No Doubt FED Is Manipulating Inflation Numbers, & More #News

Platinum Wealth Partners' Insights

Any serious investor who believes that the CPI numbers (etc.) created by governments everywhere are real and accurate is the sort of bigger fool everyone is looking for - to support  many ventures. Now, sooner or later, the markets are going to wake up to  this reality,inclusive of  China, to Greece to Brazil and  the USA, plus many more - and then watch the proverbial "you-know-what ' hit the fan.

In turn, the spin doctors and other Pinocchios will be fully employed in very secure long-term activities as they seek to baffle the feeble-minded towards ratification and consumption. So yes, Eric Sprott is right.- so Is Noam Chomsky; so was John Steinbeck..

Never forget Arthur Anderson, Enron , China the Fed. and all the rest. For as always, remember this utter wisdom -  figures lie, only because liars figure. 

Beware, and good luck!

August 31, 2015

Eric Sprott Was Right, Inflation Is Rising

Eric showed the above table in his presentation. It shows that the true level of inflation, a persistent increase in prices, has been sitting around 10% since 2011. Indeed, a far worse picture than what the US Federal Reserve paints. The Fed argues that prices have been rising below 2% for the past four years. That said, the Fed doesn’t include food, petrol and taxes in its inflation index. This is similar to the Reserve Bank of Australia’s inflation calculation.

But then who needs petrol and food, right?

So it’s not surprising that Jim Rickard’s, over at Strategic Intelligence, argues that there’s no worse forecaster in the world than the US Fed.

You may have noticed each year that Australian healthcare companies raise their premiums by roughly 6%. Well, costs are also rising over in the US.

I’ve been speaking to many US citizens up here at the conference. The word on the street is that Obamacare is one of the worst policies of all time. It’s legally forced those who can’t afford health care to buy; at the same time, hiking insurance premiums for those who require modest healthcare.

And it’s only going to get worse…

Optimistic About Inflation, Stanley 

Fischer Suggests

 That Fed Will Stick to Plan on Rates

The Fed’s preferred measure of inflation shows that prices rose 0.3 percent during the 12 months ending in July, well below the 2 percent annual pace the Fed considers healthy. A narrower measure excluding food and oil prices, which the Fed regards as more predictive, increased 1.2 percent over that same period.

Printing Money Goes Haywire in Venezuela 

Venezuela seems to be hovering on the edge of tipping into hyperinflation. Or perhaps it has already fallen into the abyss. Given the paucity of official data -- the none-too-believable official figures were last published in February -- it's a little hard to tell.

China Construction Bank Posts Zero Profit Growth on Weak Economy 

Industrial overcapacity, a build-up of corporate debt and a $5 trillion stock-market slump are making it harder for Premier Li Keqiang to prevent a deeper economic slowdown. The combined earnings of China’s five biggest banks are projected to rise 2 percent this year, the least since at least 2004, according to analysts’ estimates compiled by Bloomberg.

The Coddling of the American Mind 

There’s a saying common in education circles: Don’t teach students what to think; teach them how to think. The idea goes back at least as far as Socrates. Today, what we call the Socratic method is a way of teaching that fosters critical thinking, in part by encouraging students to question their own unexamined beliefs, as well as the received wisdom of those around them. Such questioning sometimes leads to discomfort, and even to anger, on the way to understanding.

Bond Market Explosion Not Stoppable: Craig Hemke 

What I really worry about is that transition from one financial scheme to the next is never done peacefully. The hegemon that has the printing press, that has the reserve currency, they don’t just sit back and say we’ve had our time in the sun. Now it’s your turn. No, they fight as hard as they can to protect and defend that. That’s my biggest concern.

Lies You Will Hear As The

 Economic Collapse 

Progresses

It is undeniable; the final collapse triggers are upon us, triggers alternative economists have been warning about since the initial implosion of 2008. In the years since the derivatives disaster, there has been no end to the absurd and ludicrous propaganda coming out of mainstream financial outlets and as the situation in markets becomes worse, the propaganda will only increase. This might seem counter-intuitive to many. You would think that the more obvious the economic collapse becomes, the more alternative analysts will be vindicated and the more awake and aware the average person will be. Not necessarily...

 

In fact, the mainstream spin machine is going into high speed the more negative data is exposed and absorbed into the markets. If you know your history, then you know that this is a common tactic by the establishment elite to string the public along with false hopes so that they do not prepare or take alternative measures while the system crumbles around their ears. At the onset of the Great Depression the same strategies were used. Consider if you've heard similar quotes to these in the mainstream news over the past couple months:

A Passing Thought...

ALERT - 23 Stock Market Crashes Are Now Occurring, & More

23 Nations Around The World Where Stock Market Crashes Are Already Happening

You can stop waiting for a global financial crisis to happen.  The truth is that one is happening right now.  All over the world, stock markets are already crashing.  Most of these stock market crashes are occurring in nations that are known as “emerging markets”.  In recent years, developing countries in Asia, South America and Africa loaded up on lots of cheap loans that were denominated in U.S. dollars.  But now that the U.S. dollar has been surging, those borrowers are finding that it takes much more of their own local currencies to service those loans.  At the same time, prices are crashing for many of the commodities that those countries export.  The exact same kind of double whammy caused the Latin American debt crisis of the 1980s and the Asian financial crisis of the 1990s.

As you read this article, almost every single stock market in the world is down significantly from a record high that was set either earlier this year or late in 2014.  But even though stocks have been sliding in the western world, they haven’t completely collapsed just yet.

Morgan Stanley's Fragile Five Swells To Troubled 10 In Selloff

Forget the “Fragile Five.” These days, strategists at Morgan Stanley are worried about what could be called the “Troubled Ten.”

That’s how many nations they say are particularly at risk since China devalued the yuan. While the analysts haven’t used the term themselves, it’s as good a description as any for the currencies -- from the Brazilian real to Peru’s sol and South Korea’s won -- which have trading ties making them susceptible to a slowdown in the world’s second-biggest economy.

“It’s all about vulnerability,” said Hans Redeker, the London-based global head of foreign-exchange strategy at Morgan Stanley. “Major victims of the policy change this time are currencies of countries with high export exposure and export competitiveness with China.”

Ten Years Later, the “Halliburton Loophole” and America’s Dirty Fracking Boom

Bush explicitly exempted fracking operations from key provisions of the Safe Drinking Water Act. These exemptions from a fundamental environmental protection law provided the oil and gas industry the immunity to develop a highly polluting process on a grand national scale.

Cheap solar in India sounds death knell for coal imports, Australia’s included

Solar pricing is now cheaper than new imported thermal coal-fired power plants.  Thus it is irrational to build another power plant fuelled by imported coal. The death knell for the seaborne traded coal industry has sounded.

What We Don’t Know Will Hurt Us: 

Ignorance In The Information Age 

When discussing what makes a difference in the health of

 Canadians, we tend to think first of the health care system. 

Doctors and hospitals, physiotherapists and pharmacies;

 these things are important. But they are far less important 

than other elements of people’s lives. 

Is the Economy Ready for Higher 

Interest Rates? 

Low interest rates act as a boost to the economy; they spur 

lending and encourage spending capital. Higher interest

 rates do the opposite; they suppress lending, and encourage 

saving — both of which slow an economy.

In other words, if rates were to lift off in a fragile economy,

 one like we have, it could cause a greater collapse than the

 financial crisis because the few people who are spending

 now would stop and sock their wealth away in savings to 

enjoy the higher rates.

Looking Back

Why Southeast Asia's Boom Is A Bubble-Driven Illusion

Since the Global Financial Crisis, Southeast Asia has been one of the world’s few bright spots for economic growth and investment returns. With its relatively young population of 600 million and its growing middle class, Southeast Asia has been the scene of a modern-day gold rush as international companies clamor to get a piece of the action. Unfortunately, my research has found that much of this region’s growth in recent years has been driven by ballooning credit and asset bubbles – a pattern that is also occurring in numerous emerging economies across the globe.

In the past few months, I have published reports about the growing bubbles inSingapore, Malaysia, Thailand, the Philippines, and Indonesia, and I will use this report to explain the region’s economic bubble as a whole. My five Southeast Asian country reports have generated quite a bit of interest and controversy, and were read nearly 1.3 million times, and were publicly denied by the central banks of Singapore, Malaysia, and the Philippines.

Learning Success: 

APPLY Tips From The Best

Larry Page,  Google – 


Larry Page is another example of a businessperson who can persevere any challenge. Larry and his company have faced much criticism and received ample praise over the years for his company’s actions. But in the midst of the storm, he has never let what others think sway him from pursuing the course for his company that he considers the best.

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