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The Lies That Sustain US

Politics / US Politics Jun 15, 2016 - 01:40 PM GMT

By: Barry_M_Ferguson

Politics

America has one of the best and fastest growing auto manufacturers in the world and no one seems to know the company. Let me explain.

The US D.O.P.E. (Department Of Pathological Embellishment - a.k.a. the ‘Commerce Department’) just put out some great news that was so obviously meant to stem the now 3-day selloff in stocks. The great news is americans are spending money like drunken sailors on leave. Of course, anyone with a brain cell knows very well that the DOPE is simply a vestige of Nazi-ism in that it is a propaganda wing of a regime intent on deceit. So, to make us happy, or to make us believe all is well, we are told that consumers are spending money and the economy is about to take off!!! Isn’t ‘next quarter’ always going to be the quarter the economy heats up?


Granted, the latest DOPE report was a bit confusing but let’s examine the details. As always, consumers all have a job, they are getting raises, they are richer than ever, they are spending money like it’s Christmas in May, and they are happy, happy, happy. The DOPE says retail sales for May, 2016 increased at a .5% clip. Even excluding categories like autos, building materials, gasoline, and food, (what else is left?) retail sales were up .4%! The DOPE said auto sales were up a half percent.

So I just had to check out the known auto manufacturers to see just how good sales were for each of them.  

Here’s where the data lying gets epic! Autodata Corp said annualized auto sales increased from 17.42 million vehicles to 17.45 million vehicles. That’s great! I wonder how well the major manufacturers faired?

Reuters posted an article from June 1, 2016 titled, ‘U.S. May auto sales down 6 percent; sedan sales weak’. From that article, I report the following.

Bear in mind that the DOPE report cited ‘strong domestic demand’ in their release of the strong auto sales report.

Well, GM reported a drop in sales of 18% and Ford reported a drop of 6%. GM and Ford are the number one and number two sellers of vehicles in the US. Number three is Toyota and their sales dropped 9%.

So, if the three largest auto manufacturers in the US reported steep drops in vehicles sold for the month of May, who then sold enough vehicles to not only make up for declines within the big three but then sold enough for the DOPE to report a half percent gain for the month? The only answer is there must be some auto manufacturer somewhere in the country that no one has ever seen selling a boatload of cars that no one has ever seen to people who don’t exist. Ain’t the USA just magical in its economic productivity?

What’s that? The only other explanation for the apparent discrepancy in what the DOPE reports and what the actual manufacturers report is that the DOPE reports nothing but lies. Granted they skirt the lie by imparting ‘seasonal adjustments’ to the data. It just seems to me that the auto manufacturers just report raw numbers from the number of vehicles sold in a month compared to sales from the same month from a year ago. Why then does the DOPE alter the data so it somehow shows something positive?

Well, that’s what the US gooberment does. It lies. All the time. About everything.  

So then we must ask, why does the US gooberment feel compelled to constantly lie about everything?

Lies are told to either circumvent the truth or to rebut the truth.

Since our gooberments constantly tell us how great things are, we must therefore understand that reality must be totally the opposite.

Supposedly US net worth just set a record high. Yet, median income is down, home ownership is down, the percentage of citizens in the work force is at record lows, and even the Fed says that half the american families would have a difficult time coming up with $400 bucks in an emergency.

Supposedly the economy is still in recovery mode from the recession of 2008. Yet, corporate debt is up, national debt is up to $19 trillion, and household debt is way up when credit cards and student loans are included. All those new cars being bought? The average selling price for a vehicle in the US is now over $30,000 dollars and the average loan is for almost six years!

What is the gooberment hiding? The real truth. That is, the US is funded with ever-increasing debt that can only be sustained if interest on the loan is minimal to zilch and the currency printing press operates night and day. This is the lie that sustains us. The Federal Reserve Bank is the source of the lie.

In reality, the Federal Reserve Bank has declared economic war on retired citizens. The rule of retirement is to live off of the interest generated by a lifetime of saving. But today, that retirement dream is impossible. The Fed is keeping interest rates at zero so the big banks can finish plundering and pilfering what is left of the middle class and everybody else not in the top 1%. Retired folks can’t live off of zero interest rates. While the Fed is directly helping big banks, they are killing the populace. Has anybody wondered why pensions everywhere in the world are failing and running out of money?

How bad is it? Think of it this way. Bank earnings have been pretty dismal in the last few quarters. This seems incredible when we consider that banks borrow from the Fed at zero interest, pay zero interest to depositors, and still charge anywhere from 3% to 26% on money they lend out. How can they not make mega-profits with an arrangement like that? The only answer is that the real economy must be terrible. If we all acknowledged that, stocks would no doubt crumble and then net worth would no longer be at record highs. The only question now is this. What lies will gooberments tell us in the future to sustain their power?  

Barry M. Ferguson, RFC
President, BMF Investments, Inc.
Primary Tel: 704.563.2960
Other Tel: 866.264.4980
Industry: Investment Advisory
barry@bmfinvest.com
www.bmfinvest.com
www.bmfinvest.blogspot.com

Barry M. Ferguson, RFC is President and founder of BMF Investments, Inc. - a fee-based Investment Advisor in Charlotte, NC. He manages several different portfolios that are designed to be market driven and actively managed. Barry shares his unique perspective through his irreverent and very popular newsletter, Barry’s Bulls, authored the book, Navigating the Mind Fields of Investing Money, lectures on investing, and contributes investment articles to various professional publications. He is a member of the International Association of Registered Financial Consultants, the International Speakers Network, and was presented with the prestigious Cato Award for Distinguished Journalism in the Field of Financial Services in 2009.

© 2016 Copyright BMF Investments, Inc. - All Rights Reserved
Disclaimer: The views discussed in this article are solely the opinion of the writer and have been presented for educational purposes. They are not meant to serve as individual investment advice and should not be taken as such. This is not a solicitation to buy or sell anything. Readers should consult their registered financial representative to determine the suitability of any investment strategies undertaken or implemented.


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