Wednesday, August 15, 2012
U.S. Economic Recovery Is Weakest Since World War II
This is such BS. The fact of the matter is WE ARE IN A DEPRESSION AND HAVE BEEN SINCE THE CRASH OF 2008.
It is an undeclared Depression because the National Bureau of Economic Research (NBER) doesn't, conveniently, have a clear definition of "Depression" to adhere to, which helps the Financial Sector which would face severe regulatory intervention should an actual 'Depression" be declared ... so it's all a fraud.
If you look across the world there is no economic bright spot, and, in fact, in many nations the situation, like in the US, is deteriorating.
The Stock Markets aren't a good indicator of the economic situation for they are regulated by captured agencies, like the SEC, and, in the case of derivatives and hedge funds, aren't regulated at all. So all of the activity we see in the markets could simply be related to epic levels of fraud through high speed computerized trading ... like a big Securities Kiting Scheme.
The United States, and the world, is in a Depression due to the systemic failure of the US Economic Model in 2008. There is no Recovery, and won't be until we address the Depression we are in straight on.
Read the Article at HuffingtonPost
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