Job Numbers Cooked to Keep Quantitative Easing Scam Rolling!
- Job Numbers Cooked to Keep Quantitative Easing Scam Rolling!
by Kurt Nimmo, www.Infowars.com
On Friday, the establishment media hinted the Federal Reserve was about put the brakes on its bankster monetization program, otherwise known as helicopter quantitative easing, in response to what was touted as a significant reduction in unemployment. The privately owned cartel masquerading as a federal agency claims quantitative easing — purchasing between $85 billion to $65 billion a month in Treasury bonds — will “stimulate” the economy and somehow bring back millions of jobs outsourced to slave labor gulags in China and Asia.
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Instead, QE is another scam designed to establish “the greatest backdoor Wall Street bailout of all time,” according to a former Wall Street employee, Andrew Huszar. “Having racked up hundreds of billions of dollars in opaque Fed subsidies, U.S. banks have seen their collective stock price triple since March 2009. The biggest ones have only become more of a cartel: 0.2% of them now control more than 70% of the U.S. bank assets,” Huszar wrote for the Wall Street Journal in November.
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Taper talk is now making the rounds. “Investors say the upbeat jobs report puts the Federal Reserve one step closer toward dialing back its $85 billion-a-month bond-buying program,” the Journal reported on Friday.
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It looks like the latest job report is another snow job, however, same as the one rolled out last October. “The October 2012 pre-election Non-Farm Jobs Report was falsified,” writes Jim Willie. “Nothing new in following orders from the camp commandants in officialdom. The reduced jobless rate from 8.1% to 7.8% permitted the occupant of the White House to report the success of the economic recovery.”
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On Saturday, John Crudele, writing for the New York Post, said the latest pie-in-the-sky employment data was probably cooked up by the Census Bureau, which collects data on the unemployment rate for the Labor Department. He cites an even earlier instance of cooked books, back in 2010.
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