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Archive for October 21st, 2010

A Public Policy Scorecard

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by Gordon T. Long,
Posted originally October 20, 2010

Excerpted from Currency Wars– Misguided US Economic Policy: What have our Political Leaders achieved?

LET’S RECAP WHERE WE ARE BECAUSE THE HAPPY FACE MEDIA DOESN’T WANT TO TELL YOU. The media is reluctant to inform you because it hurts consumer consumption and therefore advertising revenues. It simply isn’t smart business to publicly state the reality of the situation, and by the way, the media gets sued for any possible unsubstantiated negative comments that might stop a stock(s) from rising. Six corporations now collectively control US media and absolutely dominate news and entertainment.

“When you control what Americans watch, hear and read you gain a great deal of control over what they think. They don’t call it ‘programming’ for nothing”. Americans now watch on average 153 hours of television a month. You would think with this level of information consumption we would be informed – somewhat?

I’m sure you are all familiar with the facts in the chart above. No? Is it because no one tells you? Still skeptical? How many of the following major facts are you familiar with and you hear your political candidates discussing? Tick them off as you read them.

THE FACTS – JUST THE FACTS! – Of the 35 facts below, how many will you hear during the campaign?

1- The United States has lost approximately 42,400 factories since 2001.  About 75 percent of those factories employed over 500 people when they were still in operation. Source: The American Prospect

2- The United States has lost a total of about 5.5 million manufacturing jobs since October 2000. Source: The American Prospect

3- The United States has lost a whopping 32 percent of its manufacturing jobs since the year 2000.

4- As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time less than 12 million Americans were employed in manufacturing was in 1941.

5- In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent. Source: The American Prospect

6- Ten years ago, the United States was ranked number one in average wealth per adult. In 2010, the United States has fallen to seventh.

7- The United States once had the highest proportion of young adults with post-secondary degrees in the world. Today, the U.S. has fallen to 12th.

8- American 15-year-olds do not even rank in the top half of all advanced nations when it comes to math or science literacy.

9- In America today, consumption accounts for 70 percent of GDP. Of this 70 percent, over half is spent on services. Source: Economy In Crisis

10- In 2001, the United States ranked fourth in the world in per capita broadband Internet use. Today it ranks 15th. Source: MACLEANS.CA

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Benny tosses Bond Cash on the Fires of Deflation

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by Roger Wiegand
Posted originally Oct 18 2010

Europe Stops Spending And Moves Toward Saving
Most of the world has stopped spending. The USA continues to accelerate with futile pump priming. Result: As the American dollar weakens on over-printing, what does this do to those installing new and severe austerity reforms in Europe and other nations? This is not going to end well at all. Could QE2 smash the system in 2011? Maybe.

OUR PATHETIC WASHINGTON ADMINISTRATION, INCLUDING MOST MEMBERS OF CONGRESS and the White House have badly failed the American people. The international spillover from their mistakes now threatens to implode the entire world’s economic system of currencies and trade. The US Dollar is going weaker while inflation ramps up.

We are not saying other countries or the GOP have clean hands either, but the root of this mess emanates from the American Capitol and New York global banks. The IMF, World Bank, United Nations, most central bankers and their One-Worlder buddies are playing the same tune in concert. Now that currency and trade disruptions popped-up, we envision a race to the bottom a la Smoot-Hawley Tariffs, price controls and higher taxes.

Our top advisor has named most of these people psychopaths for their permanently disabled minds. They have a serious personality disorder, “Especially one manifested in aggressively antisocial behavior.” He suggests these people are particularly drawn to positions of power as they exhibit as the dictionary says, “Any severe mental disorder, with or without organic damage, characterized by a deterioration of normal functioning, and intellectual and social functioning by a complete withdrawal from reality.”

For new results and a better outcome we suggest they stop digging.
Here we see a derelict steam shovel in Alaska; major components visible include boiler, water tank, winch, main engine, boom, dipper stick, crowd engine, wheels and bucket. This resembles the derelict, congressional political machine. Worn out, busted and broke, these politcal gangsters need a trip to dad’s woodshed or the psychiatrist’s couch. Their American Charter is supposed to be Defend the Nation and operate the US Treasury. All the rest is just noise and waste. They have failed on all counts and its getting much worse. Are you sleeping well these days, trusting America to Nutcases?

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