Reporter: Prof. Ulysses S.Crockett, Jr., J.D. '71 Boalt Hall School of Law University California Berkeley; LL.M. '73 Columbia University School of Law (Federal Taxation); See Ulysses S. Crockett, Jr. 'Federal Taxation Of Corporate Unifications: A Review Of Legislative Policy', 15 DUQUESNE LAW REVIEW 1 (1976).
Presently Dean Of Instruction, Carlton R. Inniss, III Oakland Alameda County Community LawSchool, Inc., 3850 San Pablo Avenue Ste 410, Emeryville,, CA 94608, echojurist@yahoo.com, 510.597.1959.

1. Disclosure dictates indentity of Prof. Kevin Phillips as staunch Nixon Republican who authored and directed the so-called Nixon "Southern Strategy" designed to change previously 'Democratic' Southern States into 'Republican' States, starting with Rev. Jerry Fallwell and other religiious 'Christian' extremists in the creation of a 'One-God' Moral Majority.

2. Phillips was successful in these efforts resulting in Nixon's 1972 electoral victory (when votes were counted with verifiable voter receipt records) even though formal investigations indicated Nixon and other Executive officials had engaged in probable unlawful conduct.

3. China's Premiere Chou En Lai and Mao Tse Tung had succeeded in getting Henry Kissinger so drunk ( matter of public record) that upon signing the historic U.S.-China Protocols preceding Nixon's visit to China, indicted war criminal and Bilderberg Group member Kissinger stated during a toast, "...after drinking this (Chinese alcoholic beverage), I'll sign anything."

4, After serious reflection, upon these and other Nixon political, economic non-democratic operations, Kevin Phillips looked at the U.S. and world economic status with more factual, independent, scholarly analyses. The result of this Phillips educational transformation is, among other writings,the 2006 book, 'Bad Money: Reckless Finance, Failed Politics, And Crisis of American Capitalism'.

5. Among the observations Phillips makes is the U.S. published 14.2 trillion dollar Gross Domestic Product consists largely largely of public and private debt significantly accumulating since the 1970 Nixon admiinistration years.

6. Phillips also notes the recent rise in Global Commodity Inflation (includes crude oil), due largely from private unregulated entity speculation.

7. Our prior U. S. World Economic Report No. 5708 states the official data measures of Gross Domestic Product, Unemployment Rates, Consumer Price Index, Inflation, Consumer Debt , National Government Debt, National Trade Deficit, military-Intelligence Expenditure Budgets - are not mathematically verifiable nor estimable. For example, University of Denver Professor Robert Hardaway points out that the "sub-prime lending crisis" "...can be directly traced back to the (1983) Bureau of Labor Standards decision to exclude the price of housing from the Cosumer Price Index..."

8. In fact, the U.S.Government Accounting Office concedes it cannot obtain accounting audit data from the Pentagon because the Pentagon, though legally required to do so, fails to report its expenditures to Congressional oversight committees. This Pentagon unlawful conduct, not the subject of sanctions imposed by the U.S. Congress or by the U.S. Justice Department, is tolerated and continues on the grounds that Pentagon officials simply have no accurate records of its expenditures. Alas, high school or college accountiing training is not a strong suit of Pentagon staff officers.

9. The U.S. World Economist Report readers/subscribers are reminded of the U.S. secret Pentagon, Defense Intelligence Agency, Army Intelligence, Naval Intelligence (author Bob Woodward of Watergate notoriety is a Naval Intelligence operative), Airforce Intelligence so-called "black budget" U.S. taxpayer expenditures are neither specifically lawfully authorized by Constitution or Statute nor accounted for to any government agency or congressional oversight committee. Thus, in classic facist manner, the scholarly estimated trillions of dollars expended by "black budget" intelligence operations amount to nothing more than a set of many unlawful thefts of U.S. taxpayer dollars with no available legal sanction. Also, of significance is the published fact that the Central Intelligence Agency "official" budget constitutes only 1/4th of the entire U.S. intelligence budget.

10. REAL GROWH DOMSTIC PRODUCT MEASURE: Prof. Phillips explains that where the U.S. publishes a 4% GDP growth figure, the U.S. Office of Management and Budget, General Accounting Office, Congressional Budget Office, Bureau of Economic Analyis - all remain silent about the real inflation rate, which is 6%. Thus, there is no actual GDP growh but negtive growth. This official disiniformation is a sad example of U.S. budgetary officials "cooking the books" (Prof. Phillips' phrase). Correlatively, given a weakened, underfunded, understaffed Securities and Exchange Commission, Justice Department and State regulatory offices, privae industry and financial entities are free to similary "cook" their respective books (Enron, Bear Stearnes, et al). The rash of recent securities insider trading, options granting, accounting scandals and prosecutions indicate - all to the decision-making detriment of honest, unwitting investors/gamblers - a worldwide free-for-all numbers racket.
QUOD ERAD DEMONSTRADUM

Reporter: Prof. Ulysses s. Crockett, Jr., J.D. '71 Boalt Hall School of Law University California Berkeley; LL.M. Columbia University School of Law (Federal Taxation), See Ulysses S. Crockett, Jr., ' Taxation Of Interest On Indebtedness In Corporate Acquisitions: A Congressional Response In Merger Tax Reform', 10 INDIANA LAW REVIEW 419 (1976).
Presently Dean Of Instruction, Carlton R. Inniss, III Oakland Alameda County Community Law School, Inc., 3850 San Pablo Avenue Ste 410, Emeryville, CA 94608, echojurist@yahoo.com, 510.597.1959.

1. RECENT LEADING ECONOMISTS ANALYSES: Let the reader first undertand that there are no Nobel Prize Economics Laureates. Instead there is, since 1969, an annual award in memory of Alfred Nobel designated formally as the Sverges Risbank Prize in Economics. This early May, 2008, three such recipients of the Risbank Prize, Joseph Stiglitz (2001), Robert Engles, III (2003) and Edmund Phelps (2006) held forth on a BBC Radio braodcast discussing opinionated causes and remedies for the present U.S. and world credit-finance crises. Suffice to say that neither economist dared to offer a set of private institution, government regulatory or consumer-investor behaviors which would establish remedies favorable to all palyers in the modern capitalist world. All economists could agree, however, that the modern version of capitalism has resulted in continued planetary destruction - all in the name of so-called "economic growth" relative analytic measures of which these three economists received the Risbank Prize.

2. This May's (2008) issue of Harper's Magazine contains an instructive monograph by Kevin Phillips about the numbers racket aspect of the U.S. and world finance system which should be required reading in all schools of business and finance throughout the world. Essentially, Professor Phillips correctly notes the widespread use of deceptive data and statistics in convincing many U.S. residents that the U.S. economy "...is stronger, fairer, more productive, more dominant, and richer than it actually is." Among the deceptive data foisted upon the consuming public, and indeed the economic scholars who attempt to analyze such deceptive data include, inter alia: a. Consumer Price Index, b. Gross Domestic Product, c. Monthly Unemployment Figures, d. Federal Interest Payments on National Debt, e. Cost Of Living Increases For Pensions, Wages, Social Benefits, f. Inflation Rates and so-called g. Growth Rates.

To Be Continued in Next Weekly Report. USC,echojurist@yahoo.com
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