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The Market Ticker – More Stupid From the Financial Media

Thursday, March 13, 2014 4:50
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(Before It's News)

One of the reasons I’m winding it down is that we, the people seem to be utterly incapable of pushing back against this sort of crap.

This morning the pontification was that “we live in a 2% economy” from Mr. Jack (off).

No.

4Q 2013 GDP was $17.081 trillion.  One year ago it was $16.420 trillion.  That is an increase of $661 billion, more or less, which doesn’t sound so bad as it’s right at 4% advancement annually.

However, The Federal Reserve added $1.112 trillion in credit (unbacked by anything) during the same period of time; that’s a debasement of the units in which GDP is reported of 6.51%.

So the real change in the economy is in fact negative 2.51%.

We are factually in a recession.  

Period.

There can be no progress economically or politically until the lies are stopped.  These are not mistakes; both the hosts and guest are fully-aware of The Fed’s balance sheet.



Source: http://www.market-ticker.org/akcs-www?post=228845

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