The New American Credo: Might Is Right - Paul Craig Roberts

In this follow up piece to yesterday's article,  Dr. Roberts exposes Nosferatu's errrr Michael Chertoff's connection to the full body scanners. ~jg

globalresearch.ca

In my last column, Who Has The Crystal Ball, I questioned the existence of “the liberal media,” and I remarked that it would be interesting to know the manufacturer of the full body scanners and the company’s relationship to the US and Israeli governments.

Conservative readers wrote to me saying that, as I had not mentioned National Public Radio, I had hidden “the liberal media” under the table. Another reader, well informed on the subject, told me about the full body scanner company and its relationship to the US and Israeli governments.

Let’s begin with the latter.

Deceptive Economic Statistics: While the economists lied the US economy died

Paul Craig Roberts
Infowars.com
August 17, 2010

On August 17, Bloomberg reported a US government release that industrial production rose twice as much as forecast, climbing 1 percent. Bloomberg interpreted this to mean that “increased business investment is propelling the gains in manufacturing, which accounts for 11 percent of the world’s largest economy.”

		Secretary Treasury Tim Geithner welcomed us to “the recovery.”

The stock market rose.

Let’s look at this through the lens of statistician John Williams of shadowstats.com. Williams reports that “the primary driver of a 1.0% monthly gain in seasonally-adjusted July industrial production” was “warped seasonal factors” caused by “the irregular patterns in U.S. auto production in the last two years.” Industrial production “shrank by 1.0% before seasonal adjustments.”

If the government and Bloomberg had announced that industrial production fell by 1.0% in July, would the stock market have risen 104 points on August 17?