas sales added 65,700 jobs or 45% of November’s 146,000 jobs gain. With December sales a disappointment, these jobs are likely to reverse when the January payroll jobs report comes out in February. Family Dollar Stores CEO Howard Levine told analysts that…
Read more »More Phony Employment Numbers
08 December, 2012|Categories: Articles & Columns|Tags: paulcraigroberts.orgmore phony employment numbers
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Statistician John Williams (shadowstats.com) calls the government’s latest jobs and unemployment reports “nonsense numbers.” There are a number of ongoing problems with the released numbers. For example, the concurrent-seasonal factor adjustments are unstable. The birth-death model adds non-existent jobs each month that are then taken out in the annual downward benchmark revisions. Williams calculates that the job overstatement through November…
Read more »Our Collapsing Economy and Currency
01 December, 2012|Categories: Articles & Columns|Tags: Currency
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Is the “fiscal cliff” real or just another hoax? The answer is that the fiscal cliff is real, but it is a result, not a cause. The hoax is the way the fiscal cliff is being used. The fiscal cliff is the result of the inability to close the federal budget deficit. The budget deficit cannot be closed because large…
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