Tag Archives: fake news

Trust In The United States Was Bombed Away

Trump employing a “wag the dog” strategy, in which he highlights his leadership on an international crisis to divert attention from domestic political problems, is reminiscent of President Bill Clinton’s threats to attack Serbia in early 1999 as his impeachment trial was underway over his sexual relationship with intern Monica Lewinsky. – Robert Parry, posted on Consortiumnews.com

Robert Parry has a blue chip track record as an investigative reporter.  He broke many news stories about the Iran-Contra affair for AP and Newsweek (back when mainstream news sources were a lot less fake) and he broke the story revealing the CIA was trafficking cocaine with the Contras in the United States in the 1980’s (we’re confident the CIA has upped its drug dealing game now that it has control of the poppy crops in Afghanistan).

Despite apparent internal dispute over the validity of the intelligence that Assad’s regime unleased a poison gas attack on ISIS, president Trump bombed Syrian air force assets.   According one of Parry’s CIA sources, the gas attack was a staged “false flag” event designed to provoke Trump into reversing his recent policy pronouncement that it would not seek regime change in Syria.   It’s also been questioned as to whether or not the gas released was even Sarin.

Amusingly, the staunch neoconservative propaganda rag known as the “Washing Post” published an editorial questioning the legitimacy of Trump’s missile attack.  Even some of the war-thirsty lunatics on Fox News were questioning the decision.

The U.S. has lost its economic and political edge in the global community.   The evidence of this mounts.  Russia and China (and other eastern bloc countries) are accumulating physical gold hand-over-fist as part of a strategy to bolster their currencies and remove the U.S. dollar as the world’s reserve currency.

China and Japan, the two largest financiers of the United States’ debt-fueled consumerism and Government deficit spending, have been quietly reducing the amount of Treasuries they hold and are willing to buy.

It’s become apparent to most outside of the United States, and to some inside, that the U.S. has become one big fraud.  The stock market is artificially propped up to prevent a crash that would wipe out America’s retirement funding assets and collapse the banking system;  via the Fed,  the U.S. has orchestrated a flow of funds system by which a few of its puppet Central Banks (Belgium, Swizterland and Ireland – the value of Ireland’s U.S. Treasury holdings now exceeds its GDP) fund Treasury debt auctions;  and a propaganda-based political system has been created that would make Joseph Goebbels blind with envy.

At the root of this fraud is a fraudulent monetary system that requires the Central Bank, together with the Treasury Department, to control the price of gold for as long as possible. This is accomplished via the issuance of an unending supply of paper “fake” gold to help keep the “market” price of gold in check on the Comex and the LBMA.

At some point the demand for physically delivered gold and silver from the east will sabotage the paper manipulation operation.  That’s point at which the United States will collapse.  In today’s episode, the Shadow of Truth discusses the latest events driving U.S. politics and markets:

Fake News And Real Money

But the most brilliant propagandist technique will yield no success unless one fundamental principle is borne in mind constantly and with unflagging attention. It must confine itself to a few points and repeat them over and over. Here, as so often in this world, persistence is the first and most important requirement for success. – Adolf Hitler

Propaganda, also known as “fake news,” has become the norm in mainstream media reporting. Somehow the idea of Russia hacking the DNC computers morphed into the generic, “Russia hacked the election.” Per Hitler’s formula, Hillary Clinton introduced the idea during one of the presidential debates and kept repeating it until the press seized it and ran all the way with to the end zone with “Trump is a Russian ally.” Now Congress is pre-occupied with the fraudulent charge that Russia is controlling U.S. politics. The whole spectacle is beyond idiotic.

In a similar manner, the reporting of economic statistics has become another tool of propaganda. The Government, as we all well know by now, spits out economic reports based on shoddy statistical samples that are seasonally adjusted. Then the data that is cooked for any specific month is annualized. While the result might not be too far off base for any specific month, the errors aggregate over time so that some statistics, like the GDP report, bear no resemblance to reality.

A great example of using propaganda to promote an idea is the continuous mantra coming from the National Association of Realtors that “low inventory” is hampering home sales. It’s an effective device to make the public think that a lack of homes for sale is the explanation for declining sales. It’s also a lie. Homebuilders are sitting on a record level of inventory. Flippers and investors bought 37% of all existing homes that traded in 2016. Many are sitting on homes they can’t sell for enough to cover their rehab expenses. The over $750,000 segment of the market is flooded with inventory.

The truth is that, if you examine the historical data in order to question the NAR’s assertions, the facts show that since 1999 – which is when the Fed began tracking existing home sales – relative inventory levels do not drive home sales:

In fact – if anything – there is an inverse correlation between inventory levels and home sales. In other words, since 1999, homes sales rise when inventories are low!

Thus propaganda is a tool used to manage public perception.  Unfortunately, a high percentage of the population only consumes headlines and sound-bytes.  It’s the perfect set-up for politicians to employ Hitler’s advice on administering propaganda.  The commonly accepted idea is, in fact, the opposite of the truth.

The commandeering of a country by elitists begins by eliminating real money and replacing it with a fraudulent fiat currency.  But the eastern hemisphere is moving in an opposite direction as the west.  As reproduced in The Daily Coin, Russia and China have quietly struck an agreement laying the groundwork to replace the U.S. dollar’s reserve status with a gold-backed currency system:   Moscow and Beijing join forces to bypass US dollar in world money market.    In today’s episode of the Shadow of Truth we discuss the decline of the United States and the advancement of the new superpower bloc emerging in the east.

Gold & Silver Manipulation: The Biggest Financial Crime In History

Investment Research Dynamics is pleased to present another truth-seeking missile launched by Stewart Dougherty:

This crime is already 285 times bigger than the LIBOR scandal, and 500 times bigger than Madoff’s swindle. It is, in fact, the largest, most destructive financial crime in history.

According to the mainstream financial media (MFM), the biggest financial frauds in history are the Bernie Madoff Ponzi scheme, with roughly $20 billion in net investor losses, and the Bank State rigging of LIBOR, which resulted in 16 guilty banks paying $35 billion in fines, which supposedly equated to their theft.

The MFM have conveniently ignored a far larger financial crime that has been perpetrated for 37 years and counting, and that has netted its orchestrators more than $1,000,000,000,000.00 ($1 trillion) in stolen profits. This crime is so powerful that it can produce fraudulent proceeds of $1+ billion on demand and in minutes, making it unique in the annals of theft. It is a crime that has been committed literally thousands of times since 1980, and is now being committed in the most blatant and brazen manner ever. This crime is already 285 times bigger than the LIBOR scandal, and 500 times bigger than Madoff’s swindle. It is, in fact, the largest, most destructive financial crime in history.

To read the rest of this, please click here:  Gold & Silver Manipulation

 

Bank Loans Take A Dive: It’s The Economy, Stupid

I am compelled to correct a report posted on Zerohedge about the cliff-dive going on in commercial, industrial and consumer loans.  The report in ZH suggested the plunge is connected to two possibilities:  1)  this one from a Wall Street sleazebag from Barclays: “it is possible that companies have shifted from the loan to the bond market, and are selling more bonds to lock in cheap financing before rates rise, while not encumbering assets with issuing unsecured debt;” and 2) political uncertainty connected to Trump.

The first possibility could have some small amount of legitimacy except that if you parse through all the data available at the Fed, you’ll see that bank credit has plunged across the entire spectrum of U.S. business (I used size of loan as the proxy). Smaller businesses do not have access to public credit markets and thus the first explanation is the typical apology for a negative economic report that we would expect from a Wall Street con-artist. The second possibility is part of the anti-Trump narrative found in the fake news reports coming from the ignorant.

“It’s The Economy, Stupid”

That quote was created by James Carville as one of Bill Clinton’s campaign slogans in 1992. Those words ring even truer today. A primary example is the restaurant industry numbers discussed above. “Hope” and “confidence” do not generate economic activity. And “hope” is not a valid investment strategy. A better guide to what’s happening to economic activity on Main Street is to see what banks are doing with their lending capital. I borrowed the two graphs below from the @DonDraperClone Twitter feed (click to enlarge):

Commercial bank lending is a great barometer of economic activity. The top graph above shows the year over year percentage change in commercial and industrial loans for all commercial banks. You can see that the rate of bank lending to businesses is falling doing a cliff-dive. These are primarily senior secured and revolving credit loans that sit at the top of the capital structure. If bank lending is slowing down like this, it means two things: 1) the ability of businesses to repay new loans is declining and 2) the asset values used to secure new loans will likely decline. In fact, it is highly probable that the tightening of credit by the banks is a directive from the Fed. Yes, the Fed.  Despite its public commentary suggesting otherwise,  the Fed knows as well as anyone that the economy is tanking.  This is why the Fed can’t hike rates up to a level that would bring real interest rates up to at a “neutral” level (using a real price inflation measure, Fed Funds needs to be reset to at least 6%, and likely higher, to get the real rate of interest up to zero).

The only reason the Fed might “nudge” interest rates higher next week is for credibility purposes. Everyone knows inflation is escalating, which makes it difficult for the Fed to keep interest rates so close to zero. In addition, a rate hike now, even though it will be insignificant in magnitude, will give the Fed room to take rates back to zero when the public and Congress begin to scream about economy.

The second graph shows the year over year percentage change in auto loans. The implications there are fairly self-explanatory. Auto sales are slowing down because the “universe” of potential prime and subprime rated car buyers, new and used cars, has been largely exhausted. In fact, with the default rate on subprime auto loans beginning to hit double-digits, the next phase in the automobile credit market will likely be credit implosion crisis.

The above commentary was an excerpt from the latest issue of the Short Seller’s Journal.

ADP’s Job “Creation” Report Is A Fraud

Put it on CNN and it’s “true.”  Americans will turn on their tv’s and open their newspapers tomorrow (the small percentage that still read newspapers) to hear and read that the U.S. economy “created” nearly 300,000 jobs in February – at least according to ADP. .

The easiest way to hold ADP accountable and eviscerate the credibility of their report is to examine their “methodology.”  Of course, this requires searching the ADP website to find the area way at the bottom where it describes its “methodology,” something no fake news reporter or analyst has to time with which to bother.

As ADP describes in its “methodology” section, it seeks to “closely align” the final output of its calculations with that of the “final print of the U.S. Bureau of Labor Statistics (BLS) numbers.”  Thus,  ADP’s “job creation” report is really nothing more than a regurgitation of the fraudulent employment report issued by the U.S. Government.

Here’s the other variables of input that the new ADP methodology now incorporates into its methodology used in ADP’s  “enhanced  ADP National Employment Report

  • ADP matched-pair growth rates by industry
  • Lagged values of BLS estimates of growth of employment by industry with industry specific restrictions
  •  Unemployment Insurance Claims (UNI_US)
  •  Oil Prices
  •  The Michigan Consumer Sentiment Index (CSENT_US)
  •  The Composite Index of Leading Indicators (LEAD_US)

The “soft” data reports above have nothing do with job creation.  Unemployment claims are historically low because the labor force participation rate is historically low, which means that the number of people who are terminated and can file for nemployment benefits is historically low.  How is this variable an input on job creation?

WELCOME TO ADP’S RABBIT HOLE

Since when did the manipulated price direction of oil create jobs?  Consumer confidence creates jobs?  Please.  In fact, ALL of the variables listed above and used by ADP in formulating its job creation report are highly manipulated and in no way represent the process by which jobs are created – other than the growth in propaganda creation positions at the Government and at the mainstream media outlets.

But there’s more.  ADP claims that 106,000 jobs were created in February in the “goods producing sector.”  The primary goods producing sector in the U.S. is the auto industry, which is currently cutting jobs in order to cut production in the face of record auto inventory sitting on dealer lots.  In fact, GM announced 1,100 job cuts at one of its production facilities yesterday.

ADP also claims that 66,000 jobs were “created” in construction. But we know based on the Government’s construction spending report that the Government alone cut construction spending by nearly 8% last month.  Most major cities around the U.S. now have years of apartment inventory.  For instance, San Francisco now has 5 years of vacant supply:  LINK.   Commercial real estate occupancy rates are soaring with the number of retailers filing bankruptcy and closing stores.  At least 7 major retailers this year have filed chapter 11 or are in the process of trying to restructure debt.  This is a major source of job loss and it’s simply not credible that commercial construction is on the rise, which means that the 66,000 “new” jobs attributed to construction is a complete fraud.

Leisure and hospitality is credited with producing 40,000 new jobs in February.  I’d love to sit down with the ADP analyst to find out where this number came from.  The restaurant industry experienced revenue declines nearly every month in 2016.  Same-store-sales and foot traffic plunged across the industry.  It’s inconceivable that the leisure and hospitality industry produced this many jobs, if any at all, given the underlying fundamental condition of the median average household, which has been experiencing declining real disposable income for several years now

The report also gives credit to small businesses for “creating” 104,000 jobs.  This is  not even remotely credible.  A report out just a couple months ago stated that the creation of new businesses in the U.S. is at a 40-year low:  LINK.  Does anyone really believe that Trump’s “hopium” effect suddenly inspired a rush to start new businesses which then hired 104,000 people?

There’s several more inconsistencies in ADP’s report. I’ll leave it to the reader to sort through the actual report itself and decide what’s real and what’s fraudulent.  As far as I can tell, the ADP report has been designed to piggy-back and “confirm” the fraudulent employment issued by the Government every month.

 

Big Brother In America Is The Media

Journalism and a free, open media is another “check and balance on the three branches of Government and we don’t have that check and balance anymore.” – Shadow of Truth

One of the hallmarks of a totalitarian political regime is control of the media. In 1996 president Bill Clinton signed into law the Telecommunications Act of 1996. This law, which was bought and paid for by corporate media lobbies, allowed big corporations to acquire and consolidate media outlets nationwide.

The 1996 law lifted the limit on the number of television and radio stations any one corporation could own. In 2003, the FCC voted to lift the ban on cross-ownership of newspapers and full-power broadcast stations that serviced the same community. This was the final nail in the coffin of free and competitive media and news-reporting in the U.S.

The 1996 Clinton law followed by the lifting of the cross-ownership ban enabled Corporate America to increase their monopoly on the flow of information in the U.S. and around the world. Now six corporations control well over 90% of all media in the U.S.: NewsCorp, Disney, Viacom, Time Warner, CBS and Comcast.

“Wall Street slips on and geopolitical worries” (Reuters headline).   What does the Trump/Obama wiretapping squabble have to do with whether the stock market goes up or down? It has nothing to do with whether or not corporations can produce goods and services profitably. Too be sure the accusation of wiretapping and the possibility that the accusation is accurate is troublesome in and of itself.  But it has nothing to do with the fact that the stock market is currently the most overvalued in U.S. history.

The headlines, however  reflect the degree to which all media reporting in the U.S. is now under the control of Corporate America – a Corporate America that has assumed control of the political process and has become Orwell’s  Big Brother .

Most people associate the term “fascism” with an authoritarian and nationalistic political system. But it’s much more than that. Mussolini described “fascism” as the merger between Corporations and Government. The political system in the U.S. can easily be considered “fascist,” as Corporate America and Wall Street have used billions of dollars to take over the entire political process including all of the mainstream outlets of communication and news reporting.

The result is directly reflected in the nature of the 2016 presidential and congressional elections. The content of any news reporting is now a product of the material fed through the broadcast and print communication outlets controlled by six corporate monoliths and the Too Big To Fail banks that finance the system.

A good friend and colleague of the Shadow of Truth, John Titus, once quipped with regard to the public’s consumption and acceptance of anything reported as news, “put it on CNN and it’s true.” This statement succinctly summarizes the propaganda which supports the process by which the Government seeks to control the views and perceptions of the public at large.  In today’s Shadow of Truth podcast, we toss around that fact that the United States has become a Goebellsian “playground” and George Orwell’s nightmare:

Chris Martenson: The Mother Of All Bubbles

The Daily Coin sat down with Chris Martenson to discuss the hijacking of the system by the wealthy insider elites and the banks:

The system is rigged against each of us. If you are not a member of the “big club” then you, like myself, have to live with the fact that we are nothing more than an ATM for the uber wealthy. We supply all their toys, entertainment and wealth. The sad part is, we do it willingly.

Here’s how bad it is. You wanna know how bad this is? They don’t even care about optics any more. JP Morgan yesterday announced for the last four years they have only experienced two days of trading loses. There’s about 200 trading days a year. So, out of 800 days only 2 days were loses, but 2016 that number was zero. No day loses and their average take, “from trading the markets” was $80 MILLION a day. Chris Martenson, The Daily Coin

On Thursday March 2 silver was monkey-hammered to the tune of more than a 4% drop in under an hour. There was more than $2 BILLION of digital contracts dropped on the “market” during this time to achieve this massive drop. Gold was, to a degree, spared and only suffered about a 2% drop. Silver was the focus of the bullion banking cartel.

Here’s the thing. These criminal banksters do NOTHING to produce wealth. Their job is stealing. If you or I were to commit a crime, like market rigging, we would be in federal prison on several felony charges, including conspiracy, and would be treated like the criminal we are. The banksters, on the other hand, are treated like royalty for committing the same crime on a global scale. Their crimes should actually be considered crimes against humanity as these crimes impact millions upon millions of people.

The Deep State’s Message: Prepare For Totalitarianism

I find the current political situation to be as bad as I thought it would be when I forecasted it about ten years ago. The worst is yet to come. The corruption in the system is becoming much more apparent. The extreme biases in the mainstream media in favor of their particular owner’s faction is fairly obvious…The moneyed class turned the law and the thought leaders framing to their own benefit, and would now do anything they can to keep their ill-gotten gains. – “Jesse,” from Jesse’s Cafe Americain

Were you aware that the Government is starting to implement eye-scanners as part of the airport security protocol?  If you doubt that, then read this:  U.S. Marshals Scanned My Retina.   The TSA circus is all for show. It’s a way for the Government to get us used to following its orders and a way for the manufacturers of the technology used to make billions from selling that technology to the Government.   It also is an excuse for the Government to create employment for those who lack the competency to find a job in the private sector.

Ben Franklin said, to paraphrase, those who are willing to give up some freedom in exchange for security will end up with neither.  That’s where we are today, America.  The Patriot Act was written well over a year before 9/11.   The blueprint for the Department of Homeland Security was crafted in the mid-1990’s, during Clinton’s presidency.

It’s all stunningly Orwellian.  Even the terms used to describe newly created Government functions are right out of “Animal Farm” and “1984.”  The totalitarian control, confiscation of wealth by those in a position to confiscate and the use of technology to invade and regulate our private lives was prophesied by Orwell, Ayn Rand (“Atlas Shrugged”) and Aldous Huxley (“Brave New World”).    The technology that we take for granted as making our lives better is being used to remove our rights and freedoms.

Ironically, it all starts with the control of  the monetary system.  Those who control a nation’s currency need not be concerned about who or what makes the laws (Mayer Rothschild).   A few unelected “officials” control the United States’ creation of currency, which is then used as a tool to confiscate wealth – at first slowly and soon it will happen all at once.

In today’s episode of the Shadow of Truth, we discuss the Orwellian fog that is enveloping the nation and connect the political control our lives to the control of interest rates and gold:

Alan Greenspan Endorses The Gold Standard

In his remarkable essay, “Gold and Economic Freedom,” written in 1966, Alan Greenspan stated:

Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, only by the government’s promise to pay out of future tax revenues, and cannot easily be absorbed by the financial markets. A large volume of new government bonds can be sold to the public only at progressively higher interest rates. Thus, government deficit spending under a gold standard is severely limited. The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.

Greenspan of course went to become the front-man for the interminably corrupted Central Bank system, which is utilized as a wealth-confiscation and control mechanism for the elitists who control western Governments (Mayer Rotschild: “let me issue and control a nation’s currency and I care not who writes the laws”).

Interestingly, Greenspan is spending his final years coming clean about fiat currencies and the fractional banking system, as reviewed here in The Daily Coin:  LINK.   Most recently, in an interview with the World Gold Council’s “Gold Investor” publication, Greenspan fully endorses a return to the gold standard:

If the gold standard were in place today we would not have reached the situation in which we now find ourselves. We cannot afford to spend on infrastructure in the way that we should. The US sorely needs it, and it would pay for itself eventually in the form of a better economic environment (infrastructure)  LINK

We can only speculate the reasons why Greenspan has gone full circle back to his views expressed in his 1966 seminal essay about gold and is “coming clean” about economic systems based on fiat currencies rather than a gold standard.  But the fact that the former fiat money “Maestro” is now advocating the gold standard reinforces its validity.

In today’s episode of the Shadow of Truth,  we discuss the effort underway to discredit gold by the mainstream media using misinformation, disinformation and outright lies in the context of Greenspan’s stunning admissions:

Click on either image to learn more:

Fake Economic News + Overvalued Stocks = Recipe For Market Disaster

Think you know what will happen this year?  What would you have said to me on January 1st last year if I told you:  ” the S&P 500 would hit several new all-time years this year and Donald Trump will be elected President?”

Craig “Turd Ferguson” Hemke invited me on to his “A2A” webinar with his subscribers last week.  We had a spirited and (I think) entertaining discussion about abundance of fake economic news that permeates the financial media, the true state of the U.S. economy and the growing risks to the stock market.  And of course we chatted about precious metals an mining stocks.

And of course his subscribers had some interesting and thought-provoking questions. You can listen to our conversation here:  A2A with Dave Kranzler and you can access Turd’s webite here:  TFMetals Report.