Switzerland China Currency Swap Through Their Central Banks

Editor's Note

The Chinese keep expanding the use of mutual currency swaps to do an end run around the U.S. Dollar.  Now Switzerland China currency swap is added to the growing list.

Here's the countries I have found, prior to the Swiss, that have entered into the currency swap arrangements with China since 2008:

  • ​Pakistan
  • Argentina
  • South Korea
  • Indonesia
  • New Zealand
  • Malaysia
  • Belarus
  • Hong Kong
  • Japan
  • Uzbekistan
  • Thailand
  • Turkey
  • Singapore
  • Kazathstan
  • Chile
  • India
  • Brazil
  • United Kingdom
  • France
  • South Africa
  • Germany
  • Nigeria
  • United Arab Emirates (UAE)
  • Australia
  • Iran
  • Russa
  • Switzerland
  • Mongolia
  • Iceland
  • Hungary

This list may not have all the countries agreeing to go outside the dollar and do currency swaps with China.  (I DID NOT DO A SEARCH ON EACH INDIVIDUAL COUNTRY AND THEIR CURRENCIES.)  But the currency swaps are expanding to the Central Banks to include the ECB (European Central Bank) to now the Swiss Central Bank.  The Swiss are a major player in world banking and finance.

And let's not forget, whether our national and international policies are right or wrong, this year we have alienated more countries, such as Russia and France (especially with the sanctions) ​to move away from the US Dollar.

Truthfully if this present trend continues and we have more international issues, without some real solutions to our monetary policy issues, you have to ask yourself:  Will the US Dollar still be the world's reserve currency by the end of 2015?​

Why does it matter whether the US Dollar is the world's reserve currency?  Can't we just use the US Dollar at home? 

Yes, you can use the US Dollar at home.  We spend trillions in international trade and are highly dependent on it.  In fact 20% of your food supply is IMPORTED.  We have been exporting our manufacturing base since George Bush Sr. 41 was president.  Since we have been exporting our manufacturing base we are dependent on IMPORTS for our economy and individual use

Can you now see that we will experience our modern Weimar Republic (Germany post WWi), an onslaught of meteoric rise of inflation in major economic sectors of our economy,  once other countries loose faith in the US Dollar as the trading instrument?

I encourage everyone to keep following the currency swaps on their own.  The media seems to focus only on the BRICS countries, but they are just a fraction of what is going on. Follow the trend.​

Be on your toes so your dollars, income and savings can go farther!

Swiss, Chinese Central Banks Enter Currency Swap Agreement

By Dow Jones Business News, July 21, 2014, 04:12:00 AM EDT

By Neil MacLucas and Richard Silk

ZURICH--The Swiss National Bank and the People's Bank of China reached a currency swap agreement on Monday, allowing the two central banks to buy and sell their currencies up to a limit of 150 billion renminbi, or 21 billion Swiss francs ($23.4 billion).

The deal will also allow the Swiss central bank to invest some of its huge accumulation of foreign exchange reserves in the Chinese bond market, the SNB said in a statement Monday.

The Zurich-based SNB said the agreement will further strengthen collaboration between it and its Chinese counterpart and is a "key requisite for the development of a renminbi market in Switzerland." It could also facilitate trade and investment between the two countries, the PBOC said.

Switzerland is the latest of a series of countries to set up swap lines with China, which is keen to promote the international use of the yuan.

Last year China signed swap agreements with the European Central Bank and a clutch of others, including the U.K., Brazil and Indonesia.

The agreement between China and Switzerland has a term of three years and can be renewed thereafter, the PBOC said.

Write to Neil MacLucas at neil.maclucas@wsj.com and Richard Silk at richard.silk@dowjones.com


Read more: http://www.nasdaq.com/article/swiss-chinese-central-banks-enter-currency-swap-agreement-20140721-00068#ixzz38JjLmYOq

Drought Crisis: Ingenuity Reigns

  Editor's Note:

Have you heard of the expression:  "Damned if you do, damned if you don't.

That's what Californians are facing with the water crisis.  The state is going to fine $500 for water use beyond emergency measures.  The local communities are going to fine $500 for not watering your lawn because of fire hazard and aesthetics.

​So what happens?

American Ingenuity!  A new business of painting your lawn grass to look like it is healthy.

Although sad, this article is also a hoot!  Americans don't have to be held done unless they choose to be.  Think about it!​

Enter your text here...

Painters color match parts of the lawn that are still green using dyes mixed with water, and sprayed onto the grass.

SoCal Homeowners Spray-Painting Lawns Green To Avoid Water Fees During Drought

by Gregg Rosenblum July 20, 2014 7:04 PM from www.sanfrancisco.cbslocal.com/ A man spray-paints a lawn in Southern California during a severe drought. (CBS)

A man spray-paints a lawn in Southern California during a severe drought. (CBS)

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LOS ANGELES (CBS SF) — Homeowners in Los Angeles are facing tough choices in keeping their lawns green during a devastating drought, pushing some far enough to spray paint them.

Business for lawn painters like Kerry McCoy is booming now that the state is sanctioning homeowners for excessive water use.

“As soon as the water sanctions hit, and as soon as people find their water bills rising, they’re looking for ways to cut back on their expenses, and that’s when they start calling,” she said.

More: KPIX Drought Coverage

McCoy says the grass doesn’t die completely, and when winter rains come, the lawn will turn green again on their own.

Read more on the California Drought at http://sanfrancisco.cbslocal.com/2014/07/20/socal-homeowners-spray-painting-lawns-green-to-avoid-water-fees-during-drought-grass-spray-paint-sanctions-water-bills-excessive/

Rising Inflation: People Realizing the Government Figures Aren’t Accurate

Editor's Note:

Do you think that the federal government statistics are accurate?

Dr.Paul Craig Roberts has written extensively on this.  I refer you to his website, www.paulcraigroberts.org.  

Basically in the Clinton administration they changed the way we calculated unemployment (which led to underreporting) and inflation the government had used for over 100 years.  If you want to know the numbers based on the historical way inflation was calculated for over 100 years based upon today's data, see the website www.shadowstats.com of economist John Williams.

The truth is inflation is accelerating.  Whether this country follows what happened to the German Republic after WWI remains to be seen.  

What we also know wages are not increasing at a rate to offset the inflation.  (Instead, when inflation rises it seems that some employers cut payroll.)

Look below at how food prices have been increasing and what others are reporting.  Judge things by what you are experiencing.  For example at the grocery store you are seeing price increases in three ways:  (1) direct price increase; (2) decreasing quantity for the same or slightly higher price and (3) reformulation with cheaper ingredients and fillers.

Food prices are a faster rising sector due to many factors, i.e., the drought, 20% of our food being imported, the devaluation of the dollar, etc.

You can mitigate significantly the food inflation by locking in your prices with freeze dried and dehydrated foods.  I encourage you to consider storing Thrive because it really has the best quality all around among the freeze dried food companies.

Inflation where it matters: Close to 50 percent of Americans indicate spending more on groceries and fuel this summer. Nearly one third indicate more spending on rent and mortgage payments

By myfoodbudget360.com

The stock market continues to move upwards ambivalent to economic indicators and the reality that inflation is permeating throughout our economy. The Fed continues to point at CPI as evidence that inflation remains subdued and this gives them the motivation to move forward with monetary policies that we have never embarked upon. We are already getting a taste of the bigger consequences including a growing low wage labor force. A recent Gallup survey found that Americans are spending more money on items that actually matter and items that consume a large portion of a household’s budget. This is key here in understanding the nature of inflation. Items like housing, healthcare, food, and energy make up a large portion of spending. Yet the Fed looks at other items that consume a small part of a household’s budget and balance out the overall picture. What you get is a massive understating of inflation and a stock market heavily juiced on easy money. Large pools of money are chasing real assets and crowding out regular Americans from the market.

Where inflation matters

It is interesting to see how people react to a constant feed of distorted information. The message is clear and it is one that is underplaying inflation. The tone set by the Fed is one in which monetary easing should continue to go on because inflation is simply not happening in the real economy. This could not be further from the truth.

Looking at the Gallup survey, you can find that Americans are spending more on the items that already consume a large part of their budgets:

Inflation

Source: Gallup, GS

Read More at http://www.mybudget360.com/inflation-where-it-matters-inflation-2014-data-inflation-items/

Big Corporations Power Over Your Food Supply

                Editor's Note           

You should pay attention to the concentration of our food supply. It is bad for your health and your wallet.

When power gets concentrated:

  • ​Higher prices result because price fixing is easier, i.e., YOUR GROCERY BILL INCREASES!
  • You have less choice of products, i.e., cheaper ingredients, GMOs, MSG, hidden MSG, aspartame, etc.
  • Innovation gets decreased because competition becomes more difficult;
  • You have less influence over product ingredients.

Stay away from Walmart!  It's sick that a third of the groceries are bought there!  Walmart heavily relies upon imported food from China.  Food grown in China has all kinds of safety issues.  Please see my page, http://survive-thrive.us/food-country-of-origin/.  Country of origin does matter for your health.  Also a recent study this year found that 54% of the food sold in Walmart would not meet Whole Foods standards to be sold in their stores.  Whole Foods has issues but nothing like Walmart, which I consider the bottom of the pit.

I visit a variety of grocery stores for market observations.  It is very striking time after time observing the physiological differences between shoppers at Trader Joes and Whole Foods compared to Walmart.  Many of the  grocery shoppers at Walmart are grossly morbidly obese yet when you visit Trader Joes or Whole Foods you do not see that degree of obesity there.  Just go and observe for yourself. 

It makes you wonder could it be the foods these shoppers are selecting that is contributing to their physiological presence and health issues?​

​(You don't have to go to Walmart to save on your groceries.  You can afford to stay out of Walmart by eating Thrive foods.  Just contact me and I will show you how to save 20 to 40% or more by planning and not wasting food.)

Vote for your health and your pocketbook with your dollars!  Avoid purchasing any of these brands if at all possible!

Pay attention to the diagram below.  Vote for your health and your pocketbook with your dollars!  Avoid purchasing any of these brands if at all possible!

For enlargement of diagram: http://theeconomiccollapseblog.com/wp-content/uploads/2014/07/10-Corporations-Control-What-We-Eat.png

Big Corporations Have An OVERWHELMING Amount Of Power Over Our Food Supply

By Michael T. Snyder, Guest Columnist, of TheEconomicCollapseBlog.com​

​From our fields to our forks, huge corporations have an overwhelming amount of power over our food supply every step of the way.  Right now there are more than 313 million people living in the United States, and the job of feeding all of those people is almost entirely in the hands of just a few dozen monolithic companies.  If you do not like how our food is produced or you don't believe that it is healthy enough, it isn't very hard to figure out who is to blame.  These mammoth corporations are not in business to look out for the best interests of the American people.  Rather, the purpose of these corporations is to maximize wealth for their shareholders.  So the American people end up eating billions of pounds of extremely unhealthy food that is loaded with chemicals and additives each year, and we just keep getting sicker and sicker as a society.  But these big corporations are raking in big profits, so they don't really care.

If we did actually have a capitalist system in this country, we would have a high level of competition in the food industry.  But instead, the U.S. food industry has become increasingly concentrated with each passing year.  Just consider the following numbers about the U.S. agricultural sector...

The U.S. agricultural sector suffers from abnormally high levels of concentration. Most economic sectors have concentration ratios around 40%, meaning that the top four firms in the industry control 40% of the market. If the concentration ratio is above 40%, experts believe competition can be threatened and market abuses are more likely to occur: the higher the number, the bigger the threat.

The concentration ratios in the agricultural sector are shocking.

-Four companies own 83.5% of the beef market.
-The top four firms own 66% of the hog industry.
-The top four firms control 58.5% of the broiler chicken industry.
-In the seed industry, four companies control 50% of the proprietary seed market and 43% of the commercial seed market worldwide.
-When it comes to genetically engineered (GE) crops, just one company, Monsanto, boasts control of over 85% of U.S. corn acreage and 91% of U.S. soybean acreage.

When so much power is concentrated in so few hands, it creates some tremendous dangers.

And many of these giant corporations (such as Monsanto) are extremely ruthless.  Small farmers all over America are being wiped out and forced out of the business by the predatory business practices of these huge companies...

Because farmers rely on both buyers and sellers for their business, concentrated markets squeeze them at both ends. Sellers with high market power can inflate the prices of machinery, seeds, fertilizers and other goods that farmers need for their farms, while powerful buyers, such as processors, suppress the prices farmers are paid. The razor-thin profit margins on which farmers are forced to operate often push them to "get big or get out"—expanding into mega-operations or exiting the business altogether.

Of course the control that big corporations have over our food supply does not end at the farms.

The distribution of our food is also very highly concentrated.  The graphic shared below was created by Oxfam International, and it shows how just 10 gigantic corporations control almost everything that we buy at the grocery store...

10 Corporations Control What We Eat

And these food distributors are often not very good citizens either.

For example, it was recently reported that Nestle is running a massive bottled water operation on a drought-stricken Indian reservation in California...

Among the windmills and creosote bushes of San Gorgonio Pass, a nondescript beige building stands flanked by water tanks. A sign at the entrance displays the logo of Arrowhead 100% Mountain Spring Water, with water flowing from a snowy mountain. Semi-trucks rumble in and out through the gates, carrying load after load of bottled water.

The plant, located on the Morongo Band of Mission Indians’ reservation, has been drawing water from wells alongside a spring in Millard Canyon for more than a decade. But as California’s drought deepens, some people in the area question how much water the plant is bottling and whether it’s right to sell water for profit in a desert region where springs are rare and underground aquifers have been declining.

Nestle doesn't stop to ask whether it is right or wrong to bottle water in the middle of the worst drought in the recorded history of the state of California.

They have the legal right to do it and they are making large profits doing it, and so they are just going to keep on doing it.

Perhaps you are thinking that you can avoid all of these corporations by eating organic and by shopping at natural food stores.

Well, it isn't necessarily that easy.

According to author Wenonah Hauter, the "health food industry" is also extremely concentrated...

Over the past 20 years, Whole Foods Market has acquired its competition, including Wellspring Grocery, Bread of Life, Bread & Circus, Food for Thought, Fresh Fields, Wild Oats Markets and others. Today the chain dominates the market because it has no national competitor. Over the past five years its gross sales have increased by half (47 percent) to $11.7 billion, and its net profit quadrupled to $465.6 million. One of the ways it has achieved this profitability is by selling conventional foods under the false illusion that they are better than products sold at a regular grocery store. Consumers falsely conclude that these products have been screened and are better, and they are willing to pay a higher price.

The distribution of organic foods is also extremely concentrated. A little-known company, United Natural Foods, Inc. (UNFI) now controls the distribution of organic and natural products. Publically traded, the company has a contract with Whole Foods and it is the major source of these products for the remaining independent natural food stores. This relationship has resulted in increasingly high prices for these foods. Small manufacturers are dependent on contracts with UNFI to get their products to market and conversely, small retailers often have to pay a premium price for products because of their dependence on this major distributor. Over the past five years, UNFI's net sales increased by more than half (55.6 percent) $5.2. billion. Its net profit margin increased by 88 percent to $91 million.

Everywhere you look, the corporations are in control.

And this is especially true when you look at big food retailers such as Wal-Mart.

Right now, grocery sales account for about half of all business at Wal-Mart, and approximately one out of every three dollars spent on groceries in the United States is spent at Wal-Mart.

That is absolutely astounding, and it obviously gives Wal-Mart an immense amount of power.

In fact, if you can believe it, Wal-Mart actually purchases a billion pounds of beef every single year.

So the next time someone asks you where the beef is, you can tell them that it is at Wal-Mart.

On the restaurant side, the ten largest fast food corporations account for 47 percent of all fast food sales, and the love affair that Americans have with fast food does not appear to be in danger of ending any time soon.

Personally, if you do not like how these corporate giants are behaving, you can always complain.

But you are just one person among 313 million, and most of these big corporations are not going to consider the ramblings of one person to be of any significance whatsoever.

Collectively, however, we have great power.  And the way that we are going to get these big corporations to change is by voting with our wallets.

Unfortunately, the vast majority of Americans seem quite satisfied with the status quo.  So the population as a whole is likely going to continue to get sicker, fatter and less healthy with each passing year, and the big food corporations are going to keep becoming even more powerful.

Our Deteriorating Economic Outlook: Serious Inflation On the Horizon

Editor's Note

​Have you noticed that prices seem to be rising faster than the official inflation numbers?

Independent of increasing prices, with food price increases are hidden two additional ways:  (1) reducing quantity or weight yet offering it with a similar price; and (2) reformulating the ingredients of a processed food with cheaper, and often unhealthier ingredients.

Please read and pay attention to this article by Dr Paul Craig Roberts, Guest Columnist, with Dave Kranzler and John Williams of www. shadowstats.com​.

The Deteriorating Economic Outlook

By Paul Craig Roberts, Guest Columnist (former Assistant Secretary of the U.S. Treasury), Dave Kranzler (www.investmentresearchdynamics.com) and John Williams (www.shadowstats.com)

July 8, 2014​

The third and final estimate (until the annual GDP revisions) of first quarter 2014 real GDP growth released June 25 by the US Bureau of Economic Analysis was a 2.9% contraction in GDP growth, a 5.5 percentage point difference from the January forecast of 2.6% growth. Apparently, the first quarter contraction was dismissed by those speculating in equities as weather related, as stock averages rose with the bad news.

Stock market participants might be in for a second quarter surprise. The result of many years of changes made to the official inflation measures is a substantially understated inflation rate. John Williams (www.shadowstats.com) provides inflation estimates based on previous official methodology when the Consumer Price Index still represented the cost of a constant standard of living. The 1.26% inflation measure used to deflate first quarter nominal GDP is unrealistic, as Americans who make purchases are aware.

A reasonable correction to the understated deflator gives a much higher first quarter contraction. The two main causes of inflation’s understatement are the substitution principle introduced during the Clinton regime and the hedonic adjustments ongoing since the 1980s that redefine price rises as quality improvements. Correcting for excessive hedonic adjustments gives a first quarter real GDP contraction of 5%. Correcting for hedonic and substitution adjustments gives a first quarter real GDP contraction of 8.5%.

Realistic economic analysis is a rarity. The financial press echoes Wall Street, and Wall Street economists are paid to help sell financial instruments. Gloomy analysis is frowned upon. Even negative quarters are given a positive spin.

Years of understatement of inflation has resulted in years of overstatement of GDP growth. Thinking about the many years of misstatement, we realized that the typical computation in nominal terms of the ratio of debt to GDP is seriously misleading.

Consider that debt is issued in nominal terms and repaid in nominal terms (except for a few Treasury bonds with inflation adjustments). However, nominal wealth or nominal GDP overstates real economic strength. The debt is growing, but both the nominal and real values of the output of goods and services are not keeping up with the rise in debt.

To understand how risky the rise of debt is, nominal debt must be compared to real GDP. Spin masters might dismiss this computation as comparing apples to oranges, but such a charge constitutes denial that the ratio of nominal debt to nominal GDP understates the wealth dilution caused by the government’s ability to issue and repay debt in nominal dollars. We know that inflation favors debtors, because debts can be repaid in inflated dollars.

.

Read More...Click Here


Food Inflation, Now Wood Food Fillers

Food Inflation, Now Wood Food Fillers:  It’s not just Your Health.  When Does it Become Misrepresentation/Food Fraud?

As you know I get very “worked up” about knowing what is in my food:  Is it GMO? Does it contain MSG? Hidden Msg? Aspartame?  What is the food formula or food ingredients?  Is it what I call “Chemical Food”?

I wrote about Food Fraud last year that many seafood are not what they are represented to be.

But what if they reformulate, do not tell you, but have a small ingredients label on the product and don’t translate the “foodese” (or food chemical language, akin to my profession having legalese)?

Do you think that this is misrepresentation or just caveat emptor (“buyer beware”)? 

Is it ethical conduct by the food industry?  (Note:  Sometimes things can be “legal” but that does NOT mean that it is “ethical”.)

Isn’t it a sad state of affairs that when you go grocery store shopping, week after week, that the situation is getting so out of hand (increasing probably more than we realize) that you just can’t trust that the product is still the same but have to read each item and each label every visit? If you think grocery stores are the only ones that do this, think again.  Restaurant chains, including the fast food industry, has wood fillers in their products.

Why are we supporting this kind system with our dollars?

This is one of the reasons that I buy extremely little from the traditional grocery stores and use Thrive.  But if you don’t use Thrive, why don’t you find a food co-op or a local farmer and buy as much of your food from them?

The point is GET OUT OF THE FOOD PROCESSING DISTRIBUTION CHAIN!!!!  It’s become more of a big business food purchase and supply chain than it is a consumer market or service.

How much do they really care about you?  The Grocery Manufacturer’s Association fights tooth and nail to keep you from knowing what their members have put in your food.  If they had healthy products, they would not care if you knew.  In fact, they would spend money conducting public information campaigns to tell you what is in your food.

Instead, they press ahead using dirty tactics, i.e., Washington State and California food labeling referendum, trying to discourage you from knowing what is in your food.

It’s sick.  And we consumers must vote with our dollars and get out of this system ASAP!

 

How Fast Food Providers Beat Inflation – Add Wood Pulp To Burgers

By Tyler Durden of ZeroHedge.com

Who knew wood could taste this good. QZ.com/Photo Reuters/Molly Riley

On Monday, Quartz published an article by Devin Cohen titled, There is a Secret Ingredient in Your Burgers: Wood Pulp. Given the headline and people’s already present suspicion regarding all of the shady and potentially dangerous ingredients hidden in food items, the article gained a lot of traction. In subsequent days, most journalists and bloggers have focused on the dangers of this additive (unclear) and whether or not it is pervasive throughout the food chain as opposed to just fast food (it appears to be).

The one angle that has not been explored as much is the overall trend. Let’s go ahead and assume that wood pulp is a safe thing to consume, it certainly seems to have no nutritional value whatsoever. So why are companies inserting it into food items? To mask inflation and earn more profits most likely. This was a major theme I focused on last year in a series of pieces on stealth inflation and food fraud, a couple of which can be read below:

New Study Shows 59% of “Tuna” Sold in the U.S. Isn’t Tuna

New Study Shows: Food Fraud Soared 60% Last Year

The Quartz article notes that:

There may be more fiber in your food than you realized. Burger King, McDonald’s and other fast food companies list in the ingredients of several of their foods, microcrystalline cellulose (MCC) or “powdered cellulose” as components of their menu items. Or, in plain English, wood pulp.

The emulsion-stabilizing, cling-improving, anti-caking substance operates under multiple aliases, ranging from powdered cellulose to cellulose powder to methylcellulose to cellulose gum. The entrance of this non-absorbable fiber into fast food ingredients has been stealthy, yet widespread: The compound can now be found in buns, cheeses, sauces, cakes, shakes, rolls, fries, onion rings, smoothies, meats—basically everything.

The cost effectiveness of this filler has pushed many chains to use progressively less chicken in their “chicken” and cream in their “ice cream.”

This is the part that really interests me. When did these companies first introduce this substance into their products and what is the growth trend? My guess is that as food costs have risen, the proportion of non-nutritonal fillers has increased substantially. That said, I’d like to see some data and I haven’t yet.

My big takeaway here is the same as last year’s when I first started writing about the trend. As the cost of food continues to rise, the cost of not paying attention to what you are eating rises exponentially. Companies will continue to try to mask inflation by shrinking package sizes, and when that is no longer possible, increasingly inserting empty fillers (or worse) into their products.

Read More Here

Economic Health: Gold is Probably Gone, Real Inflation Understated, Recession is Coming

Economic Health: Gold is Probably Gone, Real Inflation Understated, Recession is Coming

Is the death of the dollar a "when" instead of an "if"?I encourage you to listen to Dr. Roberts interview with King World News.  The economy is much worse shape than policy makers are indicating.  Many of the figures are overstated or understated our economic health, depending on the outcome desired.

If a private citizen or business did what the government is doing, would we be sued or at worse in jail?

Is your assets in paper only, whether certificates, stocks, money, etc.?  Do you have possession of those paper assets?  Or can you physically touch your assets?

In law we have a rule:  Possession is 9/10’s of ownership.  You can “own” something but if someone else has physical possession and a dispute erupts, then how are you going to get it?  This is what causes many lawsuits, trying to get possession of things that people claim they owed but are being denied ownership rights.  Many times while the litigation is ongoing the value of the property dissipates.

Listen to Dr. Roberts’s brief interview about the nation’s economic health by clicking 6-28-2014 Roberts interview.

Deceptive Data: How Can We Rely On Government Figures?

Deceptive Data:  How Can We Rely On Government Figures?

The federal government collection of economic data should be objective and reliable.  It is not supposed to be deceptive data or misleading figures.   For example, in collecting the Census information, do you want them to report exactly how many people are residing in the US?  Or do you want them to lower the number of figures (if one is concerned about overpopulation) or increase the figures in a state so that particular state can argue they are entitled to another U.S. Congressional seat at the expense of another state?

Just like when you hire an accountant do you want that accountant to report the numbers accurately or fudge the numbers and get you in a lawsuit, or worse, a tax audit?

When we go to the grocery store and see the size of packages shrinking, the price of products going up and cheaper products being substituted, we know instinctly that the government monthly and yearly figures on food inflation just does not jive.

But what if those figures, although we know instinctly they are wrong, greatly distort the level of inflation?  What if the economic situation is much more serious than even our gut instincts tell us?  Although that may be really bad news and we don’t want to hear it, is it better that we know so we can make more prudent decisions?  Or is it better to ignore it and have deep regrets later when we could have mitigated our losses?

As a former litigator I can tell you when there is smoke, and someone is trying to significantly distort or hide the truth, there is usually a forest fire lurking around the corner.  After all, if things were not really bad, what is the motivation to mislead?

Please carefully read the next article.  Distortions like this just do not go on unless things are very ill internally.

Some may argue that the government may not want to upset or alarm you and they think they can resolve things before it gets out of hand.  This is akin to a spouse, taking money from the joint account without telling you, spending it foolishly but thinking that they can put the money back in the account before the other spouse discovers it.  If you’re the spouse not “dipping in the kitty” do you want to know what’s happening before all the money is gone or do you want to first learn about it when all the money has vanished or the well is dry?  (I can hear it now:  Honey, I really needed the money.  You have too many pressures on you.  I did not want to add any more.  I thought I could handle this….Yeah, sure!)

What’s different about a domestic “breach of fiduciary duty” and the government in this situation?  Feel free to share your thoughts.

 Stone Cold Proof That the Government Economic Numbers Are Being Highly Manipulated

By Michael Snyder of the Economic Collapse Blog

Detective - Public DomainHow in the world does the government expect us to trust the economic numbers that they give us anymore?  For a long time, many have suspected that they were being manipulated, and as you will see below we now have stone cold proof that this is indeed the case.  But first, let’s talk about the revised GDP number for the first quarter of 2014 that was just released.  Initially, they told us that the U.S. economy only shrank by 0.1 percent in Q1.  Then that was revised down to a 1.0 percent contraction, and now we are being informed that the economy actually contracted by a whopping 2.9 percent during the first quarter.  So what are we actually supposed to believe?  Sometimes I almost get the feeling that government bureaucrats are just throwing darts at a dartboard in order to get these numbers.  Of course that is not actually true, but how do we know that we can actually trust the numbers that they give to us?

Over at shadowstats.com, John Williams publishes alternative economic statistics that he believes are much more realistic than the government numbers.  According to his figures, the U.S. economy has actually been continually contracting since 2005.  That would mean that we have been in a recession for the last nine years.

Read More Here….

Inflation Rate Is Higher Than You Think

Inflation Rate Is Higher Than You Think

Note:  There has been ongoing distortions by the federal government in reporting what the real inflation rate is.

In a civil case if you had such distortion about numbers in a contract, there would be a cause of action for misrepresentation or fraud.

If you want to discover more reliable figures, follow John Williams’s Shadowstats.com

How in the world does the government expect consumers and individuals to make wise decisions on unreliable inflation rate numbers?

Think about it!

Inflation?  You Only Need to Look at Food, Water, Gas, Electricity and Everything Else

By Michael Snyder of the Economic Collapse Blog

Have you noticed that prices are going up rapidly?  If so, you are certainly not alone.  But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be.  Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine.  But of course the way that the inflation rate is calculated has been changed more than 20 times since the 1970s, and at this point it bears so little relation to reality that it is essentially meaningless.  Anyone that has to regularly pay for food, water, gas, electricity or anything else knows that inflation is too high.  In fact, if inflation was calculated the same way that it was back in 1980, the inflation rate would be close to 10 percent right now.

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GMO Wheat: Unapproved GMO Wheat Found in Oregon, Other States Possible

GMO Wheat:  Unapproved GMO Wheat Found in Oregon, Other States Possible

If you’re a farmer or know one that grows wheat, you need to have your crops tested as to whether they’ve been cross-contaminated.  If you have some of your seed left from planting this year’s crop, have it tested.

Monsanto bullies farmers who experience cross contamination, when Monsanto patented seeds spread to non-GMO crops, with litigation.  They are the legal bully of all bullies.  For more see Seed Giants v. U. S. Farmers report.

If Monsanto or its agents come to you asking you (or threatening you if you don’t) to plant their seeds and use their Round-up (glyophosate) at low costs (remember this is initially but is not long term), do not sign that agreement without getting skilled, independent counsel, who is knowledgable in agricultural law and litigation.

Why?  Because these seeds apparently were not government approved but were experiments.  As such it may turn out Monsanto violated the law.  Also, Monsanto appears negligent in containing their experiment.  They are responsible for the cross-contamination unless the government exempted them from liability (which is unlikely with an experiment). 

Wheat farmers are going to take a financial beating for this cross-contamination this year as contaminated exports are already starting to get rejected.

If a farmer signs any Monsanto agreement on seeds, etc., trust me, in that agreement you will waive your rights to sue for damages plus that agreement will shift the litigation damages and expenses to you.   The later is standard protoccol in their patented seed agreements.

Instead, farmers should see whether their crops have been contaminated, and if so, document their damages, and get legal counsel.

Farmers might want to contact the Center For Food Safety’s in-house counsel and Executive Director, Andrew Kimball, for a referral to an independent, seasoned agricultural law attorney.  The Center for Food Safety’s phone number is (202) 547-9359.

I suspect a mother of all class action lawsuits awaits Monsanto.  This is one the farmers should address in the courts so they can be fairly compensated.

–No Name Attorney

GMO genetic pollution alert: Genetically engineered wheat escapes experimental  fields planted across 16 states

Mike Adams

(NaturalNews) The genetic apocalypse we’ve been warning about for years may have  already begun. The USDA just announced they found a significant amount of genetically engineered wheat growing in farm fields in Oregon. As the USDA  announced yesterday, “…test results of plant samples from an Oregon farm  indicate the presence of genetically engineered (GE) glyphosate-resistant wheat  plants.”Why is this a big deal? Because GE wheat has never been approved  for commercialization or sale. These strains of GE wheat escaped from GMO  field experiments conducted across 16 states by Monsanto from 1998 to 2005.  As the USDA states, “Further testing by USDA laboratories indicates the presence  of the same GE glyphosate-resistant wheat variety that Monsanto was authorized  to field test in 16 states from 1998 to 2005.”And that means genetic  pollution is already out of control. The GE wheat for which Monsanto claims  patent ownership is now invading farms that never planted GE wheat.

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