Distorted Perceptions (of Fact)

By DataAnalytics

Data and Information in the last decade has become so
prevalent and available to almost anyone with an internet
connection, that it might lead one to believe we have become
a fact-based culture. Indeed, just the opposite has been occurring.

Which is not to say there are not good, reliable sources of  data
and information available. But the ability to parse out the noise,
irrelevancy and falsities are becoming more and more difficult as
the content of electronic text and information rapidly expands.

Consequently, Data and Information does not necessarily correlate
into Fact and Knowledge. This trend has become widely evident
over the last 4 plus years of the financial and economic crisis.

Daily, weekly, monthly and yearly reports published by financiers,
banks and government agencies; such as the BLS (labor data),
Census (CP Surveys) and FHA/GSE entities (housing/mortgage data)
have been proven to be doctored and overall manipulated data-sets
that have been and currently are being passed off as so-called fact
and subsequently, knowledge.

Data Information Knowledge

What is knowledge? Knowledge is the direct relationship of thorough
investigation, in-depth study and thoughtful analysis. In essence,
it is the ‘science’ of information- indeed, it is not an idea or perception,
but rather Fact, which is the foundation of all knowledge.

What knowledge is not though, is a perception of facts. Sadly
though, that (perception) is what most of the main stream financial
and economic news, findings and figures have become. A perception,
or rather a Distorted Perception.

Among the many benefits of knowledge, is knowledge that leads
to improved and more efficient decision making. Applicable content
and data which can be filtered down to being relevant and practical
information,is one of the keys to obtaining fact-based knowledge.

But in recent years more-so than ever, authority, to a certain
extent, has taken information and data and turned into a ‘concept’
of a perceived fact rather than absolute fact, to suit their
particular needs; economically, politically and financially.

Which of course, then places ‘Fact’ under scrutiny. In addition to
these entities of authority, are ‘Social’ media and business platforms,
where there are significant gaps in credible data. As well as in the
delivery of credible content and data, which is typically unstructured,
unverified, and often results in unreliable content and information.

The verification of data and then, how data gets expressed is mission
critical to the competence of any informative data-set and ultimately
the Foundation of Fact-Based Knowledge.

nucleus
So while the flow of data, information and knowledge cannot, nor
should not be limited, there needs to be more of an emphasis placed
upon the reliability and verification of data, information with relation
to the knowledge attained from absolute Fact. Credibility and reliability
are indeed the core pillars to achieving a true fact-based culture.

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Collusion between Government and Corporate Banks

By DataAnalytics - (Video via Bill Moyers Show)

“There’s no clearer example of the collusion between government
and finance than the deal that created Citigroup in the first place.”


Bill Moyers talks with former Citigroup Chairman John Reed to explore
how the mid-90’s merger of Citicorp and Travelers Group – and a friendly
Presidential pen (one Bill Clinton), brought down the Glass-Steagall Act.

While there were many people of power and influence involved, there
were three main players who were key in enabling the death of Glass-Steagall
were Fed Chairman, Alan Greenspan, Republican Senator, Phil Gramm
and Democratic Secretary of the Treasury, Robert Rubin.
(who was also former co-chair of Goldman Sachs)

All were heavily ‘pressed’ (and probably compensated) by Sandy Weill, head of
the investment bank and insurance company Travelers Group.
(Travelers merged with Citibank to form Citigroup)

In the prior weeks leading up to the repeal of Glass-Steagall, Rubin resigned his
government post to join Citigroup’s board, the very financial giant made possible
by the subsequent Glass-Steagall Act’s elimination.

While the darling of the media and the left-wing, former president Bill Clinton,
willingly and knowingly signed the bill eliminating Glass-Steagall. On the
April 1998 night before the signing, Weill stated:
“The President (Clinton) was in fact told last evening about what was going to happen.”

So, those who think or refuse to believe that Clinton was unaware or had no part
in the what was to be the creation of “Too Big to Fail” are dead wrong or just plain ignorant.

Among the legislation’s many detractors, was Senator, Byron Dorgan.
“We are with this piece of legislation moving towards greater risk.
We are almost certainly moving towards substantial new concentration
and mergers in the financial services industry, that is almost certainly not
in the interest of consumers.”

Senator Dorgan stated that in ten years we will look back and regret what was
enacted and sure enough in 2008, exactly ten years later, he was dead-on right.

What is without a doubt most apparent, is the full cooperation and collusion between
major players in BOTH political parties. As we have been stating for years, the majority of Republicans and Democrats are corrupt, deceitful and only looking to advance their
careers and fatten their wallets on the backs of the American tax paying public.
It’s time to start voting for alternative parties, period.

Read the full transcript here

Consumer Inflation (Food & Fuel)

By DataAnalytics

A brief report on the latest purported inflation figures.

As if under some giant slumber, the ‘public’ was given the standard
rhetorical tripe on monthly inflation figures today from the BLS.

Amazingly, CPI-U barley rose a half a percent, in fact it ‘printed’ at
0.4%! Now considering more than half the population are most likely
‘asleep at the wheel’ this report deserves a double-take, even from the
most inept, reality-TV, stupor-induced American.

If you buy groceries and drive a vehicle, you must realize
(at least we hope so) that it is costing you much, much more to
feed you and your family and fill up the old gas tank.

How much more? Well for gasoline, the national average per gallon
is now at $3.83, up from $3.54 a year ago. That’s an 8.1% Rise.
How about from last month? Prices from February are up a hefty 12%.
But yet, the BLS proclaims that the ‘official’ measure of inflation has
only risen 0.4%. How can that be? Simple, one word. Deception.

gas price chart

How about food prices? Well let’s take a closer look at the cost of food
commodities from January 2012 back to January 2011. Meat, Poultry,
Fish and eggs are up on a weighted basis of 7.21% from a year ago.
Dairy and related dairy (cheeses, yogurts, etc) have increased 9% since
last year, while Cereal and Bakery products are up 5.25% from January ’11.

cereal meat eggs

Can’t live without that morning cup of home brewed Coffee? (me neither)
Well, roasted coffee prices have soared a whopping 16.85% from January 2011.
The only ‘good’ news, is that Fruits and Vegetables have actually
dropped about a half a percent, 06% to be exact.

coffee & veg

So while the government and B-B-B- Benny and Fed tout virtually no
to little inflation, there are some of us, who understand that this simply
is NOT true. The government is playing a game, a dangerous game at that.
Manipulating, doctoring and fabricating numbers and figures in order to
‘show’ that Central Bank intervention is working. (which we know is a failure)

The BLS has truly become a Ministry of Propaganda for the government.
No longer an agency of credibility and non-partisan reporting. Engaged
in a campaign of utter and sheer deceit on jobs data and inflation.
Making a mockery of the Statistical arm of academics and public trust.

Crony Capitalism or Corporatism by any other name…

Via Bill Moyers


Moyers & Company
explores the tight connection between Wall Street
and the White House with David Stockman, former budget director
for President Reagan.

Stockman speaks candidly with Moyers about how money dominates
politics, distorting free markets and endangering democracy.
“As a result,” Stockman says, “we have neither capitalism nor democracy.
We have crony capitalism.” Or Corporatism.

 

The Engineered Market and the Doctored Unemployment Rate

Friday, March 2nd, 2012

Short interview with Mark Leibovit of VRGoldletter.com, who speaks with
NBR’s Tom Hudson about the Fed’s manipulations, the engineered stock
market and the Doctored Unemployment Rate.

Video segment is from NBR with Tom Hudson. Full Transcript.

 

 

” My sense is not as optimistic. I don’t believe the figures
that we’ve been getting from the government.”

“There’s a lot of talk about the employment numbers, we know those
have been doctored up…”