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US Affluence Economics: Low-Inflation and
Fool Employment
By Ben Tanosborn
Al-Jazeerah, CCUN, July 7, 2014
Numbers don’t lie, the saying goes, but the have-liars are doing
their numbers on the gullible have-nots. And although mathematics is
an exact science, it can be used as a practical tool by inexact social
scientists working for those trying to influence people at the civic or
individual level, call it politics or more accurately, persuasive deceit.
That’s where we have been finding ourselves in the United States for
more than three decades, sporting a government of the powerful affluent,
whether ran by the apostles of Tweedledee, or the disciples of Tweedledum,
lying to the citizenship in all aspects that matter, be it their security,
human rights or economic health. We might think that
Washington is as pitchfork-worthy today as France was in 1787, or Tsarist
Russia in 1917; however, we are still likely a few leagues away from the
igniting point that sparks a true revolution, where reality sets in and
replaces the mirage created by economic-political brainwashing. Not
quite there yet, the number of people struggling to put food on the table,
although increasing at an accelerating pace, still only represents about 20
percent of those privileged in not having to receive SNAP (Supplemental
Nutrition Assistance Program) benefits... those contemptible,
dignity-stripped food stamps. In the US we live in two
interconnected economic worlds; however, we are brainwashed into believing
we are a single, if diverse, society, with one economy, one flag, and one
common destiny. But we are not; we are a 2-tier society of haves and
have-nots with two distinct economies operating side by side. Two
economies that must be measured separately if we dare face the economic and
social realities that separate us from being one people, one nation… rancor
and anger dividing us even when saluting the very same flag. Still
blaming that odious One Percent of capitalists, Knights of Our Economy, when
we should be blaming the culprits in all of this, the Nineteen Percent of
troglodyte lackeys serving in their roles of squires, helping to keep our
downtrodden hoi polloi in check… and we all know who the squires are; what
many of those squires don’t seem to understand is the precariousness of
being a squire, and how prone they are to join the ranks of the have-nots…
as the 80-20 rule becomes 85-15, then 90-10. Perhaps then our
revolution will get to ignite, bringing a more benign form of capitalism to
this nation, and not the predatory, in your face capitalism which enslaves
us today. Just in time to celebrate
Independence Day, our illusionist government came out with “great ‘job
numbers’” to keep the fireworks flying high, exploding in spectacular
multi-colored brightness, lifting our spirits of eternal hope for a
“recuperated” economy following course to a Dow Industrials that would
surpass the 17,000 mark on the day 288,000 jobs were said to be added by
employers to their payrolls, 73,000 more than economists had predicted.
Five straight months with job creation exceeding 200,000; the unemployment
rate dropping all the way to 6.1 percent, the lowest level in almost six
years, and a radiant and jubilatory Wall Street which has restored the
pre-recession lost value to the Squires’ 401k’s. But all of
this hoopla is an exercise in farce-economics, stats in Affluence Economics
that have little to do with the economic condition of the have-nots, where
unemployment rates, jobs created and rate of inflation need to be extracted
from other data applicable to them, stats that reflect Have-nots Economics,
not Washington’s generic bullshit. Jobs created and rate of
unemployment need to have realistic basis, not the joke that it is today
where stats for underemployed or chronically unemployed are not part of the
picture. According to OECD (Organization for Economic Co-operation and
Development) we are now at Full Employment here in the US since the measured
unemployment level is within the 4 to 6.4% range. “Fool” employment, I
feel, since US true unemployment rate (if properly measured) is probably in
the 15 to 20% range. But where have-nots are brutally-penalized most
is in the measurement of inflation, as much of their revenue comes from
fixed sources (retirement, social benefits, etc.) that use those inflation
figures, nowadays 50 to 200 percent off the mark, since the basket of goods
consumed by the poor is totally different from that of the affluent 20
percent. A 25 percent increase in food prices may not be that
meaningful to that remaining middle class, but it is critical to those at
the poverty level, or even 10-20 percent higher. Where the government
has told us we have averaged a 1.9 annual rate of inflation in the past four
years, for the have-nots the figure is probably closer to 6 percent (over
200 percent more). Great savings for our illusionist government now
able to invest more money in weapons for the Pentagon!
We needn’t worry about terrorism coming to America from outside our
borders; we are seeding terrorism right here, in our “land of opportunity”
garden, an extremely bitter plant of discontent that will make terrorists of
our neighbors and poison us all. Happy Independence Day to the
Haves, and a Happy Dependence Day to the Have-nots!
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