“Financial reality of how the U.S. economy works is no longer captured in GDP statistics.”
By Dr. Paul Craig Roberts: According to official US government economic data, the US economy has been growing for 10.5 years since June of 2009. The reason that the US government can produce this false conclusion is that costs that are subtrahends from GDP are not included in the measure. Instead, many costs are counted not as subtractions from growth but as additions to growth. For example, the penalty interest on a person’s credit card balance that results when a person falls behind his payments is counted as an increase in “financial services” and as an increase in Gross Domestic Product. The economic world is stood on its head. It is aggregate demand that drives the economy. Payments made on a rise in interest rates on credit card balances from 19% to a 29% penalty rate reduce consumers’ ability to contribute to aggregate demand by purchasing goods and the services of doctors, lawyers, plumbers, electricians, and carpenters. Contrary to logic, the fee is magically counted in the “financial services” category as a contributor to GDP growth. The extortion of a fee that reduces aggregate demand lowers GDP, but builds paper wealth in the financial services sector.
Misandrist Phillips’ hot mic moment, and the mad scramble of the show’s perception-managing pundits to clean it up, provides us with a brief glimpse behind the phony persona that the empire’s political/media class put on for us...
Authored by Caitlin Johnstone:There’s a wildly under-appreciated clip of news footage from Thursday’s general election in the UK that, now that everyone’s had some time to emotionally process the emotional fallout from that depressing night, needs more attention.
“We are all at risk of death in Gaza[the Jews' Mega Concentration Camp for indigenous Gentiles]. I’m at risk in my bedroom.”
By Ola Mousa: Ahmad al-Hatab was shocked to see reports on TV about how his friend Ismail Abd al-Al had been murdered by the Jews. The two boys had grown close over the past two years. They had spent many happy times together and their friendship could have become even stronger if it weren’t for the Jewish Israel regime’s violence. On 13 November, Ismail diedin a Jewish attack. Two of his brothers and two other men were also murdered in that incident. The Jews fired two high tech missiles from a drone on the family’s business – a carpentry workshop – in al-Tuffah, a section of the Jews Gaza Mega Concentration Camp for indigenous Gentiles. Ismail was only 16.
Authored by Paul Joseph Watson:Despite complaining about a lack of money, King County leaders used taxpayer dollars to fund the performance of a transgender stripper at a recent conference on homelessness. Yes, really. Beyonce Black St James was hired to twerk in attendees faces and expose his/her breasts as the audience cheered and handed over dollar bills. The stripper also gave lap dances and kissed attendees. The theme of the conference was “decolonizing our collective work,”yet another illustration of how obscure, radical, identity politics social engineering is infecting everything.
"Prolonged exposure to psychological torture … and abuse [which] may soon end up costing his life.”
IndependentAus: Independent Australia together with QCCL proudly co-hosted ‘Justice for Julian’ in Brisbane, Australia. The event featured Julian Assange’s father John Shipton, as well as anti-war activist Ciaron O’Reilly, interviewed by David Donovan and Michelle Pini.