Monday, August 15, 2016
BARRY'S BOGUS ECONOMY. THE U.S. ECONOMY CONTINUES TO SHRINK IN 2016.
The True Dollar Journal has been quite over the last few months. During this time, I've been updating the True Dollar Data Engine (TDDE) since workers at the Federal Reserve updated their data formats. The new TDDE can zip through reams of data like never before. Now, let's get down to business ...
In "REAL" GDP IS FAKE, BOGUS, CRAP. AMERICANS AND SCHOOL CHILDREN HAVE BEEN
HOODWINKED FOR DECADES, I showed you how bogus the academic concept of "real" GDP is. Currently, the Bureau of Economic Analysis calculates "real" GDP from an inflated GDP for 2009. In their propaganda release for Q2 2016 GDP, the minions of the BEA claimed "real" GDP grew at the rate of 1.2% annualized.
In True Dollars™, which is the only way one can know the true state of the economy, reveals the reality of a shrinking USA economy. The USA economy is shrinking at a rate of -3.4% a year. The record number of adults out of the workforce back up the True Dollars picture.
Noticeably, Barry Obama never talks up his economy. If the BEA numbers were to be believed, Obama could claim the economy grew almost 11% since the boom time peak of Q4 2007.
Clearly, Americans are not living anywhere near those boom times. Otherwise, Americans would have houses overfilled with everything and garages filled with the latest RVs and ATVs.