LIVE! Economic MELTDOWN Worsens. FAKE GDP Numbers. Home Sales NOSEDIVE. Trade Gap WIDENS. Mannarino
From Greg M
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The whole USA is one fake Ponzi scheme. We have been in a depression for decades now. The only reason you don't see the soup lines of the 1930s is because of Government handouts such as food stamps, welfare and EBT cards.
I just want to introduce a little more sanity into the conversation, by saying that we either accept ALL numbers that are provided, or we DO NOT. We can't pick and choose the government-supplied numbers and dismiss others. How can we scoff and dismiss GDP numbers but accept the Housing Meltdown numbers? It's my understanding that SOME states are faring better than others, they have different businesses in their states that leverage the local economy and produce "skewed" numbers against the backdrop of the rest of the country (or average states).