Proof Positive That the “Recovery” is a Lie and the Fed Is Only Interested in the TBTFs
by Phoenix Capital Research
ZeroHedge.com
03/28/2015
By basing the whole “recovery” argument on fraudulent data, the Fed and Federal Government have backed themselves into a corner.
After all, anyone with a functioning brain knows that the unemployment data, and, GDP growth data are massaged at best and totally bogus at worst. By using these data points as bricks to build the argument that somehow spending $4 trillion in newly printed money (and issuing $11 trillion in new debt) was needed only reinforces one of two things:
1) None of the people in charge of steering the economy have a clue what they’re doing …
Or…
2) The whole thing was in fact a giant lie used to cover up the fact that none of the money was spent to try and generate economic growth.
How do we know the US is not in recovery? It’s really quite simple. If it were, the Fed wouldn’t have any issue with raising rates. Take a look at the below chart. Every other recession going back to 1954 saw rates begin to rise a few years into the recovery.
The Rest…HERE
