U.S. Savings-Rate Drop Shrieks Disaster

Thursday, November 17, 2011
By Paul Martin

By Jeff Nielson
SilverBearCafe.com

By now, most readers should be familiar with the way the mainstream propaganda machine “spins” the news. When the U.S. savings rate experienced a short, sharp jump higher in response to the Crash of ’08, media talking-heads saluted a “new generation of thrifty Americans”, whose savings would finance future economic expansion.

Now, with that savings rate having suddenly plummeted again, the propagandists are crowing about how this means “more consumer spending”. What’s truly remarkable about these media pundits is that they will argue either side of the same issue – and yet manage to be wrong both times.

The Rest…HERE

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