Written by Jeff Nielson Saturday, 17 January 2015 14:15
The quick-and-easy way to categorize the retail sector of the U.S. economy would be to use the metaphor of âfalling off a cliffâ. However, such a characterization would be overly simplistic. A more accurate analogy would be to consider someone sliding halfway down the side of a mountain â and then falling off a cliff. This represents the retail sector of the largest âconsumer economyâ the world has ever seen.
As explained previously; a âconsumer economyâ is (by definition) a dying economy. Consumption is not an activity which contributes to the productivity of any nation. Rather, âconsumptionâ is our means of harvesting the fruits of previous labours. As a matter of elementary logic; such âharvestingâ cannot continue over any extended period, or one will simply run out of anything to harvest.
At that point; the consumer economy becomes a debtor economy, meaning a Deadbeat Economy, since it now lacks the productive capacity to pay for what it consumes. Our economies have become a cartoon, and our governments have become a Cartoon Character, specifically Wimpy, from the old âPopeyeâ cartoons.
âIâll pay you on Tuesday for a hamburger today.â
Children laugh at the cartoon, because everyone knows that Wimpy can never pay for the hamburger on âTuesdayâ, but rather when it comes time to pay for his consumption he will simply seek to do more mooching. That is the âconsumer economyâ. That is the U.S. economy.
But as with the mooching of any Deadbeat; at some point such reckless irresponsibility must come to an end. At some point; all the mooching, and all the lies about âpayingâ for the mooching will come to an end, because those in possession of wealth will simply refuse to surrender any more of it to the Deadbeat. That is the U.S. consumer economy today.
The U.S. retail sector has been âsliding down the mountainâ for many years now, although the rate of this slide has dramatically accelerated since the Crash of â08, and the mythical âU.S. recoveryâ. Three million less people are now working in the U.S. since the ârecoveryâ began. Gasoline consumption has plummeted by 60% since the ârecoveryâ began.
Then there is the train-wreck we know as the U.S. retail sector. Here the economic lies are especially transparent, as has been explained in many previous commentaries. The principle means by which the economic lies of (in particular) the U.S. government seem to indicate âgrowthâ in the retail sector is that the lies never account for inflation.
In the real world; inflation is 10+% every year. Thus when attempting to âmeasureâ consumption revenues in the retail sector (which is all that our governments ever measure), revenues will increase by 10+% from inflation alone. If inflation is not âsubtractedâ out of this calculation, then we are not measuring any change (rise or fall) in retail sales.
Rather, what is being measured is the change in retail sales plus the rate of inflation. Since we only want to know the change in retail sales, and since subtracting inflation from this calculation is so simple a ten-year-old child could do it; the fact that our governments refuse to remove inflation from this statistic is proof their âstatisticsâ here are deliberate lies, specifically a statistic which exaggerates the level of economic activity in the retail sector by the full rate of inflation.
What happens when we do subtract inflation, and then calculate U.S. retail sales? As has been frequently observed, once inflation is subtracted in order to create a meaningful calculation; we see that U.S. retail sales have been falling every year. Indeed, sales have been falling in nearly every month of every year.
Written by Jeff Nielson Monday, 12 January 2015 17:24
The gold market of India has become one of the focal points of the precious metals sector, for several reasons. To begin with; India is historically the worldâs largest market for gold, directly implying that India is also (very likely) the worldâs largest repository of gold.
What makes this reality of particular interest is that India has never produced much gold, in the form of gold-mining. Furthermore, unlike much of the rest of the world; Indiaâs gold market is relatively âpureâ, meaning it has not been contaminated/diluted by various forms of the bankersâ paper-called-gold frauds. Putting all these facts together; the result is that Indiaâs gold imports were one of the few relatively transparent segments of the global gold market, in terms of gauging the strength of global gold demand.
It was for all of these reasons that India has now become yet another target of the One Bank. The bankstersâ economic terrorism against India commenced in the summer of 2013. As regular readers are well aware; this was a direct response to the enormous spike in Indian gold imports in the spring of 2013. In turn; this spike in Indian gold demand was merely part of a global stampede into the Metal of the Sun â a direct consequence of the bankstersâ infamous Cyprus Steal, the worldâs first âbail-inâ.
The One Bank attacked the currency of India, much like these notorious currency-manipulators are now doing against Russia. It was an act of simple, ruthless blackmail, telegraphed by the parrots of the Corporate media. Indiaâs so-called âcurrency crisisâ would not end until that government had blocked most/all of its gold imports, proclaimed the bankstersâ messengers.
It was typical of the psychopathic mentality of this crime syndicate. The One Bank felt âthreatenedâ by this sudden spike in gold demand (directly caused by its own, prior crime), because it put even more pressure upon its insanely leveraged/totally illegal, precious metals Ponzi-schemes. But the One Bankâs crude extortion scheme turned into a total fiasco.
a)Â Â Gold-smuggling into India quickly replaced most of the official gold imports which had now been blocked, as it was endemic gold-smuggling which had previously caused Indiaâs government to âliberalizeâ its gold market, so that all the gold entered the country legally/officially.
b) This massive gold-smuggling naturally produced a blackmarket for gold, and (in turn) a Decoupling in the gold market, as a real-world price for gold began to emerge â one that could not be controlled by any of the bankstersâ market manipulations.
c) Any drop in gold imports was made up, on a rupee-for-rupee basis, with increased silver imports, where (arguably) the bankstersâ leveraged frauds and depleted inventories represent even more of a crisis for that cabal.
We know that the One Bank has acknowledged its own failure here, and allowed Indiaâs government to normalize its gold imports once again, because as Indiaâs gold imports rose back toward previous levels, there has been no mysterious âcurrency crisisâ in response to the same gold-import levels. But this brings us to the start of 2015, where this melodrama of bungled extortion has taken another surprising turn.