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Thursday, January 22, 2015

How Do You Unmanipulate A Manipulated Economy?

Breaking the stranglehold of vested interests is the essential step to rebuilding an economy that isn't totally dependent on manipulated money and statistics.

The word manipulated has the sour taste of officially sanctioned distortion in service of an Elite's interests. At a minimum, manipulation smacks of intent to defraud. If there is no intent to defraud or mislead, then what's the purpose of manipulating statistics, media coverage and official narratives?

As a result, the unsavory reality of our massively manipulated economy is masked by insipid words such as stimulus, easing and investing in our future--as if borrowing and squandering trillions of dollars to further enrich the few at the expense of the many is anything but blatant grift, fraud and embezzlement of taxpayer funds.

Regardless of what slippery words are deployed to mask the manipulation, it doesn't change the reality that the U.S. economy remains a manipulated mess that is dependent on monetary and statistical manipulation. If you doubt the economy is dependent on monetary and statistical manipulation, then ask yourself what will happen to the economy should the Federal Reserve's zero-interest rate policy (ZIRP) be rescinded, and interest rates return to historic norms.

Ask yourself what happens if the Federal government actually declared the increase in public debt as the true measure of fiscal deficits rather than the ginned-up deficit number--a number that is much less than the actual deficit reflected in the annual increase in public debt.

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