Since the United States and global economy is already in a Depression adding a Recession on top of it could only make things worse.
The word "Depressio
n" is a taboo word for Wall Street. When the word "Depressio
n" is invoked it empowers the Government to take drastic actions that might negatively impact the Global Bankers and Traders. Regulation
s that might prevent them from whipping up fraud and calling it wealth. The reason every Presidenti
al Administra
tion of either party going back decades has been packed with Wall Streeters is to head off any decision in the Oval Office that might let the public in on the true economic conditions in the United States. The US Government is permitted to throw around the word "Recession
" but "Depressio
n"? No way. Economic data is carefully manipulate
d everyday to prevent the picture of a "Depressio
n" from resolving.
So, as I say, adding a Recession on top of the ongoing Depression would likely not be pleasant.
Read the Article at HuffingtonPost
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