ELDER PATRIOT – “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” …Joseph Goebbels, Reich Propaganda Leader of the NSDAP (Nazi Party.)
While the mainstream media maintains it’s endless cacophony declaring an economic recovery, the numbers reveal a far different situation.
The U.S. economy grew by 0.1% in the first quarter of 2015 according to official government reporting. During the Obama administration, GDP reporting has later been revised downward many times. Regardless, without the government spending over a quarter of a trillion dollars of borrowed money the economy shrunk. Factoring for inflation only reveals an even more serious picture of first quarter GDP.
The Bureau of Labor Statistics reports that unemployment is 5.4%. With over 93,000,000 able workers looking for work but unable to find any, that report would be laughable if it weren’t so scary.
With so many people out of work and the economic output of the country shrinking, there’s little hope of those people finding jobs anytime soon.
People make the mistake of believing that an over valued stock market is indicative of a strong economy. It’s not. The stock market was at record highs just before the bubble burst at the end of 2007.
Further examination of where policy makers have positioned us paints an even bleaker picture.
Welfare payments are on the rise as are disability filings and food stamp applications. During a recovery dependence on government assistance diminishes.
The budget deficit is not falling. As anyone responsible for balancing a household budget can tell you, recoveries are when debts should be cleared.
Treasury yields have not risen, as they should during a recovery. Treasury bonds are how the government borrows money. They are sold on a bid basis. The fact that yields are low indicates that no one wants them.
All of these leave future policy makers with little to work with in order to stimulate the economy.
In the face of all of this evidence, people ignorantly repeat the mantra of the mainstream media’s assertion of economic recovery. It makes one wonder what the trillions of dollars spent on education are actually used on.
If there’s are any doubts that David Rockefeller’s efforts to buy enough of the mainstream media sources to control what the people believe has worked, this should put and end to them.