Posted on 06/15/2022 10:29:16 AM PDT by Browns Ultra Fan
While expected, it is still unwelcome news.
The Atlanta Fed’s GDPNow real-time GDP forecast for Q2 just sank into negative territory at -0.002%.
Let’s see how Real GDP does if The Fed actually withdraws its stimulus needle.
And consumer purchasing power keeps diving as The Fed keeps printing money.
(Excerpt) Read more at confoundedinterest.net ...
America losing.
Turning into the perfect storm. Let’s go Branden!
No. Better way to think of it is the FED is creating new debt.
Dollars are debt. 'Legal Tender' is not used to pay debt, only to 'tender' the debt to another.
The only Constitutional and Lawful money is coin. A certificate, 1 for 1, for the coin would be acceptable.
Recession!
So Build Back Better was code for Recession, Inflation, market crash.
Recession is only transitory on the way to depression.
WAIT.. WUT?
Pig Face Bidet said just the other day that the economy is booming!
Now the dork wouldnt lie to us would he?
Without the trillion in deficit spending it would really be -5% Y over Y.
Don’t forget the last step: the government taking over more sectors of the economy after the crash.
So it’s officially a recession now since last quarter was negative as well.
Our country is lead by economic morons and supported by the leftist propaganda machine. Just watch a little mainstream media and they will spin this news as something good. Biden officials will claim the economic recovery is on track and Democrat policies are working well. It’s just a messaging problem. The truth is this is just the beginning. Unemployment will start increasing come this autumn as businesses start laying people off. That will continue in 2023 and businesses begin to fail. Meanwhile, the cause to all these issues will remain employed and receive raises. Those people are lazy ass government employees that never built anything other than obstacles to small businesses and hard working Americans. The solution is to shutter the vast majority of government. Make these government scum bags feel the pain. Send them to the unemployment line
The GDP need to be deflated for inflation.
Change in GDP minus real inflation rate equals Big Recession.
Dollars are debt? Do I owe someone interest on my $20? Or does someone owe me?
Inflation is interest. Without nary a trace, no invoices, no checks to write, international banksters collect that. They do it by creating more debt, watering down your $20.
The dirty little bankstering secret, where we believe the bank is giving us 'money' for any loan, mortgage, student, car, is that what we think they take from deposits, is actually just a ledger entry and creation of new 'money'.
A silver dime (before 1972, AFAIK) can buy a LOT more in real purchases than today's fake one.
The interest on "Legal Tender" so-called 'money' can be avoided by Constitutional money - as specified Article 1 Section 8 by having real Money - coinage.
I see how I lose on my $20, how are the international banksters collecting?
The dirty little bankstering secret, where we believe the bank is giving us 'money' for any loan, mortgage, student, car, is that what we think they take from deposits, is actually just a ledger entry and creation of new 'money'.
Kinda.
But when I cash my loan check, I get real money from the lending banks deposits.
A silver dime (before 1972, AFAIK)
Before 1965.
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