Jump to content

Is the news media and government lying about the economy and inflation?


Recommended Posts

Yeah, about those jobs…

 

For the dismal numbers behind the screaming headlines, let’s go to economics Ph.D. (and portfolio manager) Robert Barone at Forbes.

ASIDE: Be choosey before reading anything written by a Forbes contributor. Those two simple words — “Forbes contributor” — can mean anything from “sharp analysis” to “totally random crap produced by three hyperactive spider monkeys on two typewriters” and literally everything in between. But Robert Barone is usually quite good, and this piece is sharp.

Barone wrote, “The workweek, itself, contracted to 34.1 hours from 34.3 in December and 34.4 in November. This is the lowest number since March 2020 (the pandemic) and, before that, November 2008 (Great Recession).”

“Rosenberg Research calculated that, despite the job gains, total hours worked actually contracted.” [Emphasis added.] In fact, the Household Survey — “the one the media ignores,” as Barone put it — “showed up with a -31K headline jobs number, and a fall of -63K in full-time jobs.” Worse, the labor participation rate remains down. Americans are working more part-time jobs because there are fewer full-time jobs to go around — a sizable fraction of last month’s jobs went to people taking on a second or third job.”

https://citizenwatchreport.com/bidenomics-is-working/

Link to comment
Share on other sites

21 hours ago, Mr H said:

Not sure accurate blame government or hidden hand for immigration. Sure one piece is it's easy to get into west. But has been the case for centuries. Not new easy immigration policy we have...

 

Reason why people immigrate. Because of economics not the government.

 

I'm also not sure what you expect the government to do about immigration. We don't have enough police to police the streets, we don't really have a navy anymore. Governments typically are unorganized and useless. Even if they wanted to I don't think they could stop immigration.

 

I agree they are not bothered whether England remains "English" whatever that means, we're all mixed anyway. But the reason we have an immigrant population is because economics. Not a Mystical group of folks no one has ever met.

 

There's a whole other thread about mass immigration, and another one on endocrine disrupting chemicals, so I won't labour the point here. But some of us are joining the dots between a system which is defertilising the native population at the same time as opening the gates to very different peoples with no intention of integration. Governments in many other countries have no problem controlling immigration; in the middle east, places like Saudi Arabia and Qatar have guest workers on temporary contracts to fill skill shortages as they don't want to change their whole civilisation, and they seem to recruit enough. 

 

"we're all mixed anyway" We did have plenty of diversity within the English indigenous population, eg northerners, southerners, west country folk etc but there was a sense of ethnic unity that has been lost now we have so many citizens who identify with other continents. Even if we  end all immigration today imo it'll take hundreds of years and much communal conflict to regain the social cohesion that we've lost. 

Link to comment
Share on other sites

The manipulation of the economy:

“Shrinkflation” — A Result of The Shrinking Value of The Dollar

When politicians spend money that they don’t have ($34 trillion+) the Fed has to counterfeit money into existence. Everyone then has to adapt to the dollar losing value. Companies too have to adapt, by cutting costs and via “shrinkflation” (i.e., charging the same amount for less product). The companies aren’t being “greedy.” They’re just adapting to actual greed — politicians spending money that they do not have.

https://davidicke.com/2024/02/11/shrinkflation-a-result-of-the-shrinking-value-of-the-dollar/

  • Thanks 1
Link to comment
Share on other sites

On 2/6/2024 at 12:22 AM, Macnamara said:

 

agriculture didn't move abroad, OUR POPULATION GREW

 

the REAL economy is the economy of production and consumption. If you are not producing REAL things then you have no real economy. We cannot rely on the financial trickery of the city of london to feed 70 million people

 

Actually, a lot of agriculture did move abroad, thanks to the EEC then the EU, it became cheaper to import food from the EU as it cost less than to produce it in the UK. Don't forget the EU 'farm subsidies' to UK farmers was a form of 'compensation', but was really just paying them to scale down their own production, so as not to upset the EU farmers.

 

Leaving the EU should have opened up new opportunities for our farms and fisheries, by allowing them to ramp up production and thus reduce our need to import so much, and would have also created a whole load of new jobs in the process, thus giving our own unemployed new opportunities.

 

Money that was being 'sent to the EU', and then paid back to farmers and landowners in subsidies, could have been used to fund grants for farmers, to invest in equipment, recruitment and training etc.

 

Instead, someone thought it would be a 'better idea' instead, to pay farmers to 'rewild' their land, or allow huge solar panel farms to be installed on them.

 

The population is growing though, while the amount of useable farmland dwindles, and we become ever more reliant on imports.

  • Like 1
Link to comment
Share on other sites

What Green Jobs?

Most political parties in the U.K. sell the new green revolution by pointing to all the new skilled jobs that will be created. The British Government looks to produce no fewer than two million such ‘green’ jobs by 2030. But there is little sign of all these new opportunities. The Office for National Statistics (ONS) recently reported that there were 526,000 green jobs in 2020, but they include workers in the waste business, electric vehicles, education and management of Government bodies. Back in the day we would have called people working in such occupations dustmen, mechanics, teachers and bureaucrats. Most of the jobs being claimed simply stick a ’green’ label on either existing occupations, or are people switching, as in the transport business, to working on new products.
Link to comment
Share on other sites

On 2/12/2024 at 8:42 PM, Grumpy Owl said:

Actually, a lot of agriculture did move abroad, thanks to the EEC then the EU, it became cheaper to import food from the EU as it cost less than to produce it in the UK.

 

The population is growing though, while the amount of useable farmland dwindles, and we become ever more reliant on imports.

 

disincentives to farm alongside deliberate MASS immigration show a criminal intent to increase britain's population size whilst reducing its food; anyone who knows 'behavioural sink' knows that what is being done is a deliberate attempt to destroy us as a nation and society:

 

"Behavioral sink" is a term invented by ethologist John B. Calhoun to describe a collapse in behavior that can result from overpopulation. The term and concept derive from a series of over-population experiments Calhoun conducted on Norway rats between 1958 and 1962.[1] In the experiments, Calhoun and his researchers created a series of "rat utopias" – enclosed spaces where rats were given unlimited access to food and water, enabling unfettered population growth. Calhoun coined the term "behavioral sink" in a February 1, 1962, Scientific American article titled "Population Density and Social Pathology"[2] on the rat experiment.[3] He would later perform similar experiments on mice, from 1968 to 1972.

Calhoun's work became used as an animal model of societal collapse, and his study has become a touchstone of urban sociology and psychology in general.

https://en.wikipedia.org/wiki/Behavioral_sink

Link to comment
Share on other sites

Tech Industry Turmoil: Cisco Announces 5% Workforce Cut Amid Broader Layoff Trend

February 15, 2024 11:58 am by CWR

Cisco joins a growing list of tech giants implementing significant layoffs, signaling potential trouble for the industry as the tech bubble comes under scrutiny. The move by Cisco to cut 5% of its global workforce adds to a wave of layoffs in prominent tech companies, including Twitch, Roomba, Spotify, and more.

The alarming trend in tech layoffs is further highlighted by renowned investors like Stanley Druckenmiller shifting away from tech stocks and turning to gold miners. Warren Buffett’s recent trimming of the AAPL stake and Jeff Bezos offloading billions in Amazon stocks underscore a broader sentiment among elite investors that all may not be well in the stock market.
As job losses in the tech sector continue to mount, concerns about the industry’s stability and the overall health of the stock market intensify, leading to questions about the sustainability of the tech bubble.

https://citizenwatchreport.com/tech-industry-turmoil-cisco-announces-5-workforce-cut-amid-broader-layoff-trend/

Link to comment
Share on other sites

  • 2 weeks later...

@Macnamara

 

All of these stories and stats have been posted everyday by doomsters since 2008 and folks shilling gold and silver - by far the worst investment in recent times..

 

That's everyday for 16 years the same, "backed by nothing", debt unsustainable brics taking over dollar to zero etc

 

Yet here we are 16 years later everything as is.....

 

Yes if you keep saying the same thing every day one day you will be right but doesn't take into account the thousands of times you were wrong.....

Link to comment
Share on other sites

2 hours ago, Mr H said:

@Macnamara

 

All of these stories and stats have been posted everyday by doomsters since 2008 and folks shilling gold and silver - by far the worst investment in recent times..

 

That's everyday for 16 years the same, "backed by nothing", debt unsustainable brics taking over dollar to zero etc

 

Yet here we are 16 years later everything as is.....

 

Yes if you keep saying the same thing every day one day you will be right but doesn't take into account the thousands of times you were wrong.....

 

One reason why this debt problem sounds worse than it really is, is because for the UK at any rate,  about 1/3 of the govt debt is owed to itself. This is due to how the 'quantitative easing' system works - the govt borrows off itself (ie prints money) which it uses to buy back commercial debt (bonds) and promises to pay itself back. The interest gets paid to itself. The figures are a year old but this principle still holds true today. The figures are still very high though and billions are spent on debt. 

 

"At the end of March 2023, UK General government gross debt was £2,537.0 billion, or 100.5% gross domestic product.[2]

 

Approximately a third of the UK National Debt is owned by the British government due to the Bank of England's quantitative easing programme, so approximately a third of the cost of servicing the debt is paid by the government to itself. In 2018, this reduced the annual servicing cost to approximately £30 billion (approx 2% of GDP, approx 5% of UK government tax income)." 

 

https://en.wikipedia.org/wiki/United_Kingdom_national_debt 

Edited by Campion
Link to comment
Share on other sites

3 minutes ago, Campion said:

 

One reason why this debt problem sounds worse than it really is, is because for the UK at any rate,  about 1/3 of the govt debt is owed to itself. This is due to how the 'quantitative easing' system works - the govt borrows off itself (ie prints money) which it uses to buy back commercial debt (bonds) and promises to pay itself back. The interest gets paid to itself. The figures are a year old but this principle still holds true today. The figures are still very high though and billions are spent on debt. 

 

"At the end of March 2023, UK General government gross debt was £2,537.0 billion, or 100.5% gross domestic product.[2]

 

Approximately a third of the UK National Debt is owned by the British government due to the Bank of England's quantitative easing programme, so approximately a third of the cost of servicing the debt is paid by the government to itself. In 2018, this reduced the annual servicing cost to approximately £30 billion (approx 2% of GDP, approx 5% of UK government tax income)." 

 

https://en.wikipedia.org/wiki/United_Kingdom_national_debt 

Thanks man very interesting...

 

I totally agree, on paper everything looks terrible and in theory everything SHOULD COLLAPSE.

 

But people underestimate the greed of the banksters. They're addicted to markets go up. Markets go up when print money. There is no stopping this until it really gets out of control and becomes an absolute joke  until then all assets up only. No depressions....

 

Play the game or go broke..

  • Like 1
Link to comment
Share on other sites

On 3/4/2024 at 2:13 PM, Mr H said:

@Macnamara

 

All of these stories and stats have been posted everyday by doomsters since 2008 and folks shilling gold and silver - by far the worst investment in recent times..

 

That's everyday for 16 years the same, "backed by nothing", debt unsustainable brics taking over dollar to zero etc

 

Yet here we are 16 years later everything as is.....

 

Yes if you keep saying the same thing every day one day you will be right but doesn't take into account the thousands of times you were wrong.....

 

first of all gold is going up in value so anyone invested in gold is making wealth right now. Silver is being artificially suppressed and will also gain as things go tits up

 

secondly it is a logical fallacy ( i can't remember the name of) when someone believes that just because something hasn't happened it won't happen

 

here is why things are fundamentally different to how they have been in a single word: TECHNOLOGY

 

if you look at the conspiracy it can be seen that there is a progression at work. The main thing the conspirators wanted to do was get a central bank and they did that in all the countries where they have influence. Another thing they wanted to do was takeover the arena of medicine and now big pharma is the biggest lobby group in washington....bigger even than the israel lobby (although in reality all the same thing).

 

They wanted to takeover media and conspiracy theorists have charted this process over decades as the mega-corporations have consolidated into a handful of giants.

 

They wanted to create a global infrastructure and they did this with the United Nations, the world bank, the IMF, the EU, the trilateral commission and now with the whole BRICS set up

 

They wanted everyone to have ID cards, which tony blair failed to achieve but we saw him up pushing for that again during covid and now they are rolling out digital ID's with australia set to launch their soon

 

Now the head of the world bank is talking about programmable central bank digital currencies

 

The WEF are talking about the entire system being run by AI and elections becoming redundant as AI will make decisions for us.

 

The conspiracy is rolling towards its technocratic conclusion because new technologies and new fields of science like genetics and cybernetics and artificial intelligence is allowing them to realise a new vision of control which is to say a TECHNOCRACY

 

So if you want to know what's in store economically then you need to understand this trajectory and what is possible now was not possible 16 years ago but now they have their ducks in a row and it is all happening and FAST

  • Like 2
Link to comment
Share on other sites

  • 3 weeks later...
27 minutes ago, Mr H said:

Boe considering rate cuts.

 

Guess they weren't too serious about getting their house in order.

 

Bring on the money printers and inflation!

 

https://www.theguardian.com/business/2024/mar/22/uk-interest-rate-cuts-in-play-says-bank-of-england-governor-inflation 

 

So it's a choice of either handing over your hard-earned money to the banks via high interest rates, or handing it over to the corporations via high inflation. Either way we're a cash cow for the ptb. (Not even mentioning tax to the govt as well !)

Edited by Campion
  • Haha 1
Link to comment
Share on other sites

17 minutes ago, Campion said:

 

So it's a choice of either handing over your hard-earned money to the banks via high interest rates, or handing it over to the corporations via high inflation. Either way we're a cash cow for the ptb. (Not even mentioning tax to the govt as well !)

Although what UK does doesn't really matter market wise, if US follows suit it is significant.

 

The pivot point when they cut rates historically, is another tick box that recession upcoming....

 

Until then. All markets up only! Get ready for when the music stops lolz

Edited by Mr H
  • Like 1
Link to comment
Share on other sites

People often criticize crypto as being a bubble.

 

I have never seen a bubble bigger than the real estate one. And all bubbles have to pop eventually.....

 

Germany prices fell nearly 10% just last year...

 

Could this be the start of "the pop"?

 

Interesting thing about this asset class bubble been going on so long, we have a generation who believe in houses only go up in prices..... 

 

https://www.telegraph.co.uk/business/2024/03/22/ftse-100-markets-latest-uk-retail-sales-interest-rates/

 

"Property prices in Germany have suffered a record fall, deepening the malaise gripping Europe’s biggest economy.

 

Average house prices fell by 8.4pc across 2023, official figures show, marking the sharpest fall since Germany’s statistics office started keeping records at the start of the millennium."

Link to comment
Share on other sites

44 minutes ago, Mr H said:

People often criticize crypto as being a bubble.

 

I have never seen a bubble bigger than the real estate one. And all bubbles have to pop eventually.....

 

Germany prices fell nearly 10% just last year...

 

Could this be the start of "the pop"?

 

Interesting thing about this asset class bubble been going on so long, we have a generation who believe in houses only go up in prices..... 

 

https://www.telegraph.co.uk/business/2024/03/22/ftse-100-markets-latest-uk-retail-sales-interest-rates/

 

"Property prices in Germany have suffered a record fall, deepening the malaise gripping Europe’s biggest economy.

 

Average house prices fell by 8.4pc across 2023, official figures show, marking the sharpest fall since Germany’s statistics office started keeping records at the start of the millennium."

 

Yeah, house prices & rents have got to stop going up sometime, people can't keep on paying out more and taking on more debt indefinitely. But housing is a necessity unlike other 'investments' like crypto and shares, folks have got to live somewhere.  So with houses there's a "real" value based on what people can afford to pay, and a "market" price based on speculators trying to make a profit. 

 

The housing market has also stalled in China, unemployment up too. 

Link to comment
Share on other sites

18 minutes ago, Campion said:

 

Yeah, house prices & rents have got to stop going up sometime, people can't keep on paying out more and taking on more debt indefinitely. But housing is a necessity unlike other 'investments' like crypto and shares, folks have got to live somewhere.  So with houses there's a "real" value based on what people can afford to pay, and a "market" price based on speculators trying to make a profit. 

 

The housing market has also stalled in China, unemployment up too. 

China property market different. They have fake housing estates and stuff people invest in made out of toot. Weird over there.

 

I would argue out of all assets housing is the most misvalued. And is not related at all to what average person can buy. Because it's an international market, largely an investment to.counter act money printing or money laundering vehicle. No 21 year old Londoner can afford a million pound council house...crazy stuffs...

  • Like 1
Link to comment
Share on other sites

2 hours ago, Mr H said:

No 21 year old Londoner can afford a million pound council house...crazy stuffs...

  

Sadly true, and London is a magnet for foreign oligarchs spreading their wealth around the world to protect it.   There's a similar problem in seaside resorts & holiday areas, rich people buying up second homes or holiday lets and locals can't afford to live there any more. The Welsh tried to kick back against it ages ago but went too far. 

Solutions some people suggest things like wealth tax, all that does is transfer wealth to the govt. 

Link to comment
Share on other sites

On 3/22/2024 at 8:07 PM, Campion said:

  

Sadly true, and London is a magnet for foreign oligarchs spreading their wealth around the world to protect it.   There's a similar problem in seaside resorts & holiday areas, rich people buying up second homes or holiday lets and locals can't afford to live there any more. The Welsh tried to kick back against it ages ago but went too far. 

Solutions some people suggest things like wealth tax, all that does is transfer wealth to the govt. 

Yes I live ATM in the dales and we seen property prices explode....

 

The wealth tax is tokenism really and always brings negative effects.

 

The people you want to be tax friendly too are those that create jobs and tax revenues.

 

Although generally speaking I am against taxation except for when it comes to law and order. I think everything else should be privately organized and funded.

  • Like 1
Link to comment
Share on other sites

On 1/6/2024 at 5:45 AM, Campion said:

When I see criticism or doom mongering that's one-sidedly focused on America (and western Europe to a lesser degree) it starts to smell fishy and like made-up propaganda originating from one of the other power blocks trying to demoralise us. The debt issue does look pretty horrendous right now though, and that is entirely of our governments' own choosing, rather than some abstract theory about economics. 

Criticism targeted solely at America and Western Europe can seem suspicious, possibly originating from other power blocks. The debt issue is concerning but self-inflicted.

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...