THE FRAUD & THEFT WILL CONTINUE UNTIL MORALE IMPROVES

The BEA reported the latest figures for personal income, personal consumption expenditures and the savings rate last week. The government mouthpieces in the mainstream media obediently reported that personal income and expenditures reached an all-time high in March. The chart below shows the ever increasing level of expenditures by consumers since this supposed economic recovery began in the 4th quarter of 2009. All good Keynesian economists know that consumer spending is always good for America, no matter how it is achieved. We must be in a recovery if income and spending are reaching new highs, right? That is the fraudulent storyline being propagandized to the non-questioning lapdog public. A false storyline and data that has been massaged harder than a Secret Service agent by a Columbian hooker will not lead to a happy ending. Some critical thinking, a calculator, and some common sense reveal the depth of the fraud and expose the theft being committed by the avaricious governing elite at the expense of the prudent working middle class.

Digging into the data on the BEA website to arrive at my own conclusions, not those spoon fed to a willfully ignorant public by CNBC and the rest of the fawning Wall Street worshipping corporate media, is quite revealing. It divulges the extent to which Ben Bernanke and the politicians in Washington DC have gone to paint the U.S. economy with the appearance of recovery while wrecking the lives of senior citizens and judicious savers. Only a banker would bask in the glory of absconding with hundreds of billions from senior citizen savers and handing it over to criminal bankers. Only a government bureaucrat would classify trillions in entitlement transfers siphoned from the paychecks of the 58.4% of working age Americans with a job or borrowed from foreigner countries as personal income to the non-producing recipients. How can taking money from one person or borrowing it from future generations and dispensing it to another person be considered personal income? Only in the Delusional States of America.

If you really want to understand what has happened in this country over the last forty years, you need to analyze the data across the decades. This uncovers the trends over time that has led us to this sorry state of affairs. The chart below details the major components of personal income over time as a percentage of total personal income. It tells the story of a nation in decline and on an unsustainable path that will ultimately result in a monetary collapse.

               
 

1970

1980

1990

2000

Apr-08

2010

Mar-12

Total Personal Income

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

Wages & Salaries

66.1%

60.2%

56.7%

56.2%

52.7%

51.9%

51.8%

Interest Income

8.3%

12.1%

15.5%

11.6%

11.2%

8.2%

7.4%

Dividend Income

2.9%

2.9%

3.5%

4.5%

6.5%

5.8%

6.2%

Government transfers

8.5%

11.3%

11.7%

12.2%

14.3%

17.9%

17.3%

It is always fascinating to compare data from 1970, prior to Nixon closing the gold window and allowing bankers and politicians to print and spend to their hearts delight, to present day. The chart above paints a picture of a nation of workers and savers descending into a nation of parasites and spenders. Any rational person knows that income comes from one of two methods: working or investing. A country can only grow by working, saving, investing and living within its means. Money taken from workers and investors and transferred to the non-working and spenders is NOT INCOME. It is just redistribution from producers to non-producers. The key takeaways from the chart are:

  • Working at a job generated two-thirds of personal income in 1970 and barely half today. This explains why only half of Americans pay Federal taxes.
  • One might wonder how we could be in the third year of a supposed economic recovery and wages and salaries as a percentage of total personal income is lower than pre-crisis and still falling.
  • Government transfers have doubled as a proportion of “income” in the last forty years. The increase since 2000 has been accelerating, up 122% in 12 years versus the 55% increase in GDP. The slight drop since 2010 is the result of millions falling off the 99 week unemployment rolls.
  • Luckily it is increasingly easy to leave unemployment and go on the dole for life. The number of people being added to the SSDI program has surged by 2.2 million since mid-2010, an 8.5% increase to 28.2 million people. Applications are swelling with disabilities like muscle pain, obesity, migraine headaches, mental illness (43% of all claims) and depression. Our leaders have set such a good example of how to commit fraud on such a grand scale that everyone wants to get a piece of the action. It’s like hitting the jackpot, as 99% of those accepted into the SSDI program (costing $132 billion per year) never go back to work. I’ve got a nasty hangnail. I wonder if I qualify. I’d love to get one of those convenient handicapped parking spaces. Once I get into the SSDI program I would automatically qualify for food stamps, a “free” government iPhone, “free” government cable and a 7 year 0% Ally Financial (85% owned by Timmy Geithner) auto loan for a new Cadillac Escalade. The SSDI program is now projected to go broke in 2016. I wonder why?

  • A nation that rewarded and encouraged savings in 1970 degenerated into a country that penalizes savers and encourages consumption. The government, mainstream media, and NYT liberal award winning Ivy League economists encourage borrowing and spending as the way to build a strong nation. Americans have been convinced that borrowing to appear successful is the same as saving and investing to actually achieve economic success.
  • Americans saved 7% to 12% of their income from 1960 through 1980. As Wall Street convinced delusional Boomers that stock and house appreciation would fund their luxurious retirements, savings plunged to below 0% in 2005. Why save when your house doubled in price every three years? Americans rationally began to save again in 2009 but Bernanke’s zero interest rate policy put an end to that silliness. Why save when you are being paid .15%? Buying Apple stock at $560 (can’t miss) and getting in on the Facebook IPO (PE ratio of 99) is a much better bet. The national savings rate of 3.8% is back to early 2008 levels. I wonder what happens next?

  • The proportional distribution between interest and dividends which had been in the 3 to 4 range for decades is now virtually 1 to 1, as Ben Bernanke has devastated the lives of millions of poor senior citizen savers while continuing to subsidize his wealthy stock investors buddies on Wall Street.

Now for the bad news. The Baby Boom generation has just begun to retire en masse. Government transfers will automatically accelerate over the next decade as Social Security and Medicare transfer payments balloon. Government transfer payments have already increased by 3,250% since 1970, while wages and salaries have increased by 1,250%. The non-existent inflation touted by Ben Bernanke accounts for 590% of this increase. We have passed a point of no return. As the number of Americans receiving a government EBT into their bank account grows by the day and the number of working Americans remains stagnant, the chances of a politician showing the courage to address our un-payable entitlement liabilities is near zero. Americans choose to deal with problems in a reactive manner rather than a proactive manner. Until the next inescapable crisis, the fraud and looting will continue until morale improves.

Billions of $

1970

1980

1990

2000

Apr-08

2010

Mar-12

Total Personal Income

$835

$2,257

$4,852

$8,548

$12,457

$12,361

$13,328

Wages & Salaries

$552

$1,358

$2,750

$4,800

$6,565

$6,413

$6,905

Interest Income

$69

$272

$753

$989

$1,397

$1,012

$984

Dividend Income

$24

$65

$169

$381

$810

$723

$821

Government transfers

$71

$256

$570

$1,041

$1,786

$2,217

$2,312

 

A Few Evil Men

“Every effort has been made by the Federal Reserve Board to conceal its powers, but the truth is the FED has usurped the government. It controls everything here (in Congress) and controls all our foreign relations. It makes and breaks governments at will… When the FED was passed, the people of the United States did not perceive that a world system was being set up here… A super-state controlled by international bankers, and international industrialists acting together to enslave the world for their own pleasure!” – Rep. Louis T. McFadden

The largest fraud and theft being committed in this country is being perpetrated by the Central Bank of the United States; its Wall Street owners; and the politicians beholden to these evil men. The fraud and theft is being committed through the insidious use of inflation and manipulation of interest rates. The biggest shame of our government run public education system is their inability or unwillingness to teach even the most basic of financial concepts to our children. It’s almost as if they don’t want the average person to understand the truth about inflation and how it has slowly and silently destroyed their livelihood while enriching the few who create it. Converting the chart above into inflation adjusted figures reveals a different picture than the one sold to the general public on a daily basis. Even using the government manipulated CPI figures from the BLS, the ravages of inflation are easy to recognize.

Billions of Real $

1970

1980

1990

2000

Apr-08

2010

Mar-12

Total Personal Income

$4,937

$6,261

$8,569

$11,374

$13,304

$13,007

$13,328

Wages & Salaries

$3,264

$3,767

$4,856

$6,387

$7,011

$6,748

$6,905

Interest Income

$408

$754

$1,330

$1,316

$1,492

$1,065

$984

Dividend Income

$142

$180

$298

$507

$865

$761

$821

Government transfers

$420

$710

$1,007

$1,385

$1,907

$2,333

$2,312

CPI

38.8

82.7

129.9

172.4

214.8

218

229.4

Total wages and salaries have risen by only 112% on an inflation adjusted basis over the last 42 years. This is with U.S. population growth from 203 million in 1970 to 313 million people today, a 54% increase. On a real per capita basis, wages and salaries rose from $16,079 in 1970 to $22,060 today, a mere 37% increase in 42 years. That is horrific and some perspective will reveal how bad it really is:

  • The average new home price in 1970 was $26,600. The average new home price today is $291,200. On an inflation adjusted basis, home prices have risen 85%.
  • The average cost of a new car in 1970 was $3,900. The average price of a new car today is $30,748. On an inflation adjusted basis, car prices have risen 33%.
  • A gallon of gasoline cost 36 cents in 1970. A gallon of gas today costs $3.85. On an inflation adjusted basis, gas prices have risen 81%.
  • The average price of a loaf of bread in 1970 was 25 cents. The average price of a loaf of bread today is $2.60. On an inflation adjusted basis, a loaf of bread has risen 76%.

In most cases, the cost of things we need to live have risen at twice the rate of our income. This data is bad enough on its own, but it is actually far worse. The governing elite, led by Alan Greenspan, realized that accurately reporting inflation would reveal their scheme, so they have been committing fraud since the early 1980s by systematically under-reporting CPI as revealed by John Williams at www.shadowstats.com:

The truth is that real inflation has been running 5% higher than government reported propaganda over the last twenty years. This explains why families were forced to have both parents enter the workforce just to make ends meet, with the expected negative societal consequences clear to anyone with two eyes. The Federal Reserve created inflation also explains why Americans have increased their debt from $124 billion in 1970 to $2.522 trillion today, a 2000% increase. Wages and salaries only rose 1,250% over this same time frame. Living above your means for decades has implications.

The country, its leaders, its banks and the American people should have come to their senses after the 2008-2009 melt-down. Politicians should have used the crisis to address our oncoming long-term fiscal train wreck, the recklessly guilty Wall Street banks should have been liquidated and their shareholders and bondholders wiped out, the bad debt rampant throughout the financial system should have been purged, and American consumers should have reduced their debt induced consumption while saving for an uncertain cloudy future. These actions would have been painful and would have induced a violent agonizing recession. It would be over now. We would be in the midst of a solid economic recovery built upon reality. Iceland told bankers to screw themselves in 2008. They accepted the consequences of their actions and experienced a brutal two year recession.

The debt was purged, banks forced to accept their losses, and the citizens learned a hard lesson. Amazingly, their economy is now growing strongly. This is the lesson. Wall Street is not Main Street. Saving Wall Street banks and wealthy investors did not save the economy. Stealing savings from little old ladies and funneling it to psychopathic bankers is not the way to save our economic system. It’s the way to save bankers who made world destroying bets while committing fraud on an epic scale, and lost.

Despite the assertion by the good doctor Krugman that there are very few Americans living on a fixed income being impacted by Bernanke’s zero interest rate policy, there are actually 40 million people over the age of 65 in this country that might disagree. There are another 60 million people between the ages of 50 and 64 years old rapidly approaching retirement age. We know 36 million people are receiving SS retirement benefits today. We know that 49 million people are already living below the poverty line, with 16% of those over 65 years old living in poverty. Do 0% interest rates benefit these people? Those over 50 years old are most risk averse, and they should be. Despite the propaganda touted by Wall Street shills and their CNBC mouthpieces, the fact is that the S&P 500 on an inflation adjusted basis is at the same level it was in 1996. Stock investors have gotten a 0% return for the last 16 years. The market is currently priced to deliver inflation adjusted returns of 2% over the next ten years, with the high likelihood of a large drop within the next year.

Ben Bernanke’s plan, fully supported by Tim Geithner, Barack Obama and virtually all corrupt politicians in Washington DC, is to force senior citizens and prudent savers into the stock market by manipulating interest rates and offering them no return on their savings. A fixed income senior citizen living off their meager $15,000 per year of Social Security and the $100,000 they’ve saved over their lifetimes was able to earn a risk free 5% in a money market fund in 2007, generating $5,000 or 25% of their annual living income. Today Ben is allowing them to earn $150 per year. From the BEA info in the chart above you can see that Ben’s ZIRP has stolen $400 billion of interest income from senior citizens and prudent savers and dropped it from helicopters on Wall Street. This might explain why old geezers are pouring back into the workforce at a record pace. Maybe Dr. Krugman has an alternative theory.

Another doctor, with a penchant for telling the truth, described in no uncertain terms the depth of the fraud and theft being perpetrated on the American people (aka Muppets) by Ben Bernanke, the Federal Reserve, their masters on Wall Street, and the puppets in Washington DC:

“We are not doing very well. The economy is just coming along at a snail’s pace. The first quarter numbers that we just got last week were not very good at all. The GDP number was 2.2%. That was a disappointment, but you know, it was all automobiles. 1.6 out of the 2.2 was motor vehicle production. So, people were catching up after not being able to buy them the year before. So, this is a very weak economy… I think the real danger is that this is a bubble in the stock market created by low long-term interest rates that the Fed has engineered. The danger is, like all bubbles, it bursts at some point. Remember, Ben Bernanke told us in the summer of 2010 that he was going to do QE2 and then ultimately they did Operation Twist. The purpose of that was to make long-term bonds less attractive so that investors would buy into the stock market. That would raise wealth and higher wealth would lead to more consumption. It helped in the fourth quarter of 2010 and maybe that is what is helping to drive consumption during the first quarter of this year. But the danger is you get a market that is not with the reality of what is happening in the economy, which is, as I said a moment ago, is really not very good at all.” – Martin Feldstein

The entire bogus recovery is again being driven by subprime auto loans being doled out by Ally Financial (85% owned by the U.S. government) and the other criminal Wall Street banks. The Federal Reserve and our government leaders will continue to steer the country on the same course of encouraging rampant speculation, deterring savings and investment, rewarding outrageous criminal behavior, purposefully generating inflation, and lying to the average American. It will work until we reach a tipping point. Dr. Krugman thinks another $4 trillion of debt and a debt to GDP ratio of 130% should get our economy back on track. When this charade is revealed to be the greatest fraud and theft in the history of mankind, Ben and Paul better have a backup plan, because there are going to be a few angry men looking for them.

Henry Ford knew what would happen if the people ever became educated about the true nature of the Federal Reserve:

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

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  • Bev

    Another theft to be understood (links work at site) and I am having difficulty posting this at Naked Capitalism:

    About articles that say Walker will win:

    In Scott Walker Recall Race, Organized Labor’s Pick Falls Short

    and

    http://www.dailykos.com/story/2012/05/02/1088229/-With-one-month-to-go-Wisconsin-gubernatorial-recall-is-still-a-tossup

    With one month to go, Wisconsin gubernatorial recall is still a tossup

    by David Jarman

    see comments at:

    http://markcrispinmiller.com/2012/05/with-walker-up-by-just-1-point-in-latest-wi-poll-hell-likely-win-by-2-or-3-or-even-more/

    With Walker “up” by just 1 point in latest WI poll, he’ll likely “win” by 2 or 3 or even more

    And then what will WI Dems do? Anything?

    MCM

    from Comments on above article by Richard Charnin
    whose site is http://richardcharnin.com/

    May 3, 2012 at 2:55 pm
    Richard Charnin says:

    True Vote Model Analysis

    Barret should win easily – assuming ZERO fraud.

    https://docs.google.com/spreadsheet/ccc?key=0AjAk1JUWDMyRdDRwcWRPTUZoZk53YUlxOEVMT0FnX3c#gid=23

    These are CONSERVATIVE assumptions (favoring Walker):

    1- Obama won WI in 2008 with 60% (he had 56.2% recorded and 63.2% exit poll)

    2- Returning Voter Turnout: (net 5% to Walker)
    Obama voters : 65%
    McCain voters: 70%

    3- Voter Defection (net 5% to Walker)
    Obama: 90% of returning Obama voters
    Obama 5% of returning McCain voters

    Barrett still wins 54.6-45.4% (198,000 votes)
    Walker needs to steal 8.4% of Barrett’s votes..
    —————————————————————–
    Assume equal 70% turnout: :
    Barrett wins 56.2% (267,000 votes).
    Walker needs to steal 11% to win.

    Assume zero net defection::
    Barrett wins 59% (387,000 votes).
    Walker needs to steal 15% to win/.

    …….

    May 6, 2012 at 5:40 am
    Richard Charnin says:

    Typo correction:

    3- Voter Defection (net 5% to Walker)
    BARRETT wins 90% of returning Obama voters and 5% of returning McCain voters
    WALKER wins 10% of returning Obama voters and 95% of returning McCain voters

    …….

    May 6, 2012 at 5:43 am
    Richard Charnin says:

    Barrett Worst Case Scenarios
    (he still wins in a fair election)

    1. 65% turnout of Obama voters; 70% turnout of McCain voters
    Barrett: wins 0% of McCain voters and 85% of Obama voters
    Result: Barrett has 50.2% and wins by 9,000 votes

    2. 60% turnout of Obama voters; 75% turnout of McCain voters
    Barrett: wins 5% of McCain voters and 90% of Obama voters
    Result: Barrett has 51.8% and wins by 80,000 votes

    Implausible Scenarios required for Walker to win a fair election

    1. 2008 voter turnout in 2012: 55% Obama; 80% McCain
    Vote share: Barrett 90% of Obama voters; 5% of McCain voters
    Barrett has 49.1% and loses by 38,000.

    2. 2008 voter turnout in 2012: 65% Obama; 70% McCain
    Vote share: Barrett 80% of Obama voters; 5% of McCain voters
    Barrett has 49.4% and loses by 25,000.

    ……

    http://richardcharnin.com/

    Richard Charnin (Truth Is All)

    Election Fraud (1968-2012)
    Quantitative Analysis and True Vote Models

    True Vote Model Analysis: Wisconsin Gov. Walker Recall

    The 2012 Presidential True Vote and Election Fraud Simulation Model

    Note: See below for links to latest posts, models, statistical analysis, debunking of naysayer myths, election timeline, key articles and True Vote analysis tables

    Election forecasters, academics, political scientists and main stream media pundits never discuss or analyze the statistical evidence that proves election fraud is systemic – beyond a reasonable doubt. This site contains a compilation of presidential, congressional and senate election analyses based on pre-election polls, unadjusted exit polls and associated True Vote Models. Those who never discuss or analyze Election Fraud should focus on the factual statistical data and run the models. If anyone wants to refute the analytical evidence, they are encouraged to do so in a response. Election forecasters, academics and political scientists are welcome to peer review the content.

    The bedrock of the evidence derives from this undisputed fact: Final national and state exit polls are always forced to match the recorded vote – even if doing so requires an impossible turnout of prior election voters and implausible vote shares. All demographic categories are adjusted to conform to the recorded vote. To use these forced final exit polls as the basis for election research is unscientific and irresponsible. The research is based on the bogus premise that the recorded vote is sacrosanct and represents how people actually voted. Nothing can be further from the truth.

    It is often stated that exit polls were very accurate in elections prior to 2004, but have deviated sharply from the vote since. The statement is a misconception; it is based on a comparison of FINAL exit polls in elections prior to 2004 and PRELIMINARY exit polls since. It’s apples and oranges. But FINAL exit polls published in the media have always been FORCED to match the RECORDED vote. That’s why they APPEAR to have been accurate.

    The RECORDED vote has deviated sharply from the TRUE VOTE in EVERY election since 1968. Yes, it is true: UNADJUSTED exit polls have ALWAYS been accurate. They closely matched the True Vote in 2000, 2004, 2006, 2008 and 2010. FINAL exit polls have exactly matched the fraudulent RECORDED vote because they have been forced to do so.

    It is a documented fact that millions of votes are uncounted in every election. The Census Bureau indicates that since 1968, approximately 80 million more votes were cast than recorded. And these are just the uncounted votes. What about the votes switched on unverifiable voting machines and central tabulators? But vote miscounts are only part of the story. The True Vote analysis does not include the millions of potential voters who were illegally disenfranchised and never got to vote.

    My book, Proving Election Fraud: Phantom Voters, Uncounted Votes, and the National Exit Poll, is a detailed analysis which proves that the recorded vote is always different from the True Vote. Unlike the misinformation spread in the media, voting machine “glitches” are not due to machine failures. It’s the fault of the humans who program them.

    In the 1968-2008 Presidential elections, the Republicans won the recorded vote by a 49-45% margin. The Recursive National True Vote Model indicates that the Democrats actually won by 49-45%.

    In the 1988-2008 elections, the Democrats won the average of the unadjusted state exit polls 51.6-41.8%. The 3% exit poll margin of error was exceeded in 148 state elections, of which 138 shifted to the Republican. The proof is in the 1988-2008 Unadjusted State Exit Polls Statistical Reference.

    In 1988, Bush defeated Dukakis by 7 million recorded votes. But 11 million ballots uncounted. Approximately 75% of uncounted votes are Democratic. It was a very close election. Dukakis won the unadjusted exit polls in 24 battleground states by 51-47% . He won the unadjusted National Exit Poll by 50-49%. In 1992, the Collier brothers wrote “Votescam”, a classic expose which provided evidence that Bush Sr. stole the election by rigging the voting machines.

    In 1992, Clinton defeated Bush by 5.8 million recorded votes (43.0-37.5%), but once again, nearly 10 million were uncounted. In order to match the recorded vote, the National Exit Poll was forced to match the recorded vote with an impossible 119% turnout of living 1988 Bush voters in 1992. The unadjusted state exit polls had Clinton winning an 18 million vote landslide (48-32%). The True Vote Model indicates that Clinton won by 50-31% with 19% voting for third party candidate Ross Perot.

    In 2000, Al Gore won the unadjusted state exit polls (58,000 respondents) by 50.8-44.4%, a 6 million vote margin compared to the 540,000 recorded. There were nearly 6 million uncounted votes. But the Supreme Court awarded the election to Bush (271-267 EV) when they stopped the recount in Florida – where 185,000 ballots were uncounted. The following states flipped from Gore in the exit poll to Bush in the recorded vote: AL AR AZ CO FL GA MO NC TN TX VA. Gore would have won the election if he captured just one of the states. Democracy died in this election.

    In July 2004 I began posting weekly 2004 Election Model projections based on the state and national polls. The model was the first to use Monte Carlo Simulation and sensitivity analysis to calculate the probability of winning the electoral vote. The final projection had Kerry winning 337 electoral votes and 51.8% of the two-party vote, closely matching the unadjusted exit polls.

    The Final 2004 National Exit Poll was mathematically impossible since it indicated that there were 52.6 million returning Bush 2000 voters – but he had just 50.5 million recorded votes. Only 48 million were alive in 2004. Approximately 46 million voted, therefore the Final overstated the number of returning Bush voters by 6-7 million. The Final NEP implied that there was an impossible 110% turnout of living 2000 Bush voters in 2004. The post-election True Vote Model calculated a feasible turnout of living 2000 voters based on Census total votes cast (recorded plus net uncounted), a 1.25% annual mortality rate and 98% Gore/Bush voter turnout. It determined that Kerry won by 67-57 million and had 379 EV.

    But there was much further confirmation of a Kerry landslide. Consider Final NEP adjustments made to Bush’s approval rating and Party–ID crosstabs.

    Bush had a 48% national approval rating in the final 11 pre-election polls. But the Final NEP indicated that he had a 53% rating – even though he had just 50% in the unadjusted state exit poll weighted aggregate. Given the 3% differential between the Final NEP and state exit poll approval ratings, let’s deduct 3% from his 48% pre-election approval, giving him a 45% vote share. That is a virtual match to the True Vote Model (which Kerry won by 53.5-45.5%). The exit pollsters inflated Bush’s final pre-election 48% average rating by 5% in the Final NEP order to force a match to the recorded vote – and perpetuate the fraud. Kerry’s 51.7% unadjusted state exit poll aggregate understated his True Vote Model share. There was a near-perfect 0.99 correlation ratio between Bush‘s state approval and unadjusted exit poll share.

    The unadjusted state exit poll aggregate Democratic/Republican Party ID split was 38.8-35.1%. As they did in all demographic crosstabs, the pollsters had to force the Final National Exit Poll to match the recorded vote; they needed to specify a bogus 37-37% split. The correlation between state Republican Party ID and the Bush unadjusted shares was a near-perfect 0.93.

    This chart displays the state unadjusted Bush exit poll share, approval ratings and Party-ID.

    The Final 2006 National Exit Poll indicated that the Democrats had a 52-46% vote share. The Generic Poll Trend Forecasting Model projected that the Democrats would capture 56.43% of the vote. It was within 0.06% of the unadjusted exit poll.

    In the 2008 Primaries, Obama did significantly better than his recorded vote.

    The 2008 Election Model projection exactly matched Obama’s 365 electoral votes and was within 0.2% of his 52.9% share (a 9.5 million margin). But the model understated his True Vote. The forecast was based on final likely voter (LV) polls that had Obama leading by 7%. The registered voter (RV) polls had him up by 13% – before undecided voter allocation. The landslide was denied.

    The Final 2008 National Exit Poll was forced to match the recorded vote by indicating an impossible 103% turnout of living Bush 2004 voters and 12 million more returning Bush than Kerry voters. Given Kerry’s 5% unadjusted 2004 exit poll and 8% True Vote margin, one would expect 7 million more returning Kerry than Bush voters – a 19 million discrepancy from the Final 2008 NEP. Another anomaly: The Final 2008 NEP indicated there were 5 million returning third party voters – but only 1.2 million were recorded in 2004. Either the 2008 NEP or the 2004 recorded third-party vote share (or both) was wrong. The True Vote Model determined that Obama won by over 22 million votes with 420 EV. His 58% share was within 0.1% of the unadjusted state exit poll aggregate (83,000 respondents).

    In the 2010 Midterms, the statistical evidence indicates that many elections for House, Senate and Governor were stolen. The Wisconsin True Vote Model contains worksheets for Senate, Governor, Supreme Court and Recall elections. A serious analyst can run them and see why it is likely that they were stolen.

    2000-2012 Presidential Vote Survey

    2012: Obama May Win the True Vote and Still Lose the Election

    Fixing the Exit Polls to Match the Policy

    Avoiding the Election Fraud Factor: Forecasters. Political Scientists, Academics and the Media

    Footprints of Election Fraud: 1988-2008 State Exit Poll Discrepancies

    Monte Carlo Simulation: 2004 Presidential Pre-election and Exit Polls

    An Electoral Vote Forecast Formula: Simulation or Meta-analysis not required

    Can Current Technology Insure Fair Elections? (Steven Spoonamore video)

    Analytical Election Models/Databases (Google Doc spreadsheets)

    1988-2008 Unadjusted Presidential State Exit Poll Aggregate: A 52-42% Democratic Margin

    1988-2008 State and National Presidential True Vote Model

    2004-2008 County Presidential True Vote Model

    2000-2004 County Presidential True Vote Model

    1968-2008 Recursive National Presidential True Vote Model

    2000: Unadjusted Exit Polls indicate Gore won by 51-45% (5-7 million votes)

    2002 Senate Midterms Probability Analysis

    2004: True Vote Model Sensitivity Analysis indicates Kerry had 53.6%- a 10 million vote Landslide

    2008: Unadjusted exit polls and the True Vote Model indicate Obama had 58%- a 23 million vote margin

    2010 FL, OH, PA, WI, NJ Governor Elections: A True Vote Analysis

    2010 PA, WI, IL Senate Elections: A True Vote Analysis

    2010-2011 Wisconsin: Senate, Governor, Supreme Court and Recall Elections

    2011 Wisconsin Recalls: Exit Polls and the True Vote Model

    2011 Wisconsin Supreme Court: True Vote Analysis

    2012 Presidential True Vote Model Scenarios

    True Vote Model: Probability Sensitivity Analysis

    An Introduction to the True Vote Model

    Using the Online True Vote Model

    Statistical Analysis

    snip

    Debunking the Exit Poll Naysayers and Gatekeepers of the Left

    Response to the TruthIsAll FAQ (updated 4/9/12)

    Exit Poll Response Optimization: closing the book on the “reluctant Bush responder”

    The unadjusted 2004 National Exit Poll: closing the book on “False Recall”

    False Premise: closing the book on “Swing vs. Red-shift”

    Response to the TruthIsAll FAQ

    An Open Letter to Salon’s Farhad Manjoo

    An Open Letter to John Fund (WSJ): Election Fraud, not Voter Fraud

    An Open Letter to Mark Blumenthal at Pollster.com

    Debunking the Mystery Pollster’s Critique of the RFK Rolling Stone Article

    A Reply to Howard Stanislevic’s “Return to Innocence”

    Calling Out the New York Lever Voting Shills

    An Open Letter to Nate Silver

    An Open Letter to Nate Silver (Part 2)

    Twenty-five Questions for Nate Silver

    A Reply to Nate Silver’s “Ten Reasons Why You Should Ignore Exit Polls”

    Zogby vs. Silver: 1996-2008 True vs. Recorded Vote Pollster Rankings

    Deleted: A Comment on the Nate Silver / NY Times blog

    The Research 2000 Pile-on

    An Open Letter to Markos Moulitsas at Daily Kos

    2008 Tracking Poll Volatility Analysis: R2K vs. Gallup

    snip

    …..

    Truthseekers

    Stolen Election Videos

    Keith Olbermann on 2004 Voting Irregularities

    Bib Fitrakis: Missing Votes in Ohio 2006 Midterms

    Op Ed News interview: Bob Fitrakis on new evidence of the 2004 Ohio stolen election

    Free Press: New court filing reveals how the 2004 Ohio presidential election was hacked

    Michael Collins: The Urban Legend

    Sheila Parks: 2011 Wisconsin Uprising: The New Florida and Ohio?

    Jonathan Simon, Election Defense Alliance: Landslide Denied

    Michael Keefer: Footprints of Electoral Fraud

    Election Fraud in America

    Evidence of Fraud in the 2004 U.S. Presidential Election: A Reader

    The 2006 US Midterms: Another Stolen Election?

    The Strange Death of American Democracy: Endgame in Ohio

    Greg Palast: Kerry Won

    Recipe for a Cooked Election

    Thom Hartmann: Evidence Mounts that the Vote May Have Been Hacked

    Steven F. Freeman: The Unexplained Exit Poll Discrepancy

    Hypotheses for Explaining the 2004 Presidential Exit Poll Discrepancy

    Prof. John Allen Paulos: Final Tallies – Exit Polls: A Statistical Mystery

    Robert Koehler: Silent Scream of The Numbers

    Robert F. Kennedy Jr: Was the 2004 Election Stolen?

    Mark Crispin Miller: None Dare Call It Stolen

    Some Might Call it Treason – An Open Letter to Salon

    Jim Lampley: The Biggest Story of Our Lives;

    Apologies; Ostriches; Revisiting the Biggest Story

    Paul Lehto: Presidential Vote Recount Rigging in Ohio

    Evidence of Election Irregularities in Snohomish County, WA

    Ion Sancho, Leon Cty (FL) Supervisor of Elections: The Hursti Hack

    Lynn Landes: Voting Security

    Rebecca Mercuri, Ph.D.: Electronic Voting

    Victoria Collier: A Brief History of Computerized Election Fraud in America

    Diane Perlman: The Silence of the Scams: Psychological Resistance to Facing Election Fraud

    • Bev

      United We Count!

      ElectionDefenseAlliance.org
      http://electiondefensealliance.org/

      Dear Supporter of Honest Elections:

      We are happy to share our good news that Threshold Foundation has awarded a grant to Election Defense Alliance to cover part of the cost of the forensic work we hope to conduct in November. It is the SUSA method, with which we have had great success demonstrating in past elections a red-flag pattern of disparities nationwide.

      Your part is to help us come up with the rest of the needed funding! We are in need of an additional $25,000 just for this SUSA operation, and we have only two weeks more to secure it. These funds cover the services of the pollster, Survey USA. Our work–determining beforehand the appropriate sites for investigation, analyzing the data on election night, and then writing it up and “getting it out there”–will be, as in the past, pro bono.

      With the disappearance of the funds IHCenter was holding for us (and 200+ other non-profit organizations), built up and earmarked for this election, our election integrity work is especially in need of your support.

      There is a strong shared sense that this must be the election that breaks things open for all to see and puts an end to the Alice-In-Wonderland nightmare that American politics have become.

      With your help.

      As we have reported before, we have a new fiscal sponsor, so that contributions are still tax-deductible, and the funds now go directly and safely into our own EDA account.

      Contributions can be made by checks made out to

      Columbus Institute of Contemporary Journalism — EDA

      and mailed to Election Defense Alliance
      PO Box 3152
      Culver City, CA 90231-3152

      Thank you for as much support as you can give for SUSA and our related work. The more funds we have, the more definitive our results from SUSA can be.

      Please get back to us quickly. After you have mailed your check, please notify Jonathan directly so we can keep an up-to-date running total and know how much polling data we can purchase: verifiedvote2004@aol.com. Also feel free to call him if you have questions about the SUSA methodology: 617-538-6012.

      We hope it has been a good summer for you and that working together now we can help turn our electoral system around.

      Jonathan Simon, Executive Director

      Sally Castleman, National Chairperson

      Time is short – we have but 2 weeks to solidify our plan with SUSA.

      Please respond immediately.

  • The address of the Federal Reserve must be somewhere out on Highway 61 like the rest of them.

    • gozounlimited

      Enojyed That ! Immensely!

      (Highway 61 Revisited, emphasis added). Highway 61 is also a metaphor for a state of mind that enables unseemly behavior, the sort of state of mind that develops prior to a democracy descending into a plutocracy, where a plutonomy replaces an economy.

      So TRUE!

  • Bev

    another type of fraud and theft affecting our economics

    a shorter version

    about articles that say Walker will win:

    http://www.thedailybeast.com/articles/2012/05/06/in-scott-walker-recall-race-organized-labor-s-pick-falls-short.html

    In Scott Walker Recall Race, Organized Labor’s Pick Falls Short

    and

    http://www.dailykos.com/story/2012/05/02/1088229/-With-one-month-to-go-Wisconsin-gubernatorial-recall-is-still-a-tossup

    With one month to go, Wisconsin gubernatorial recall is still a tossup

    by David Jarman

    ……

    see comments at:

    http://markcrispinmiller.com/2012/05/with-walker-up-by-just-1-point-in-latest-wi-poll-hell-likely-win-by-2-or-3-or-even-more/

    With Walker “up” by just 1 point in latest WI poll, he’ll likely “win” by 2 or 3 or even more

    And then what will WI Dems do? Anything?

    MCM

    from Comments on above MCM article by Richard Charnin

    whose site is http://richardcharnin.com/

    May 3, 2012 at 2:55 pm
    Richard Charnin says:

    True Vote Model Analysis

    Barret should win easily – assuming ZERO fraud.

    https://docs.google.com/spreadsheet/ccc?key=0AjAk1JUWDMyRdDRwcWRPTUZoZk53YUlxOEVMT0FnX3c#gid=23

    These are CONSERVATIVE assumptions (favoring Walker):

    1- Obama won WI in 2008 with 60% (he had 56.2% recorded and 63.2% exit poll)

    2- Returning Voter Turnout: (net 5% to Walker)
    Obama voters : 65%
    McCain voters: 70%

    3- Voter Defection (net 5% to Walker)
    Obama: 90% of returning Obama voters
    Obama 5% of returning McCain voters

    Barrett still wins 54.6-45.4% (198,000 votes)
    Walker needs to steal 8.4% of Barrett’s votes..
    —————————————————————–
    Assume equal 70% turnout: :
    Barrett wins 56.2% (267,000 votes).
    Walker needs to steal 11% to win.

    Assume zero net defection::
    Barrett wins 59% (387,000 votes).
    Walker needs to steal 15% to win/.

    …….

    May 6, 2012 at 5:40 am
    Richard Charnin says:

    Typo correction:

    3- Voter Defection (net 5% to Walker)
    BARRETT wins 90% of returning Obama voters and 5% of returning McCain voters
    WALKER wins 10% of returning Obama voters and 95% of returning McCain voters

    …….

    May 6, 2012 at 5:43 am
    Richard Charnin says:

    Barrett Worst Case Scenarios
    (he still wins in a fair election)

    1. 65% turnout of Obama voters; 70% turnout of McCain voters
    Barrett: wins 0% of McCain voters and 85% of Obama voters
    Result: Barrett has 50.2% and wins by 9,000 votes

    2. 60% turnout of Obama voters; 75% turnout of McCain voters
    Barrett: wins 5% of McCain voters and 90% of Obama voters
    Result: Barrett has 51.8% and wins by 80,000 votes

    Implausible Scenarios required for Walker to win a fair election

    1. 2008 voter turnout in 2012: 55% Obama; 80% McCain
    Vote share: Barrett 90% of Obama voters; 5% of McCain voters
    Barrett has 49.1% and loses by 38,000.

    2. 2008 voter turnout in 2012: 65% Obama; 70% McCain
    Vote share: Barrett 80% of Obama voters; 5% of McCain voters
    Barrett has 49.4% and loses by 25,000.

    ……

    http://richardcharnin.com/

    Richard Charnin (Truth Is All)

    Election Fraud (1968-2012)
    Quantitative Analysis and True Vote Models

    True Vote Model Analysis: Wisconsin Gov. Walker Recall

    The 2012 Presidential True Vote and Election Fraud Simulation Model

    Note: See below for links to latest posts, models, statistical analysis, debunking of naysayer myths, election timeline, key articles and True Vote analysis tables

    Election forecasters, academics, political scientists and main stream media pundits never discuss or analyze the statistical evidence that proves election fraud is systemic – beyond a reasonable doubt. This site contains a compilation of presidential, congressional and senate election analyses based on pre-election polls, unadjusted exit polls and associated True Vote Models. Those who never discuss or analyze Election Fraud should focus on the factual statistical data and run the models. If anyone wants to refute the analytical evidence, they are encouraged to do so in a response. Election forecasters, academics and political scientists are welcome to peer review the content.

    The bedrock of the evidence derives from this undisputed fact: Final national and state exit polls are always forced to match the recorded vote – even if doing so requires an impossible turnout of prior election voters and implausible vote shares. All demographic categories are adjusted to conform to the recorded vote. To use these forced final exit polls as the basis for election research is unscientific and irresponsible. The research is based on the bogus premise that the recorded vote is sacrosanct and represents how people actually voted. Nothing can be further from the truth.

    …..

    He lists Gatekeepers and Truthseekers

    • gozounlimited

      What’s called buying an election ….. hold on while the money battles it out …..
      Examples:
      Romney Under Felony Investigation for Voter Fraud … – Daily Paul

      Waukesha County District Attorney Brad Schimel today opened an investigation into the “Subs-for-Votes” scandal. Yesterday while wrapping up his Wisconsin tour the Romney Campaign bought $500 worth of Cousin’s subs to encourage the crowd to hit the polls and vote for Romney. Unfortunately for Romney there are a few things that you can’t do on election day in Wisconsin, and Rep. Paul Ryan who was arm-in-arm with with Romney throughout the ordeal neglected to tell the presidential candidate that the distribution of goods on election day is illegal

      read more: http://www.dailypaul.com/227268/romney-under-felony-investigation-for-voter-fraud
      ************
      Ron Paul Openly Calls GOP Election Fraud

      The whole sorry criminal saga goes on and on and at last Ron Paul calls it for what it is

      see video: http://www.youtube.com/watch?v=X_LWRc5dRM8
      *************
      Proof That There Is Voter Fraud Being Perpetrated Against Ron Paul

      see video: http://www.federaljack.com/?p=174065

  • gozounlimited

    Radiohead – Optimistic (From The Basement) video: http://www.youtube.com/watch?v=UJfXlm4S7fo&feature=player_embedded

  • Carla

    It’s obvious that the debt money system put in place hundreds of years ago is unsustainable, as is continuous economic growth on a finite planet. But I am curious about your calling both investors and workers “producers.” What is it that investors produce?

  • According to 2011 census data, America has the worst wealth inequality among the industrialized world. Over 49 million Americans (16%) live below poverty line. Americans make a little over 4% of world population – but consumes over 40% of world’s resources. The US has world’s highest numbers of billionaires (450) and millionaires (320,000) – but 80% of them belongs to country’s 1% rich minority.

    Professor Joseph Eugene Stiglitz (Columbia University) wrote in EconomyWatch: “The rise in equality is a product of vicious spiral; the rich rent seeker use their wealth to shape legislation in order to protect and increase their wealth – and their influence. The US Supreme Court, in its notorious Citizens United decision, has given corporations free rein to use their money to influence the direction of politics”.

    http://rehmat1.com/2011/11/12/ows-%E2%80%98clash-of-financial-disparity%E2%80%99/?like=1

  • bevisafraud

    Ah, Bev Harris cleverly pollutes and deflects emotional reaction to powerful post. She (and the THEY she works for) can’t allow any focus on the Fed and the individuals running the swindle.

    • Bev

      Though I am a big fan of Bev Harris, this is not Bev Harris’s work, this is Richard Charnin’s work. I am not Bev Harris. There is more than one Bev in the world.

      And, in order to fix economic fraud so that everyone, no matter what political persuasion, can rebuild their communities, homes and nation, you have to fix election fraud to get leaders willing to help, such as with Greenbacks.

  • Gordan Finch

    Extremely good factual article, but you missed out who created the financial armageddon, (Zurich Financial Services. The parent company of AIG in the US and AIGFP in the UK. The insurer who were fined $billions, then could not pay out the Banks bad bets. Resulting in the US government taking control of the company, and then bailing out the Banks via AIG.

    ZFS should allways be under state control to stop the fraud continuing.

  • Bev

    Looks like a comment from me has disappeared, so to repeat at least a part of it:

    pdf of Gene Sharp’s online book: From Dictatorship to Democracy for over 200 nonviolent actions to construct positive change.
    http://www.aeinstein.org/wp-content/uploads/2013/09/FDTD.pdf

    From: statistician Richard Charnin http://richardcharnin.com/
    The True Vote Model had him (Gore) winning by 51.5-44.7%. But the Supreme Court awarded the election to Bush (271-267 EV). In Florida, 185,000 ballots were uncounted. The following states flipped from Gore in the exit poll to Bush in the recorded vote: AL AR AZ CO FL GA MO NC TN TX VA. Gore would have won the election if he captured just one of the states. Democracy died in this election. (note from me: Nader did not control e-voting, scanning, tabulating machines to flip those many states’ votes. Your whole premise is wrong allowing all this anti-democracy fraud to continue again)

    Richard Charnin (Truth Is All)
    Election Fraud (1968-2012) Quantitative Analysis and True Vote Models

    Historical Overview
    Links to posts, models, statistical analysis, exit poll timelines, articles and True Vote analysis tables follow this summary.

    I have written two books on election fraud which prove that the recorded vote is always different from the True Vote. Unlike the misinformation spread in the media, voting machine “glitches” are not due to machine failures. It’s the fault of the humans who program them.

    In the 1968-2012 Presidential elections, the Republicans won the average recorded vote by 48.7-45.8%. The 1968-2012 Recursive National True Vote Model indicates the Democrats won the True Vote by 49.6-45.0% – a 7.5% margin discrepancy.

    In the 1988-2008 elections, the Democrats won the unadjusted state exit poll aggregate by 52-42% – but won the recorded vote by just 48-46%, an 8% margin discrepancy. The state exit poll margin of error was exceeded in 126 of 274 state presidential elections from 1988-2008. The probability of the occurrence is ZERO. Only 14 (5%) would be expected to exceed the MoE at the 95% confidence level. Of the 126 which exceeded the MoE, 123 red-shifted to the Republican. The probability P of that anomaly is ABSOLUTE ZERO (5E-106). That is scientific notation for

    P= .000000000 000000000 000000000 000000000 000000000 000000000 000000000 000000000 000000000 000000000 000005.

    The proof is in the 1988-2008 Unadjusted State Exit Polls Statistical Reference. Not one political scientist, pollster, statistician, mathematician or media pundit has ever rebutted the data or the calculation itself. They have chosen not to discuss the topic. And who can blame them? Job security is everything.

    Election forecasters, academics, political scientists and main stream media pundits never discuss or analyze the statistical evidence that proves election fraud is systemic – beyond a reasonable doubt. This site contains a compilation of presidential, congressional and senate election analyses based on pre-election polls, unadjusted exit polls and associated True Vote Models.

    Those who never discuss or analyze Election Fraud should focus on the factual statistical data and run the models. If anyone wants to refute the analytical evidence, they are encouraged to do so in a response. Election forecasters, academics and political scientists are welcome to peer review the content.

    The bedrock of the evidence derives from this undisputed fact: Final national and state exit polls are always forced to match the recorded vote – even if doing so requires an impossible turnout of prior election voters and implausible vote shares. All demographic categories are adjusted to conform to the recorded vote. To use these forced final exit polls as the basis for election research is unscientific and irresponsible. The research is based on the bogus premise that the recorded vote is sacrosanct and represents how people actually voted. Nothing can be further from the truth.

    It is often stated that exit polls were very accurate in elections prior to 2004 but have deviated sharply from the recorded vote since. That is a misconception. The UNADJUSTED exit polls have ALWAYS been accurate and closely matched the True Vote in 1988-2008. A comparison of ADJUSTED, PUBLISHED exit polls in elections prior to 2004 and PRELIMINARY exit polls since then is like comparing apples to oranges. The adjusted, published exit polls have always exactly matched the fraudulent RECORDED vote because they have been forced to do so. That’s why they APPEAR to have been accurate. The RECORDED vote has deviated from the TRUE VOTE in EVERY election since 1968 –always favoring the Republicans.
    snip

    In the 2010 Midterms, the statistical evidence indicates that many elections for House, Senate and Governor were stolen. The Wisconsin True Vote Model contains worksheets for Senate, Governor, Supreme Court and Recall elections. A serious analyst can run them and see why it is likely that they were stolen.

    In 2012, Obama won the recorded vote by 51.0-47.2% (5.0 million vote margin) and once again overcame the built-in 5% fraud factor. The 2012 Presidential True Vote and Election Fraud Simulation Model exactly forecast Obama’s 332 electoral vote based on the state pre-election polls. The built-in True Vote Model projected that Obama would win by 56-42% with 391 electoral votes. But just 31 states were exit polled, therefore a comparison between the True Vote Model and the state and national unadjusted exit polls (i.e. the red-shift) is not possible. Obama won the 11.7 million Late votes recorded after Election Day by 58-38%. In 2008, he won the 10.2 million late votes by 59-37%, a confirmation that he was within 2% of his 2008 share.

    ………………..

    http://www.bradblog.com/?p=8889
    By Brad Friedman

    Recommended #OWS Demand: Let ALL Citizens 18 and Older Vote, On Paper Ballots, Count Them in Public

    I offer the following simple “demand” for consideration by OWS, as this one likely underscores almost every other. Or, at least, without it, all other demands may ultimately be rendered moot. Every U.S. citizen 18 years of age or older who wishes to vote, gets to vote. Period. Those votes, on hand-marked paper ballots, will be counted publicly, by hand, on Election Night, at the precinct, in front of all observers and video cameras. ….
    …………….