How To Fake An Economic Recovery

By Giordano Bruno
Neithercorp Press – 2/16/2011
This may be a highly distasteful proposition, but just for a moment, I want you to sit back, and imagine that you are a member of
the corporate banking elite. You are a walking talking disease ridden power mad pustule who naively believes himself intellectu-
ally superior to the vast majority of humanity and above the inherent laws of conscience, honor, and general good taste. You are
a villain in the purest sense, in that you not only do great harm to the world, you actually SEEK to do great harm to the world, if
only to benefit yourself and your exclusive circle of “friends”; a clan of degenerate blood thirsty sociopaths with delusions of
omnipotence that stalk the night like Armani wearing Chupacabra exsanguinating the joy from poor unsuspecting cultures. You
are capable of anything, and sadly, you take “pride” in this fact…
You aren’t “rich” in the traditional sense. You aren’t a “Bill Gates” or a “Donald Trump” (I’m beginning to wonder if Donald
Trump is even solvent, or if his entire fortune is a special-effect courtesy of NBC). No, you don’t “make” money, you MAKE
the money. You are a global financier. You are a central banker. You create the fiat that the rest of the country uses to sustain its
fantasy economy. You dominate trade through monopoly and corporate fraud. You control the flow of currency through an eco-
nomic system using fractional reserve banking, artificially pegged interest rates, and your ever trusty printing press. You put
your substantial monetary clout behind BOTH major political parties, and groom presidential candidates to your globalist stan-
dards. Any politician who desires to climb the ladder of power turns to you for assistance, not the voting public. You have a tre-
mendous financial stake in every corporate news provider in the country, if not own them outright. You invite their top reporters
to posh banquets, give them unlimited access to prominent social figures and high rollers, and fly them to private alcohol addled
orgies in the middle of the California Redwoods (I wish this was all made up). Forget responsible journalism, they love hanging
out with you, and would probably write whatever you tell them to.
Now that you have placed yourself in the tight fitting shoes of the “enlightened few”, I want you to imagine that you have engi-
neered an implosion in national credit sectors using ultra-low interest rates to fuel mortgage and derivatives bubbles that would
contract at an unprecedented pace once it is revealed to the wider investment world that those equities which they prized only
days before are now “toxic”, essentially worthless, due to mass debt defaults on loans which never should have been made in the
first place. Yeah, you’re a real dirtbag.
Of course, you aren’t finished yet! Your ultimate goal is centralization, and the key to centralization is to remove all options
available to the masses but one; the option which garners you the greatest amount of dominance. A global economic system
based on a single world currency and a single unaccountable governing body would be ideal. What would you call this world
currency? I don’t know, how about something innocuous sounding like….Special Drawing Rights (SDR’s), which you can then
label as a mere “basket of currencies” when it is really a parasitic financial instrument meant to absorb currencies until it re-
places them completely:
http://money.cnn.com/2011/02/10/markets/dollar/index.htm

http://www.rte.ie/news/2011/0214/g20-business.html
In order to begin instituting this world currency, you would first need to remove the standing world reserve currency from its ex-
alted position, that currency being the U.S. dollar. This seems rather impossible to many mainstream analysts who cannot
fathom the possibility of a breakdown in the mighty Greenback, but you have already set the stage. You have created a progres-
sive debt singularity so immense that no amount of fiat, no amount of taxation, no amount of austerity could ever satiate its hun-
ger. You now have the perfect excuse to print the dollar with wild abandon until its withered, corpsified remains are six feet un-
derground, leaving the door wide open for the tap dancing fast-talking SDR to take its place.
The issue is, how do you convince the general public that all is well until you are ready to unleash hyperinflation and fiscal Ar-
mageddon? How do you make them believe with all their hearts that they are not in the midst of a debt meltdown and the end of
their financial sovereignty, but basking in a full-on economic recovery?!
You can’t stop wealth destruction now that the avalanche has been set in motion. You can’t stop inflation and dollar devaluation
(nor would you want to. Hey, you’re evil incarnate, remember?). The effects on mainstreet are beyond your ability to hide, but,
what you CAN manipulate, are the statistics and indices that Americans rely on for psychological comfort. You give everyone a
blindfold and a cigarette and you do what you do best; lie!
Here is a step by step guide to fabricating an economic recovery out of thin air….
Don’t Count The Unemployed, Discount Them: Jobless people are a real downer and a pesky nuisance because they represent
living breathing proof that a recovery is not taking place. By most standards, a recovery in jobs markets can be claimed if mean-
ingful evidence shows a return to unemployment standards (normal unemployment) set before the recession / depression was
triggered. If you are a global banker today, however, this will not do. Instead, you simply change the definition of “normal un-
employment”. Thus, the debilitating jobless rate which was originally thought of as “bad”, is now thought of as “natural”. You
must then publish long-winded white papers using more subjective statistics devoid of common sense while feigning a logical
pretense:
http://www.frbsf.org/publications/economics/letter/2011/el2011-05.html
This only satisfies a small portion of the populace, though. Next, you must rig the manner in which unemployment is calculated
to always overlook certain subsections of jobless. Never count those people who have been unemployed so long that they no
longer receive benefits. Always count people who are underemployed as fully employed, even if they are only able to scrape to-
gether ten hours a week through part time McSlavery. After this, change the manner in which raw data on unemployment is actu-
ally collected.
First, the Labor Department derives most of its raw data on unemployment not through any traditional mathematical means, but
through two separate surveys which are open to wide interpretation; an establishment survey, and a household survey. The estab-
lishment survey is what we hear about at the beginning of every month, while the household survey tends to float under the
mainstream radar. In 2009 and 2010, the Labor Department deemed the household survey data (a phone driven survey of 60,000
households) “more reliable” for indicating job growth, because it was supposedly accurate in counting small business hiring and
self-employment. So, you have two separate surveys (unscientific indicators of employment) combined together to produce a job
growth rate number, and an unemployment percentage, both of which represent, at the most, a GUESS on the current state of
jobs in this country.
While the establishment survey showed only 36,000 jobs created, the household survey somehow showed around 600,000 new
jobs created!?:
http://www.bls.gov/news.release/pdf/empsit.pdf
Basically, the BLS is asking you to believe that over 600,000 people either started their own businesses, or were hired by home
based businesses in the month of January alone. I’m curious as to where all the capital inflows are coming from to launch such a
revolution in home entrepreneurship in the middle of the greatest credit crisis in history. Oh well, if the Labor Department says
it’s true, it must be…
The juxtaposition of odd data collection methods is the reason why the government was able to claim a drop from 9.4% to 9% in
the jobless rate while announcing only 36,000 jobs created! The household survey has become an incredibly useful tool for gen-
erating arbitrary employment data which can be molded to say whatever government officials and central bankers want it to say.
Anyone who controls the source data for a calculation controls the outcome of that calculation. It’s that simple.
What I wouldn’t want, if I was the Labor Department, is for some outside independent citizens group to monitor my survey
methods while in progress. That would make life for a statistical huckster very difficult indeed.
As Long As Stocks Are Green, The World Is Golden: Near zero interest rates can be very useful if a central bank wishes to
throw a tidal wave of fiat into a particular index in order to make it appear healthy. Certainly, the Fed has avoided admitting to
any manipulation of the stock market. QE measures are all “above the board”, and all is well in Bernanke’s Mayberry. A ques-
tion arises here though that desperately begs to be answered; if the stock market’s meteoric rise from near destruction to the
12,000 point mark is “real”, and completely in tune with a legitimate recovery, then why is the Fed still keeping interest rates at
near zero after almost three years, and why are they continuing quantitative easing measures? Could it be that without constant
liquidity injections from the Fed, the stock market would once again collapse like a wet paper sack? We know that in 2009, it
was revealed that bailout funds which were supposed to go towards muting the effects of toxic bank assets were actually being
pumped into the equities of healthy banks instead, meaning,the money has not been allocated to the areas promised:
http://www.associatedcontent.com/article/1436061/more_shocking_news_on_2009_bailout.html
We also know that top hedge fund managers have openly stated that stocks will remain bullish because QE funds are propping
up the market:
http://www.marketwatch.com/story/tepper-tells-cnbc-fed-will-prop-up-market-2010-09-24
And, frankly, if you are a global banking cartel intent on keeping the American people in the dark, it makes perfect sense to prop
up stocks. A Dow in the green is like a mass dose of fiscal lithium; it calms investors into a stupor. Even people who are other-
wise unconcerned about economics will keep track of the Dow as if it is a solid indicator of their personal financial safety. A
great test would be to observe market reactions to a Federal Reserve interest rate hike and a freezing of QE in order to counter
inflation. Will the Dow stand on its own two feet then? I seriously doubt it, but then again, I don’t know that the Fed will ever
raise interest rates again…
Inflation? What Inflation?: Unmitigated inflation spells doom for any society. It’s like some monetary based animal instinct
deep down in our collective unconscious. The moment we hear the word “inflation” or see prices rise dramatically, we revert to
survival mode and begin honing our mammoth bone battle mallets. Governments and central banks throughout history have
made it their top priority to hide the effects of inflation from the citizenry at all costs.
To mask inflation is nearly impossible, especially where commodities and base goods are concerned. That’s why our govern-
ment and private central bank calculate the Consumer Price Index (CPI) without counting food or energy. Most grains and crude
oil have doubled in price over the past year alone, and this does not reflect well on the safety of the dollar, or the effectiveness of
liquidity measures by the Fed. China, whose inflation is but a prequel to our own, is also distancing food and energy price surges
from its CPI numbers, giving the false impression of leveling markets:
http://www.zerohedge.com/article/china-lowers-weighting-surging-food-prices-cpi
Corporate retail chains have a tendency to absorb rising prices of base goods to avoid alienating their customer foundation, hop-
ing that the increases are temporary. When retailers realize that prices are not going to drop back down, they eventually relent,
and shelf costs skyrocket. The bottom line is clear; overall worldwide food averages were up over 28% in 2010:
http://www.fao.org/worldfoodsituation/FoodPricesIndex/en/
Crude oil prices continue to hover near the $90 mark even though inventories are at a 20 year high:
http://www.zerohedge.com/article/gasoline-inventories-jump-20-year-high-gas-price-surges
The World Bank is now warning of possible disasters (which they helped create) in the wake of “dangerous price levels”:
http://www.reuters.com/article/2011/02/15/us-worldbank-food-idUSTRE71E5H720110215
Our government’s response? Complete denial that there is any significant threat of inflation. Denial that overprinting of the dol-
lar and its subsequent devaluation has anything to do with rising prices. Scapegoating everything from weather, to speculators,
to the fake “recovery” itself for price spikes. The longer they keep the terminology of inflation out of the mainstream, the less
Americans are likely to prepare for an onslaught of the dollar.
Create Debt To Pay Off Debt: This is pretty self explanatory. If foreign investors want nothing to do with you, your explosive
national debt, or your depreciating currency, where is your government going to get the money to continue spending like a
drunken trophy wife at Macy’s? If you default, the jig is up, and no one will buy your recovery yarns. Instead, print even more
fiat and use it to purchase your own Treasury bonds! This serves two purposes; first, it props up the federal bureaucracy which
gives the impression of stability (at least for a time), and, it furthers your goal of squeezing the dollar like a grape.
Remove All Checks And Balances: If you plan on decimating an economy, you can’t very well have people pointing fingers at
you while you do it. That would be inconvenient. It’s funny, but for years, ratings agencies like Moodys helped global banks fa-
cilitate the mortgage and derivatives crisis by categorizing worthless assets as AAA securities. Without them, no one would have
invested in such garbage in the first place, and the banking fraud would have been immediately exposed. Now that ratings agen-
cies are finally doing their job and downgrading the creditworthiness of banks and countries that possess extreme liabilities, the
SEC is moving to marginalize them:
http://www.reuters.com/article/2011/02/09/us-financial-regulation-creditraters-idUSTRE7180OD20110209
Interesting that as the U.S. nears a possible credit downgrade, we suddenly no longer care what ratings agencies have to say.
The SEC in itself is one enormous joke, and in no way a practical overseer of banking activity. The organization has shown itself
to be either fantastically incompetent, or deliberately indifferent to ongoing financial fraud. I never thought I would find myself
agreeing with a cretin like Bernie Madoff, but according to the middle-weight Ponzi artist, global banks he dealt with, like JP
Morgan and HSBC, had to be perfectly aware of the scam he was undertaking, otherwise, it could not have been possible:
http://www.reuters.com/article/2011/02/16/us-madoff-interview-idUSTRE71F0QD20110216
Likewise, the SEC’s complete lack of proper investigation into such activities turned Wall Street into a globalist playground
where much bigger conmen than Madoff have nested and bred like fleas. It’s not that the system needs more regulation, or more
legal wrangling; this would accomplish nothing, because the system is regulated by the criminals! Therefore, new laws can be
enacted in concert, and the government can deem the system reformed and recovered, all while the underlying corruption re-
mains untouched. If the poison that instigated the fall of the markets is not uprooted, treachery will continue to reign supreme,
and healthy markets a childish illusion.
The Creeping Terror
Two years ago I was in my local Borders bookstore and noticed that they had downsized their stock selection by what looked to
be nearly a third. I made a point to ask if this was a chain wide phenomenon. Most employees I talked with said yes. I then
asked if they had begun cutting employee hours by significant margins and specifically laying off longtime workers that had
built up substantial pay increases. Again, the consensus was yes. Finally, and most importantly, did Borders discuss these
changes with their staff in a manner that was informative and open, or, was there a lot of confusion amongst employees as to
what exactly was going on? The response was that they were overwhelmingly bewildered by Borders’ lack of clear communica-
tion as to the direction of the corporation.
My suggestion to them was to start looking for another job, because their company was about to declare bankruptcy. They, of
course, denied this was remotely likely:
http://online.wsj.com/article/SB10001424052748704329104576138353865644420.html
It may sound like a stretch, but the reason I bring up Borders’ impending chapter 11 is because, to me, it represents a microcosm
of the creeping nature of economic collapse, especially when that collapse is being wielded and delegated.
Borders has been on the verge of default for quite a while. Did they refuse to relay this information openly to their employees
because they selfishly wanted to maintain profit margins just a little longer until they were ready to pull the plug? Of course! Do
global bankers with aspirations of a centralized currency keep the true destabilization of the market spectrum and the coming in-
ternational dollar dump to themselves because in the end they will benefit from our shock and awe? Of course!
Whether a person loses everything all at once, or a piece at a time, the end result is the same, however, there is something espe-
cially cruel in the idea of fiscal theater; the act of inspiring false hope that a financial environment is sound when it has, in truth,
already suffocated. Why would our modern day robber barons put so much energy into constructing a fake recovery? There are
many reasons, but first and foremost, to create apathy. To lure us towards inaction. To swindle us into assuming the storm will
blow over, and all will return as it was. Unfortunately, recovery without intense restructuring of our economic system is impossi-
ble. The fundamentals do not support the suggestion in the slightest. The question is, who will be at the helm when the dust set-
tles and this restructuring does eventually occur? Will the American people take the lead, as they should, and commit to a con-
crete free market rejuvenation of our financial environment? Or, will we sit back yet again, and let the banksters set us up for the
next grand disaster?
You can contact Giordano Bruno at: giordano@neithercorp.us