Interview with World Affairs Monthly
05 October, 2012|Categories: Interview archive . Interviews|Tags: world affairs interview
World Affairs Monthly recently had some communication Paul Craig Roberts. Roberts worked for President Ronald Reagan and was Assistant Secretary of the US Treasury. I proposed an interview and he asked me to send him some questions, which I did. Paul Craig Roberts is clearly an honest man and a very impressive intellect. He can be found on the net…
Read more »The Revolution From Above ~ Paul Craig Roberts
13 September, 2012|Categories: Articles & Columns|Tags: roberts revolution 2012
Today the Western peoples are experiencing the destruction of their well being that is comparable to what the one percent in Rome imposed on Roman citizens and conquered peoples. Here is how John Williams (shadowstats.com, 9-12-12) phrases the wipeout of Americans’ hopes: “Consumers simply cannot make ends meet. Inflation-adjusted, or real, median household income declined for the fourth-straight year, plunging…
Read more »Friday’s Jobs Report: More Lies From “our” Big Brother
04 August, 2012|Categories: Articles & Columns|Tags: about jobs report
In his report on the Bureau of Labor Statistics’ latest jobs and unemployment report, statistician John Williams (shadowstats.com) writes: “The July employment and unemployment numbers published today, August 3rd, were worthless and likely misleading. . . . Suspecting at one time that the jobs numbers were being rigged against him by his own Bureau of Labor Statistics (BLS), President Richard…
Read more »The Collapsing US Economy and the end of the world
08 July, 2012|Categories: Articles & Columns
In a recent column, “Can The World Survive Washington’s Hubris,” I promised to examine whether the US economy will collapse before Washington in its pursuit of world hegemony brings us into military confrontation with Russia and China. This is likely to be an ongoing subject on this site, so this column will not be the final word. Washington has been…
Read more »Collapse At Hand
05 June, 2012|Categories: Articles & Columns
Ever since the beginning of the financial crisis and quantitative easing, the question has been before us: How can the Federal Reserve maintain zero interest rates for banks and negative real interest rates for savers and bond holders when the US government is adding $1.5 trillion to the national debt every year via its budget deficits? Not long ago the…
Read more »No Jobs For Americans
10 March, 2012|Categories: Articles & Columns|Tags: no jobs for americans
Today (March 9, 2012) the Bureau of Labor Statistics (BLS) announced that 227,000 new nonfarm payroll jobs were created by the economy during February. Is the government’s claim true? No. Statistician John Williams (shadowstats.com) reports that 44,000 of these jobs or 19% consist of an add-on factor derived from the BLS’s estimate that 44,000 more unreported jobs from new business…
Read more »The January Jobs Are Statistical Artifacts
06 February, 2012|Categories: Articles & Columns|Tags: statistical articles 2012
Last Friday the US Bureau of Labor Statistics reported that in the first month of this new year 243,000 jobs were created and the unemployment rate (U.3) fell to 8.3 percent. This good news is a mirage. It is due to faulty seasonal adjustments and to the BLS birth/death model. In a prolonged downturn, seasonal adjustments and the birth/death model…
Read more »The Real Economic Picture
02 February, 2012|Categories: Articles & Columns
If you have any money and you want to understand the lies that “your” government tells you with statistics, subscribe to John Williams shadowstats.com. John Williams is the best and utterly truthful statistician that we the people have. The charts below come from John Williams Hyperinflation Report, January 25, 2012. The commentary is supplied by me. Here is the chart…
Read more »Economics Lesson 1
31 January, 2012|Categories: Articles & Columns|Tags: Paul Craig Roberts on inflation
Last Friday (January 27) the US Bureau of Economic Analysis announced its advance estimate that in the last quarter of 2011 the economy grew at an annual rate of 2.8% in real inflation-adjusted terms, an increase from the annual rate of growth in the third quarter. Good news, right? Wrong. If you want to know what is really happening, you…
Read more »December Payroll Jobs Report
06 January, 2012|Categories: Articles & Columns|Tags: december payroll report
The following report is based on the work of statistician John Williams of shadowstats.com. Today’s (Friday, January 6) payroll jobs report of 200,000 new jobs in December is overstated by at least 82,000 jobs. As approximately 130,000 new jobs are needed each month to stay even with population growth, the December job figures actually indicate that the US economy fell…
Read more »The Dismal Economic Outlook For The New Year
06 January, 2012|Categories: Articles & Columns|Tags: paul craig roberts economic forecast
Jobs offshoring, financial deregulation, and ten years of wars have severely damaged the US economy and the economic prospects of 90% of the American population. The signs are everywhere in front of our eyes. They are in the income distribution data, the BLS jobs data, the Census data, the poverty figures, and the high number of food stamp recipients. The…
Read more »Americans: Awash In Spin
28 September, 2011|Categories: Articles & Columns|Tags: www.paulcraigroberts.org/ greece
I have come to the conclusion that Big Brother’s subjects in George Orwell’s 1984 are better informed than Americans. Americans have no idea why they have been at war in the Middle East, Asia and Africa for a decade. They don’t realize that their liberties have been supplanted by a Gestapo Police State. Few understand that hard economic times are…
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