Gap widening between offical stats and reality

www.marketoracle.co.uk...

good article, lots of talk, some perspectives make a lot sense

Now, here's the reality in red, based on Shadow Government Statistics: We had a much deeper recession in 2002, an attempt to recover, and more recently, a second recession starting in late 2006 or early 2007. In other words, the big picture for this entire decade is a double-dip recession. Meanwhile, the government claims we're not in a recession. It's ridiculous.

talks about how housing bubble was attempt to get us into positive growth GDP, or basically keep debt growing



[edit on 27-7-2008 by cpdaman]

yes i agree.
it is obvious that the government is throwing all the deck chairs off the titanic right now. the thing about lying about numbers is it only works for a little while once people see through it stuff gets REAL BAD.

that is whats happening right now. people are seeing through the bulls--- fake numbers and are pulling money out of the system anyway they can, because they realize the government is lying. this will cause the final destruction.

get ready!

you know it just puts things into a perspective that makes more sense

when you look at the REAL GDP numbers (when you take out the politicizing that has gone on over the last 15 years) to keep the confidence game going...and now it's on life support you see a clearer picture

Economy getting into a deep recession around 2001-02 and then a desperate fed allowing securitization and low intrest rates (which they knew would leave hell to pay) found a way to keep the dept growth in process and a bit of a bounce based on artificially high prices and knowingly shady lending. The reason they were knowingly reckless because the situation for growth was dire, they are NOT STUPID. Their is a time in life to wear rose covered glasses it makes reality better. Their is a time when dealing with EXTERNAL Macroeconomic situations where these glasses put you in a worse position when the sand (that was around people's head's) gets blown away and they are left unprepared

The goverment servents knew this ship was heading for ice. Perhaps they had different reasons for buying time. Some for re-election, some to delay a bad recession, perhaps others to buy time to make sure the coming economic pain would be great enough to give them the leverage/ reaction from the public to do something (giving them the go ahead to launch the NWO/ global gov't) all the while the infrastructure was being built (Euro zone, NAU) plus they wanted to scoop up some money and then see how long they could keep feeding the public S**T , while they made plans to get out of dodge.

Get out of debt, get out of a overly material sort of lifestyle, live happily, make a plan.

Realists who see this, get Zero credit when they are right, and for warning people they get yelled at for calling this to attention ahead of time. (i.e you said this last month). Some can see the big picture and the "next phase coming" but they CAN'T predict how LONG the Spin and knowingly reckless attempts to prop the markets will last! Call them doom and gloomers, call them conspiracy theorists, call them what ever you like, because human nature lets this help you DISMISS them and sleep better.