Monday, May 16, 2016

U.S. economy growing itself right back into the Great Depression

When you watch the mainstream media, business news, or any national politicians, they inevitably use certain keywords over and over in an attempt to try to ‘frame’ the economy to their desired outcome.  For years we heard the word ‘recovery’ used by the Fed, President Obama, and CNBC to justify the central bank’s instituting of zero interest rates and quantitative easing, while at the same time Washington used this narrative to continue massive deficits to feed their insatiable spending.
But along with the term recovery, another over-used financial term is that of growth.  And since our entire economy is now based on debt and the interventions of central bank money infusions, an interesting dichotomy is occurring that finally shows exactly where this growth is taking us.
Right back to the Great Depression.

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