The Golden Truth: The Government's New Home Sales Report Was A Total Fraud

Monday, December 30, 2013

The Government's New Home Sales Report Was A Total Fraud - Here's Why

Last week the Government's Census Bureau issued its monthly new home sales report for November. Not only is the Government asking us to believe that the number of new homes sold in November - historically one of the slowest months of the year for home sales - exceeded the new homes sold in June, which is the highest month for sales, but it put in enormous upward revisions to the numbers originally reported for September and October. Hmmm...

I wrote an article which runs through why it's not possible that the Government's numbers are even remotely close to being credible. The two primary reasons are that mortgage applications and existing home sales tanked hard during the period in which the Government is now asking us to believe that new homes sales were at their highest of the year. Here's the full analysis: More Government Data-reporting Fraud

It's beginning to smell a lot like Orwell's Ministry of Truth in "Animal Farm," isn't it?

9 comments:

Michael JacksonMonday, 30 December, 2013
Everything comes into play here. Salvation Army stores here have not met their quotas per month for several months and it's throughout the whole area. They are only making half of what they made last year and it's because people are holding onto their money with tight fists closed. We're talking about the poor middle underclass. Is this due to welfare and food stamps cuts? maybe. Or it may be that the economy is stinking and it is being felt across all spectrums except for the rich or those who can steal get cheap credit. If a lot of this hyper-manipulation is based on any kind of credit, it will be murderous when it pops. Are student loans still getting rolled into other financial instruments (like housing was)? Just wondering.....

We must be careful not to get irk when MSNBC or the rest of society are singing, "Happy days are here AGAIN!!!" The common people on the streets don't feel that way as they are the first to feel any pain (the low-income working class). We know its gonna blow; we just hope it doesn't blow our way. I think whatever triggers this next one will come from an unexpected sector. I remember reading about the TARP bailout some years ago and it was said that a hedge fund - either tied to Bear Stearns or Goldman Sachs - that investors were abandoning very fast that triggered the financial crisis of 2008 (it was a 5-page story in the fresno bee web site where they interviewed Neel Kashkari, who Paulson elected to supervised the TARP. I can't find the article but it was a great read into some of the stuff that was happening at that time in Washington DC.).

The roof is leaking, then the walls, then there's a inch of water on the floor....everybody is OK with it till they see a high-voltage wire come down from the ceiling and their foot is stuck in the floor because it just went through it due to it's rotting away. nice picture we're all painted into, eh?
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AnonymousMonday, 30 December, 2013
Watching this entire economy unravel is like Chinese water torture. I believe that the entire western world is going to implode. When you look at what is happening in Greece, Portugal, Italy, France. Also flash back to 1997 when Asia had their melt down. It started with the Thai Baht and then escalated into So. Korea then Japan. Looks like Thailand is having trouble propping up the Baht again. Could this be a black swan that no one recognizes ? There is gasoline all over the floor and are leaders are lighting cigars.
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AnonymousMonday, 30 December, 2013
Ministry of Truth - Orwell's 1984.....and yes it is.
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AnonymousMonday, 30 December, 2013
China has local government debts of 17.7 trillion yuan ($2.9tn), up 70% from three years ago, according to an official report. China's government asked the National Audit Office (NAO) in July to do a round-up of the debts outstanding at a local level.

The report showed some local governments were using new loans to repay more than a fifth of their debt. China has a total government debt of about 58% of its economic output.

Persistent fears over the level of non-performing bad debt have affected perceptions of the world's second-largest economy, as some worry whether the loans can be paid back.

http://www.bbc.co.uk/news/business-25553058
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AnonymousMonday, 30 December, 2013
Ole Joe Goebbels is loving this shit from what ever hell he resides in. Tell a big lie and keep loudly repeating it until its believed. Was Orwell a visionary or really good at studying history? When this farce finally blows its going to be epic!
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AnonymousMonday, 30 December, 2013
The magic of seasonal and other types of adjustments is being taken to extremes.

Raw data is better when adjustments become so ridiculous so as to support an agenda.
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AnonymousTuesday, 31 December, 2013
Dave, have you read this article? The article says that your statement on SilverDoctors was wrong.
http://www.ingoldwetrust.ch/sge-delivery-16-20-december-55-tons-2128-tons-ytd
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BrianTuesday, 31 December, 2013
They are claiming the rise in housing sales is due to cash sales. It might be.
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Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.