Shadow stats shows us the depression has been going on since around 2008 and lately has got much much worse. The only reason GDP is positive is lies, damned lies and statistics!
Yes these numbers we get from our owners are LIES. Government NEVER tells the truth - EVER! Inflation is raging and people are struggling to make it pay check to paycheck. Meanwhile our owners are all enjoying flying around the world, eating top line food, staying on the best of the best hotels and we pay for their fun. We cannot even afford a meal at McDonalds, and people like Yellen tell us they just don't see the inflation / problem. Its time to start listening to these people with a critical ear. If you listen they are not sane people - they are con artists. Yellen could not pour the proverbial piss out of a boot if you told her read the directions on the heel. We have elected morons and they pick morons to run things. We need top notch no nonsense business people elected not life long government hog trough feeders.
No question all government stats are baked and manipulated to portray the picture they want to the public that also enables them to spend into oblivion and support their narrative of why they need to. Like the masterful read Rape of the Mind the government statistics and spending is the masterful rape of the people by the elected, thieves. This has gone on for decades and eventually you reap what you sow and can only so long hide a lie.
This is the kind of serious and thoughtful, well researched, databased commentary that we all need to arm our friends with tools to wake up the sleeping masses. Thank you for this Robert. Bravo!
Yes, the inflation data has many problems, which can throw off the GDP estimates. However, physical measurements such as electricity consumption or cardboard output, which are much harder to fake, all show positive growth through Q1 2024.
I said it when it happened in 208 and I will KEEP saying it....The Second Depression hit over 15 years ago, and no one wanted to admit it. Lawmakers simply called it a "Recession" to keep the public from panicking and freaking out. But make no mistake, it was bad in 2008...but with the current job market, inflation of everyday goods, and the housing crisis AGAIN reaching a bursting point, it is about to get MUCH WORSE!
Shadow stats shows us the depression has been going on since around 2008 and lately has got much much worse. The only reason GDP is positive is lies, damned lies and statistics!
Yes. "Even that grandaddy of statistics, GDP, may be an illusion. Because GDP counts government spending as production."
Government borrowing and spending increases GDP. Actual productivity has little or nothing to do with GDP. It's a leftist government lie.
And I have some magic beans you can buy. Contact me at FU DICK HEAD
Probably a depression since 2008. Better yet 1971. Money printing since then and welfare payment transfers has hidden realty.
It's a recession for labor, boom for capital.
Yes these numbers we get from our owners are LIES. Government NEVER tells the truth - EVER! Inflation is raging and people are struggling to make it pay check to paycheck. Meanwhile our owners are all enjoying flying around the world, eating top line food, staying on the best of the best hotels and we pay for their fun. We cannot even afford a meal at McDonalds, and people like Yellen tell us they just don't see the inflation / problem. Its time to start listening to these people with a critical ear. If you listen they are not sane people - they are con artists. Yellen could not pour the proverbial piss out of a boot if you told her read the directions on the heel. We have elected morons and they pick morons to run things. We need top notch no nonsense business people elected not life long government hog trough feeders.
No question all government stats are baked and manipulated to portray the picture they want to the public that also enables them to spend into oblivion and support their narrative of why they need to. Like the masterful read Rape of the Mind the government statistics and spending is the masterful rape of the people by the elected, thieves. This has gone on for decades and eventually you reap what you sow and can only so long hide a lie.
We've been having huge inflation since the 00s, when housing and health care skyrocketed double digits every year.
Fast food and gas take much less of a budget than housing.
That's why they messed with the CPI calculations to count housing less to make people think the housing bubble was a good thing.
But for some reason everyone forgets that as inflation. Perhaps because everyone thought housing was some sort of investment.
Sure ok, your house went up a lot, but when you sell high you still have to buy high.
Who gets the profits of inflation from housing? The banks... Personal Debt levels skyrocketed since 00s.
As for gas, during Bush it was much higher back then if you adjust for today's dollars.
This is the kind of serious and thoughtful, well researched, databased commentary that we all need to arm our friends with tools to wake up the sleeping masses. Thank you for this Robert. Bravo!
Yes, the inflation data has many problems, which can throw off the GDP estimates. However, physical measurements such as electricity consumption or cardboard output, which are much harder to fake, all show positive growth through Q1 2024.
I said it when it happened in 208 and I will KEEP saying it....The Second Depression hit over 15 years ago, and no one wanted to admit it. Lawmakers simply called it a "Recession" to keep the public from panicking and freaking out. But make no mistake, it was bad in 2008...but with the current job market, inflation of everyday goods, and the housing crisis AGAIN reaching a bursting point, it is about to get MUCH WORSE!
Why did Milei turn back to China after buying F16's LOL
Argentina Faces Reality: Renews RMB Currency Lifeline, Expands China Trade For Economic Survival
https://www.youtube.com/watch?v=V9iU05FBYpc
How in Hades is government spending *production*?!
Thanks for a clear-eyed overview of this!
Depends on the individual.