GOLDILOCKS IS DEAD…”Let’s face the facts. Your overlords have doubled down on debt to keep this crumbling empire alive”
James Quinn
TheBurningPlatform.com
2/26/2018
“Once you strip out the effects of the debt binge, the artificial stimulus via currency depreciation, and the fabled ‘wealth effect’ from the equity market runup, real GDP growth stripped-down to its core was the grand total of 0.7% last year. Potemkin would be proud.” – David Rosenberg
It appears every president finds the religion of false economic narrative once they ascend to power. Trump never stops babbling and tweeting about the fantastic economy and raging jobs market since his election. He has embraced the stock market bubble as proof of his brilliant leadership, rather than the tens of trillions in debt propping up the most overvalued market in world history. Every president takes credit for any good news, spins bad news as good news, or blames the previous president for bad news that can’t be denied. The president has absolutely zero impact on the economy or stock market over the short term. It’s like taking credit for the sun rising in the east each morning.
The Big Lie method works wonders when you have a willfully ignorant, mathematically challenged, easily manipulated populace. I spent the entire Obama presidency obliterating the fake economic data perpetuated by his BLS, BEA and every other government agency trying to paint a rosy economic picture. I voted for Trump because the thought of Crooked Hillary as the president made me ill. Despite disagreeing with many of his economic, budgetary, and military policies during his first year in office, I’d vote for him again over Hillary in an instant. The thought of having that evil shrew running the country gives me chills.
But that doesn’t mean I will stand idly by, cheerlead and ignore the facts to provide cover for Trump. I despise false narratives, whether they are spun by Democrats or Republicans. The Deep State still runs the show on a day to day basis, and it is in their best interest to mislead the public, keep them sedated, unaware of how bad things have become, and oblivious to the coming debt shitstorm destined to destroy this country. Every remedy prescribed by the Deep State players within the government, Federal Reserve, and Wall Street since 2008 not only did not cure the disease infecting this country, but exacerbated the disease and insured the inevitability of our demise.
It is particularly irritating to hear Trump and his minions bloviating about the tremendous job growth since he was elected. U.S. job growth has averaged 176,000 jobs per month over the past year. That’s down from an average of 208,000 in the prior year, and 217,000 over the prior 4 years. But why let facts get in the way of a good story. The number of new jobs being added per month is on a declining slope. We are eight years into a fake recovery built on trillions in debt, with the ensuing bubbles in the stock market, bond market and real estate market. I don’t need politicians pissing down my back and telling me its raining.
The other false narrative flogged relentlessly by politicians, Wall Street shysters, CNBC bimbos, and a myriad of highly paid MSM talking heads is the record stock market highs are a reflection of a strong robust economy. What a load of crap. The stock market went up 360% over the last nine years as real wages stagnated and even the highly manipulated GDP barely grew at a 2% rate. The Dow hit a record 26,616 on January 26, proceeded to collapse by 2,800 points in less than two weeks, and has since soared by 1,700 points in the next two weeks. None of these moves had anything to do with the economy, corporate earnings or cash on the sidelines.
The stock market bubble has been driven solely by the Federal Reserve providing free money to Wall Street, with a guaranteed put by Bernanke and then Yellen. QE, ZIRP, and an unspoken agreement between the central bankers at the Fed, ECB, Bank of Japan and the Swiss National Bank to buy stocks has effectively elevated stocks around the world to absurd valuations. These highly educated intellectual-yet-idiots now cannot unwind their debt house of cards without blowing up the world financial system. With total public and private U.S. debt of $67 trillion and over $200 trillion of unfunded liabilities, this powder keg of debt awaits the inevitable spark.
The Fed announced the unwinding of their $4.4 trillion balance sheet of dodgy mortgages, treasuries, and other Wall Street created dreck, many months ago. They had been all talk until the last week of January when they reduced their balance sheet by a measly .5%. Do you think it was just a coincidence the stock market imploded by 10% in an instant? Shockingly, the Fed increased their balance sheet by $15 billion over the next two weeks and the stock market rebounded dramatically. Weakening the dollar at the same time didn’t hurt either.
The other excuse for the stock market correction was the CPI hysterically coming in too high at 2.1% and resulting in the 10 year Treasury surpassing 2.9%. It is hysterical the government expects the plebs to believe health care costs are only rising by 2%, auto prices are falling, food prices are increasing less than 2%, and shelter expenses are only rising by 3%. Anyone living in the real world knows their living expenses are rising at an above 5% clip, while their wages are barely growing. It is absolutely essential for the Deep State to disguise the true level of inflation or panic and retribution would ensue.
The Rest…HERE
