Most find this truth hard to believe. It is well-known that it is far easier to lie to many than to convince many they have accepted big lies. This is so because no one believes he or she is gullible.
Yet the numbers do not lie. In True Dollars™, GDP has been in decline for a long time, since the all-time peak of GDP, which happened in Q3 2007.
After all, tent cities have sprung up over the years in the USA (see: LIST OF TENT CITIES IN AMERICA and List of tent cities in the United States). Those who study the matter are now calling these tent cities as permanent shantytowns (see: LA 'Tent Cities' Becoming Shantytowns, Expert Says).
There was no recovery under either Obama or Trump though there were short advances under both presidents. Since Biden, the economy has taken a sharper turn downward.
Now, as Fed Res central bankers begin raising the Fed Funds Rate and since they began their sell-off of mortgage-backed securities, anyone should expect the collapse of the latest residential realty bubble to drag the economy downward. This time though, FRCBs will not mask the decline. Hard times will become revealed at long last.
Gab It
