Tag Archives: fake news

The government’s official lies and false reality

Official government lies...

The false reality constructed for Americans parallels perfectly the false reality constructed by Big Brother in George Orwells’ dystopian novel 1984.

Consider the constant morphing of “the Muslim threat” from al-Qaeda to the Taliban, to al-Nusra, to ISIS to ISIL, to Daesh with a jump to Russia. All of a sudden 16 years of Middle East wars against “terrorists” and “dictators” have become a matter of standing up to Russia, the country most threatened by Muslim terrorism, and the country most capable of wiping the United States and its vassal empire off of the face of the earth.

Domestically, Americans are assured that, thanks to the Federal Reserve’s policy of quantitative easing, that is, flooding the financial markets with newly printed money that has driven up the prices of stocks and bonds, America has enjoyed an economic recovery since June of 2009, which must be one of the longest recoveries in history despite the absence of growth in median real family incomes, despite the lack of growth in real retail sales, despite the falling labor force participation rate, despite the lack of high value-added, high productivity, high wage jobs.

The “recovery” is more than a mystery. It is a miracle. It exists only on paper. Fake paper.

According to CNN, an unreliable source for sure, Jennifer Tescher, president and CEO of the Center for Financial Services Innovation, reports that about half of Americans report that their living expenses are equal to or exceed their incomes. Among those aged 18 to 25 burdened by student loans, 54 percent say their debts are equal to or exceed their incomes. This means that half of the U.S. population has ZERO discretionary income. So what is driving the recovery?

Nothing. For half or more of the U.S. population there is no discretionary income with which to drive the economy.

The older part of the population has no discretionary income either. For a decade there has been essentially zero interest on the savings of the elderly, and if you believe John Williams of shadowstats.com, which I do, the real interest rates have been zero and even negative as inflation is measured in a way designed to prevent Social Security cost of living adjustments.

In other words, the American economy has been skating by on the shrinkage of the savings and living standards of its population.

Last Friday’s employment report is just another lie from the government. The report says that the unemployment rate is 4.4 percent and that June employment increased by 222,000 jobs. A rosy picture. But as I have just demonstrated, there are no fundamentals to support it. It is just another U.S. government fabrication.

The rosy unemployment picture is totally contrived. The unemployment rate is 4.4 percent because discouraged workers who have not searched for a job in the past four weeks are not counted as unemployed.

The BLS has a second measure of unemployment, known as U6, which is seldom reported by the presstitute financial media. According to this official measure the US unemployment rate is about double the reported rate.

Why? the U6 rate counts discouraged workers who have been discouraged for less than one year.

John Williams counts the long term discouraged workers (discouraged for more than one year) who formerly (before “reforms”) were counted officially. When the long term discouraged are counted, the U.S. unemployment rate is in the 22-23 percent range. This is borne out by the clear fact that the labor force participation rate has been falling throughout the alleged “recovery.” Normally, labor force participation rates rise during economic recoveries.

It is very easy for the government to report a low jobless rate when the government studiously avoids counting the unemployed.

It is an extraordinary thing that although the U.S. government itself reports that if even a small part of discouraged workers are counted as unemployed the unemployment rate is 8.6 percent, the presstitute financial media, a collection of professional liars, still reports, in the face of the government’s admission, that the unemployment rate as 4.4 percent.

Now, let’s do what I have done month after month, year after year. Let’s look at the jobs that the BLS alleges are being created. Remember, most of these alleged jobs are the product of the birth/death model that adds by assumption alone about 100,000 jobs per month. In other words, these jobs come out of a model, not from reality.

Where are these reported jobs? They are where they always are, in lowly paid domestic services. Health care and social assistance, about half of which is “ambulatory health care services,” provided 59,000 jobs. Leisure and hospitality provided 36,000 jobs of which 29,300 consist of waitresses and bartenders. Local government rose by 35,000. Manufacturing, once the backbone of the U.S. economy, provided a measly 1,000 jobs.

As I have emphasized for a decade or two, the U.S. is devolving into a third world workforce where the only employment available is in lowly paid domestic service jobs that cannot be offshored and that do not pay enough to provide an independent existence. This is why 50 percent of 25-year-olds live at home with their parents and why there are more Americans aged 24-34 living with parents than living independently.

This is not the economic profile of a “superpower.”  The American economy that offshoring corporations and financialization have created is incapable of supporting the enormous U.S. debt burden. It is only a matter of time and circumstance until the US debt burden becomes completely unmanageable.

 

[From an article by Paul Craig Roberts, published by PERSONAL LIBERTY]

 

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As always, posted for your edification and enlightenment by

NORM ‘n’ AL, Minneapolis
normal@usa1usa.com
612.239.0970

 

 

 

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CNN has now lost all credibility following admission by senior network executive that entire Russia interference story is false

Fake News Network

Nobody needs to dig a grave for CNN because they have done that themselves by simply lying the company to death.  There has been scandal after scandal at the network, and now one of their producers has been caught on undercover video admitting that CNN has been pushing fake news stories about a connection between Donald Trump and Russia in a desperate attempt to get ratings.  In other words, CNN’s entire Russia narrative has been a complete lie all along.  Unfortunately for CNN, they are going to discover that once your credibility is gone it is incredibly difficult to ever get it back.

Yesterday, Project Veritas made headlines all over the world when it released undercover video of CNN Producer John Bonifield admitting that CNN’s Russia narrative is fake news.  If you haven’t seen it yet, you can view the entire video right here.   When one of your top producers admits that the story CNN has been pushing for months is basically a load of cow manure, it is impossible to maintain the pretense any longer that you are a legitimate news organization.

Project Veritas has released a video of CNN Producer John Bonifield who was caught on hidden-camera admitting that there is no proof to CNN’s Russia narrative.

“I mean, it’s mostly bull**** right now,” Bonifield says. “Like, we don’t have any giant proof.”

He confirms that the driving factor at CNN is ratings:

“It’s a business, people are like the media has an ethical phssssss… All the nice cutesy little ethics that used to get talked about in journalism school you’re just like, that’s adorable. That’s adorable. This is a business.”

And of course this comes on the heels of three reporters being forced out of CNN for publishing a false story that attempted to link a Russian investment fund with Trump…

Three CNN employees have handed in their resignations over a retracted story linking President Trump to Russia, the network announced Monday.

The article was removed from CNN.com on Friday after the network decided it could no longer stand by its reporting.

“In the aftermath of the retraction of a story published on CNN.com, CNN has accepted the resignation of the employees involved in the story’s publication,” a network spokesperson told TheWrap in a statement.

President Trump has taken a lot of heat for referring to CNN as “fake news”, but after the events of the past several days he has been completely vindicated.

And once news broke of three reporters being forced out of the network for a false story about Russia, he took a bit of a victory lap with this tweet

Wow, CNN had to retract big story on “Russia,” with 3 employees forced to resign. What about all the other phony stories they do? FAKE NEWS!

It is exceedingly difficult to see any sort of future for the network after all of this.

And of course other major news outlets have been guilty of pushing fake news about Russia too.  The following comes from the Intercept

Over and over, major U.S. media outlets have published claims about the Russia Threat that turned out to be completely false — always in the direction of exaggerating the threat and/or inventing incriminating links between Moscow and the Trump circle. In virtually all cases, those stories involved evidence-free assertions from anonymous sources that these media outlets uncritically treated as fact, only for it to be revealed that they were entirely false.

But with CNN it has always been on another level, and we now have a top insider on tape admitting that a connection between Trump and Russia is being pushed even though there isn’t any evidence.  In fact, Bonifield says that CNN CEO Jeff Zucker has been personally pushing this angle himself

“Just to give you some context, President Trump pulled out of the climate accords and for a day and a half we covered the climate accords. And the CEO of CNN (Jeff Zucker) said in our internal meeting, he said good job everybody covering the climate accords, but we’re done with that, let’s get back to Russia.”

I can’t imagine that Zucker gets to keep his job now that this has been revealed.

All along, Trump has insisted that this whole thing with Russia has been a “witch hunt”, and it turns out that Bonifield feels the exact same way

“I just feel like they don’t really have it but they want to keep digging. And so I think the President is probably right to say, like, look you are witch hunting me. You have no smoking gun, you have no real proof.”

If this doesn’t kill “the Russia story”, nothing will.

This whole thing has been a massive charade from the very beginning, and the big news networks have been endlessly pushing it for ratings.

In their zeal to destroy Trump, they have destroyed their own credibility.  Once upon a time, most mainstream journalists at least tried to pretend they were being objective, but those days are obviously long gone.

Today everyone has an agenda.  Every single person you see on television has a message to promote, and that message can be, and usually is, nothing more than a misguided reflection of that person’s political viewpoint. When the misguided political viewpoint is coming from so-called news organizations, the best thing you can do is simply turn off the TV and look for truth somewhere else.

 

[From an article published by The Economic Collapse Blog]

 

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As always, posted for your edification and enlightenment by

NORM ‘n’ AL, Minneapolis
normal@usa1usa.com
612.239.0970

 

 

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Timely quote from Mark Twain (over a hundred years ago)

Mark Twain said it best...

 

As always, posted for your edification and enlightenment by

NORM ‘n’ AL, Minneapolis
normal@usa1usa.com
612.239.0970

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