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John Williams’ Shadow Statistics |
US Banks' Losses I’ve just uncovered the last honest bank in America… While other major banks have reported billions of dollars in write-downs on cheap assets, the last honest bank in America put its money in true value and has even increased shareholder equity. |
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| John Williams’ Shadow Statistics |
| Wednesday, 04 June 2008 | ||||||||
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You are supposed to see consumer prices fall with technological advances. You are supposed to see price benefits from cheaper foreign labor. Right? How has this played out for American consumers? The chart below is from the highly recommended John Williams’ Shadow Statistics website (www.shadowstats.com). You can fall for most any government statistic or you can search and think for yourself. The blue line shows rising prices according to previous historic accounting methods. The yellow-orange lines show recent spin statistics emanating from the NY/DC axis of weasels. Either way, no falling consumer prices are apparent. ![]() Oops, something went wrong here. The non-Federal non-Reserve is what went wrong. They and their elitist cronies have all but destroyed the American dream. The idea of stable or falling prices will not happen on their watch. The non-Federal non-Reserve is what went wrong. They and their elitist cronies have all but destroyed the American dream. The idea of stable or falling prices will not happen on their watch.
Those of you with memories short of 100 years might want to check out how the Fed has fared since inception. Its stated purpose was to create “price stability” as well as economic growth. ![]() The 1800’s clearly demonstrate it is possible to have stable prices when honest and Constitutional money is in effect. And this was the case for an entire century, no less. How about the 20th century? The “Creature” known as the Fed came our way in 1913. International bankers have had their hooks into the American populace ever since. Here is the master demonstrating to the pupil the long-term chokehold the Fed has on the American populace. ![]() The Fed’s original charter demanded they provide stable prices. Then they decided to target maximum employment. Now their target seems to be benefiting their closest friends. Whatever they target you can bet they’re aiming at you in the end. Technological advances and astoundingly cheap foreign labor should have brought forth falling US consumer prices over recent decades, but the Fed inflated it all away. They printed money at will and took advantage of a situation that demanded falling prices. We lost out. These guys are heavily responsible for our presently escalating food and energy costs. What’s the solution? Boot out the Fed. Rescind the unconstitutional income tax and the Gestapo like IRS. Scale back an oppressive and imperial government. Empower individual citizens. Rest assured the government will screw up anything they propose to fix. See the big picture. Invest resourcefully, Rusty P.S. To let me know what you thought of today's article, send an e-mail to: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
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