25 November 2002 -- Maguire
A reader who just wrote to FAEM (see A Ventilation in the Letters folder) agreed with what all three of us have been continually stating at various times.  Namely, the 'economy' is in a real long term decline and has been for a long time.   I think subsequent generations historically will mark the end of the Apollo moon program as the 'Crossover' marking peak and subsequent decline of the USA as a civilization.

This fact is concealed by a variety of reporting devices and tricks.  The sum total of these lead the unalert into the comparison of apples and oranges.  After making these false comparisons our Judeo neo-conned Republicans conclude that Jewish economics are progressively leading them forward into the Millennium.

Here are some of the leading factors leading to the vanishing but still widespread false image:

1.  A controlled media.  For a long time now what passes for economic reporting and analysis has increasingly resembled Soviet economic statistics.  Stories not fitting the need, such as the disappearance of grain reserves, are simply not reported widely.  I said, almost two years ago during the California energy crisis, that there would be a wave of 'surprise' collapses as we subsequently saw with Enron, Worldcom, Global Crossing and many others.  In plainer words, 'They' were lying to you (and still are).  Who 'They' are is often subject to intense debate.  FAEM typically includes racial factors among its assessment of 'They'.

2.  Economic 'measurement' of previously uncounted or illegal activities.  This has been a key method of perpetuating the illusion of endless 'growth'.

Sex.  Quite a bit of what's reported today as "Gross Domestic Product" was listed in the Police Report section of the newspaper in bygone eras.  This includes pornography, 'escort services' that accept Visa, Mastercard and Discover, 'massage parlors' and strip clubs.  The idea that a whorehouse society is a post-industrial substitute for real industries is an illusion.

Gambling.  Here's another formerly and largely illegal activity that is now reported by the Department of Commerce as 'economic growth' and listed on the the New York Stock Exchange.  Over 22 states have legalized casinos, not counting Indian reservations in non-spinning states.  Then there's the lottery and pari-mutuel gambling on horses and dogs.    This 'industry' depends for profit solely on people's incorrect understanding of statistics.  The 'profit' is generated by divesting tens of thousands of trade-level competent personnel to shuffling cards and tossing dice.  None of this adds to available goods and services that can either sustain or enhance the life, such as the life of the next generation.

Economic Speculation.  This is gambling that is based upon economic activity, rather than the speed of a particular horse or dog down at the track.  The velocity of turnover of shares and derivative 'securities' continues to hit new highs.  That is, holding periods are progressively shorter and shorter.  This activity of itself also adds nothing although the repetitively counted gross numbers work their way into the GDP down the line.  Recycling the ownership of an apple 28 times a day does not of itself increase the available number of apples.

Old age care.  Previously a responsibility of the larger family, this also has been largely offloaded onto government budgets, private insurance plans and nursing homes.  This is all duly reported as 'economic activity'.

Uncounted inflation.  The Department of Commerce, the Department of Labor and Uncle Al over at the Fed are notorious for both excluding some economic measurements and inverting others.  It remains a mystery to me why anyone regards a doubling in housing prices, combined with a decline in quality and durability of materials, as 'growth'.  I agree it's good news for the mortgage shylocks.   How this benefits the average white family escapes me.

The 'Security' Industry.  We speak here of the vast private armies of security guards, alarm systems and other technologies used to defend against larger and larger numbers of criminally minded individuals.  These persons' growth rate far exceeds the growth rate of the general population.  In former eras 'military' or 'security' spending was considered to detract from the total of capital and consumer goods available.   At the current time this is not happening because all of this social war spending is being quantified with the remaining productive industries in the 'private' sector.  The real decrease in quality of life resulting from this shift in resources is real, if unquantified.

"Law" and other illusory therapies.  Another huge share of resources are consumed by the operators of the legal system, plus megatons of 'therapists' specializing in 'therapies' of dubious or non-existent scientific basis.

Child Care.  Concentration camps for young white children has been another strong growth industry of recent decades.  These are typically called "day care centers" and duly add their "output" to the increasingly Gross ZOG National Product.

Many other examples could be adduced but the above are sufficient.

It's a lot later than many of you think.