UK GDP: It’s not a Recession but a Depression

I have wrote, blogged and re-blogged about market manipulation, I believe with conviction that all markets are manipulated and statistics on inflation, GDP and employment are not representative or true. If they were, inflation would be 6% plus, unemployment would be double and GDP numbers would prove we are in a depression.

Cui bono? Our illustrious leaders of course, if George Gidion Osborne, David ‘Never worked a full day in my life’ Cameron and William ‘War Criminal’ Hague had to stand in front of the British public with representative statistics, heads would roll…literally. Not forgetting that the wealth transfer, happening through quantitative easing, would end and the banks would fail due to being completely insolvent. Courtesy of Money Week:

I wrote here a few weeks ago about the oddly opaque manner in which the government figures out what inflation-adjusted GDP growth in the UK is. It doesn’t use the RPI or the CPI as a representative of inflation – as you might think they would – instead, it uses its own deflator. I have no idea how that is calculated, and I strongly suspect that almost no one else does either. The key point to note is that until 2010 the RPI and the deflator were much of a muchness. But in the last few years, they have suddenly (and to my mind inexplicably) parted ways. James Ferguson at MacroStrategy Partners has kindly picked this point up for me and produced this chart:

Real GDP vs NGDP adjusted for RPI

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If you assume that the Office for National Statistics’ occult calculations for the deflator are entirely reasonable and correct, the UK has avoided a double dip recession (hooray!). If, on the other hand, you note that the deflator and the RPI have rarely diverged in the past, and so think that using the RPI to deflate nominal GDP continues to make perfect sense, it turns out that the real economy has been contracting since 2008 (boo!).

That’s not a double dip. It is a depression.

We have a new hero…Edward Snowden

The world woke up to the name of the NSA PRISM whistleblower over the weekend and his name is Edward Snowden. I take my hat off to him for bringing this totalitarian spying programme to the worlds attention. How can the leaders of the supposed free world carry out this spying on its citizens and justify it in the name of fighting terrorism? Quite simply, they can’t!

The only terrorists are our own governments, look at who they are backing in Syria for regime change as an example…Al Qaeda and Jabhat al Nusra. Or the apartheid state of Israel or the governments of Qatar, Saudi Arabia, Bahrain or Jordan who do not tolerate free speech or political opponents…yer really spreading democracy. If this is not a sign for citizens across the world to rise up against our political and corporate masters, who no longer represent us, I do not know what is!

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Above is Edward Snowden, this is the face of a hero, along with Bradley Manning who is willing to stand up for what he believes in. I thank Glen Greenwald from the Guardian for bringing this to the attention of the British people and the people of the world. Imagine if Hitler had this technology? How many more millions would he have been able exterminate? I’ve said it before and I will say it again, Orwells 1984 was not meant to be an instruction manual!

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The UK government and in particular Mr Scrotum face himself, Mr Hague, a known liar and war criminal who should be tried for treason and crimes against humanity, had this to say…

Hague added that it was “fanciful” and “nonsense” to suggest that GCHQ would work with an agency in another country to circumvent the law.

Lying to the British public again…There’s only one answer to that lie and that is “extraordinary rendition”. There is clear evidence that British intelligence agencies were not truthful about their involvement in this as well as torture. Also adding to the illegal detention and torture of Afghanistan nationals.

This is why secret courts were introduced by Hagues own government to cover this immoral action. We were told that widespread phone hacking was fanciful nonsense, until the Guardian broke the story. Lies, lies and more lies.

For over 20 years what went on at the Hillsborough disaster was covered up, the families of victims abused and misled with lies.

We were firmly told about the intelligence that Iraq had weapons of mass destruction, hence the justification to invade. That was and is ridiculous, look at Israel saying Iran are close to a nuclear bomb but the only nuclear armed country in the Middle East is Israel, who have not signed the NPT, Iran has.

Recent history is littered with examples of how those in government have misled the public and acted in a way contrary to law, or have simply turned a blind eye, after sitting on the evidence. The only fanciful deceitful nonsense is that spoken by William Hague. When are we going to hold these people to account? That time is upon us!

“If you are a law-abiding citizen of this country going about your business and your personal life you have nothing to fear”

One name which jumps to my mind is “Jean Charles de Menezes”

This is I think one of the most sinister statements ever made by a British politician. There is plenty of evidence that innocent people do have things to fear.

“But if you are a would-be terrorist or the centre of a criminal network or a foreign intelligence agency trying to spy on Britain you should be worried because that is what we work on and we are, on the whole, quite good at it.”

Is this liar for real?

What about the 7/7 Bomber that the intelligence services followed after meeting with a known terrorist, and decided not to follow up because they were not a threat? What about the Aurora shootings, Christopher Dorner, the Boston Bombings, Sandy Hook and the death of Lee Rigby. This PRISM programme is not for our safety but for power and control.

I call on anyone who reads this, for our children and their children, to resist and rise up against these liars. Write to your MP, talk to your friends and family. I’m a big believer that history repeats itself, lest not forget what Hitler did when he had people’s information.