MONEY: The Economist “Bullshit-O-Meter” is off the frigging scale..!!
Bullshit-O-Meter
It never ceases to amaze me how much "bullshit" Economists are churning out, day after day..!!
This "bullshit" is driving the illusion that the Global Economy is robust, strong, resilient and not in a recession.
Things could not be so far from the truth.
By painting this distorted picture merely postpones the inevitable, and if anything exacerbates the problem making it a whole lot worse to deal with in the future.
DEBT, DERIVATIVES and STIMULUS
What most, if not all Economists do, is miss out half the picture by excluding the impact of Debt, Derivatives and Stimulus on the Economy.
This is a massive flaw in the way their garbage is reported.
By excluding half, if not more of the overall picture, they are in essence discounting the reckless casino of bets playing out in the background.
It is this reckless behaviour that is the very reason that everything appears normal in the Equity Markets.
As I have talked about many times before, The Market, The Stock Market and The Economy are three totally different things and where most people look at The Stock Market and see it going up they assume that the Economy is strong.
They are wrong. They are VERY WRONG..!!
DEBT vs GBP
Currently Global Debt is being piled on at an unprecedented pace and is outstripping the real growth in GDP.
Effectively for every $1 in extra GDP growth, $4 of Debt is being taken on.
This explosive growth in Debt, when combined with the leveraging of toxic Derivatives and Stimulus Spending is totally unsustainable..!!
Next time you hear an Economist painting a rosy picture and spurting out garbage that everything is OK, question yourself, why do they never mention DEBT vs GDP..!!
In order to understand the whole Economy you have to look at the complete picture, and not just one side.
Thanks again for reading.
Stephen
Shared on twitter. Stephen
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It sure is Stephen! I have been preparing since 2006. My family is ready.
You are very lucky. No matter how much I talk to my family they would much rather switch on the tv and listen to the garbage they are being told. I have tried to educate them but they are still wrapped up in the mainstream narrative. Shame really, but the one's that know what is about to happen will become very wealthy. Have a great week and thanks again for your continued support. Stephen
"Currently Global Debt is being piled on at an unprecedented pace and is outstripping the real growth in GDP."
almost all currencies today are debt based this was predicted all along lmao
So true Stephen !! tired of the stupid and their listening to the lies put out by the corrupt system of world slavery !!
But It's a full employment economy... Things are good right?
Reminds me, I must finish James Turk and John Rubino's The Money Bubble. I'm way overdue in getting a full and clear understanding of this issue.