Mayday Mayday Mayday 5/1/2008

When is everyone going to get it, Today we begin
the next great depression. The greatest depression?
How depressing. OK there I called it as I see it.

Over the past few years, millions of U.S. jobs have disappeared,
 and foreign competition is increasingly taking the blame.
Manufacturing jobs to China for the most part because of lower wages
 as well as no pollution controls
(Made by seven year olds for seven year olds!),
 while service sector jobs "offshored" to India.

The more than 209,000 non-farm jobs Ohio lost from 2000 to 2007
 comprised the largest proportionate decline in employment
 since the end of the Great Depression

Employment dropped by 3.7 percent, the biggest seven year
 drop since the period starting in 1939, near the end of the
 Depression and including the years the U.S. military absorbed
millions of American workers to fight World War II.


Michigan lost a greater proportion of its employment than
 Ohio during the period - 9.1 percent or 431,000 jobs.




I wish I could get a job with the government
 so I could just make the following figures up

Why is it that the federal government says the U.S.
 has virtually no inflation, I have to say this
IF YOU ARE STUPID ENOUGH to BELIEVE these FOOLS,
  less that 2 percent,  but everything keeps getting more expensive,
 especially food and gasoline?


Solving this riddle – that is, why everything costs so much
when the government tells us inflation rates are low is simple:

Me thinks The Bureau of Labor Statistics lies.

They say there figures from items that are essential.
BUT THEY ALSO USE OTHER PRODUCTS THAT ARE NOT,
 as well as, Things like gasoline prices, are not figured into the inflation rate

Milk, cheese, petrol, beer, bread we all understand.


take out variables like.

 Rent, Mortgages, Food, Fuel of all kinds, Fares,
Interest Rates, Water Charges, Bank Charges
 (sorry administration fees), Devaluation in Currency.

They do, to be fair, included the price rise for things
 we all use like Pickled Walnuts @ 2.98%.

They use all sorts of products that give them
the lowest figure possible that is just about credible.
But an ipod (Electronics, how often do you go out
and buy those?), that is hardly essential now is it.



Inflation numbers are intentionally manipulated
to keep cost-of-living numbers low.

If the average chief executive officer cooked balance
sheet numbers the way the U.S. Bureau of Labor Statistics
calculates the Consumer Price Index, the CEO would be in jail

Why does the federal government lie about inflation?

Again, the direct answer is simple.

Telling the truth about inflation would require the Federal Reserve
 to raise interest rates and that would be bad for economic growth.

Besides, hundreds of billions of dollars in government entitlement
payment outflows depend on the inflation number.

For instance, federal law mandates that Social Security checks
increase thanks to "cost-of-living adjustments," or COLAs,
 that are supposed to compensate for inflation.




So, higher inflation numbers cost the federal government
millions more in increased Social Security payments.

But when the Bureau of Labor Statistics intentionally rigs
the Consumer Price Index calculations to low-ball the
 inflation rate, Social Security entitlement payments are kept level.

As a result, retirees quietly lose billions of dollars that should
have been paid out, had the cost of living numbers been
reported honestly. But the government saves the expense.

How does the federal government manipulate inflation numbers?

The Consumer Price Index, or CPI, is the central statistic
 the federal government uses to calculate inflation.

The CPI is a complex government statistic that was introduced
in the 1920s to track the market cost of a "basket of goods and services."

Beginning during the Carter administration, federal economists
 cleverly redefined the CPI, with the goal of removing from the
 index expensive items, including food and energy, that would
 push the CPI higher. (food energy yep don't use those every day)


 Core inflation excludes items such as food and energy
because food and energy "face volatile price movements."

In other words, since food and energy prices can spike upwards,
as they have this year, the Bureau of Labor Statistics calculates
"core inflation" without food and energy prices, under the rationale
that food and energy price spikes are merely temporary price
shocks that would distort the measurement of
underlying long-term inflation.

To a family faced with paying rising food costs to feed
 the kids and skyrocketing gas costs just get to work,
 the definition of "core inflation" at 2 percent is a joke,
not at all reflective of the increased dollars the family
has to shovel out just to get by.



Even more disturbing, the Bureau of Labor Statistics'
calculation of "core inflation" is not limited merely to
throwing food and energy prices out of the CPI.

The price of any good or service in the CPI market basket
prone to spiking can be thrown out, under the rationale
 that the items with the largest price changes reflect
passing market disequilibrium that would distort the
measurement of long-term trends.

When removing expensive items from the CPI market
 basket of goods and services was not enough to depress
 inflation numbers, the Bureau of Labor Statistics innovated
 even more, changing the "weighted factors" used in calculating
 CPI statistics, so the results end up under-reporting the
 true inflation people experience in everyday living.






Manipulations of the CPI involved the consideration that
 when steak got too expensive, the consumer would
substitute hamburger for the steak.
So, the inflation measure should reflect the costs
of buying hamburger, not steak.

Of course, replacing hamburger for steak in the calculations
would reduce the inflation rate, but it represented the rate of
 inflation in terms of maintaining a declining standard of living.
 Cost of living was being replaced by the cost of survival.

The old system told you how much you had to increase
 your income in order to keep buying steak,
 The new system promised you hamburger,
 and what will be next dog food, perhaps, after that.

The results of this under-reporting are dramatic,
 with the compounding effect just since the early 1990s
reducing annual cost-of-living adjustments in
Social Security by more than a third.





In truth the government have LIED. (Imagine that)
I can prove it with using all the essential products
we buy equals at least 7%
 Gasoline is well above $3.50 a gallon. "Sticker shock" comes not
just from the cost of buying a new car, but from the $80.00 or more
 it costs to fill up the gas tank, even if you don't own an SUV.

You're lucky if $100 buys two bags of groceries at the supermarket!

Thats also adding some electrical goods that have actually
come down in price this year as to be as near as damn it,
 using the government's inflation model.

So, when you wonder why food and gasoline cost so much
 when the government says inflation is low, just remember:
You are being lied to –
something I suspect you already figured out long ago,
 just by going to the supermarket and the gas station.



Whats important is what you believe.
 Don't believe anybody, anything or anyone.
Get your own information from sources
you can respect or work it out yourself.




The U.S. Department of Labor's Bureau of Labor Statistics
reported in August 2007 a remarkably low inflation rate
 of only 1.7 percent.

Trust me inflation rates are ALWAYS
higher than the government specifies.
 We all know it's much higher.
 We only wish it were only 1.7 percent.

Suicide rates are rising, Bank foreclosures, hyperinflation,
 The war of no end in sight with west Asia
AKA Operation Enduring Occupation,
 Jobs outsourced/lost, this is just the beginning

 What can I say, We're in a big mess right now.

We've been so sold out to foreign manufacturing,
lied to by those who we elect to work for us and
robbed of our American Heritage of freedom.
This is just so depressing, regrettably
 I don't see it getting better any time soon.

Thats my opinion, I really hope I'm way off an this prediction.