If you've watched, listened to, or even simply read highlights from presidential press conferences lately, you'll notice they've stricken a word from their vocabulary... Recession.
Not once in the past several weeks has the administration used the term to describe our current economy. Instead, they've replaced it with recovery.
And with the first accusation that things aren't better yet, they'll instantly point out the strength of the Dow and other indexes across the financial spectrum as proof that what they're doing is working.
Sure. The Fed's made up “Quantitative Easing” and QE2 “worked”. Just take a look at what happened to the Dow:
It looks good... until you take a look at how our money supply's skyrocketed over the same period:
This isn't a coincidence.
The entire past two years of gains... the rise of the market from March 2009 until now... has been a result of little more than the Federal Reserve injecting $3.7 trillion into the system — out of thin air.
What you are witnessing isn't a recovery. For proof, all you need to do is look at the deteriorating situation happening to state and city governments since the first round of Quantitative Easing started.
Not a day goes by in this “recovery” in which another announcement hits the waves of cities and states in more and more financial trouble.
You get the point.
What you're witnessing isn't a recovery; it's downright theft from an out-of-control government.
The truth is, aside from major banks like Goldman Sachs, the only people profiting from this mess are a handful of very wealthy investors who knew it would happen and the major hell storm that lies ahead.
