zogger's Journal: The real economy

I think anyone who has been paying attention would agree that a lot of the government produced economic indicators have been severely cooked over the past..long time now, to make things look better than what they really are. The subject of this interview has a well respected website called shadowstats.com that recreates the released figures and translates them back closer to reality, to what they should be before enron and **AA accounting took over in the Federal government and so on. Here is a short Q and A with him on what to expect with the economy, about what I have been saying for three years* now, here and before on Technocrat.

*more like decades, but I can't throw a link to that to prove it. I knew we were hosed when they started the Wall Street war on domestic manufacturing, to be replaced with credit/inflation and "services" to..credit. You can only get away with calling an IOU produced wealth for some time, and I think we hit that maximum level a few years ago now. What you see today is spin and damage control efforts, along with the fast rise of the "security for a few fatcats" police state "investment", said investment they take FROM you to benefit THEM.

Oh ya, tangibles still rule. You don't have to be religious at all to grok that "just weights and measures" is a better and more fair idea than the thumb on the scale and the grifter's spiel and promises model that we have now as official economic policy. All those conmen are in the business of selling you *vapor*, giving you the magic beans for the cow "trade", no different from the street corner three card monte hucksters, so never expect them to say or do anything contrary to that model.