Despite the full-court press by the government and their media lackeys, there is no economic recovery underway. There can be no recovery without employment improving, tax revenues improving and corporate sales (as opposed to corporate reported profits) improving. None of this is happening.
Four Horsemen of the Apocalypse
Ignore government reported statistics, CNBC touts and the hype of the mainstream media. We are in a severe recession. There are no signs of improvement, despite the engineered “feel-good” orchestrations. Vested interests continue to manipulate and spin data to attempt to convey the notion that improvement is underway. As stated by Charles Hugh Smith and quoted by Michael Panzer:
A massive outbreak of economic cognitive dissonance is being suppressed with wave after wave of manufactured “good news.” Every visibly negative bit of data is run through a media and Central State assembly line to refashion it as “good news” and “evidence” that the “nascent recovery is taking hold.” Whatever cannot be rejiggered is simply buried or suppressed.
There is no recovery underway or coming. Before the year is over, the term depression will be increasingly used. It will be impossible to continue to cover up increasingly bad data.
I have maintained this position since this blog began last September (actually before the blog began). The only question was whether it would be this cycle or the next. It is obvious that you cannot cure a debt problem with more debt. At some point, the heroin addict gets to the level where his body cannot take larger doses. It appears that Western economies have reached this point and will not make it to the next cycle.
If this attempt were just the normal Keynesian nonsense of spending and monetary stimulus, it would fail. But, in addition to these remedies, the Obama Administration has burdened the economy with new entitlements and destroyed incentives to hire or invest by the adverse tax and spending policies implemented and promised. All of these have greatly increased uncertainty and fear in the private sector.
The Michael Panzer review of Hughes’ piece details six reasons why there can be no recovery.
They are not only destroying the economy, capitalism and the free market, but are also busy destroying the Constitution, what remains of it.
Check out this first in a series from Hillsdale College:
Hillsdale College’s Allan P. Kirby, Jr. Center for Constitutional Studies and Citizenship is publishing a series of white papers on topics related to the revival of limited constitutional government.
The first in that series, titled “The Coming Constitutional Debate: A Citizen’s Guide,” is written by Justice Stephen J. Markman of the Michigan Supreme Court. Since 1993, Justice Markman has taught America’s founding principles—the principles of liberty—in a popular constitutional law course at Hillsdale College. The primary text for this course is the Constitution itself, not the latest legal theories.
Taking on what Justice Markman calls “the twenty-first century constitutionalists,” this white paper examines the threat posed by progressive constitutional ideology that, if successful, would erase the distinctions between public and private institutions and subordinate the Constitution to foreign law.
A much-abridged version of this white paper is available in the April issue of Imprimis. If you have any questions, please email kirbycenter@hillsdale.edu.
“What spectacle can be more edifying or more seasonable, than that of liberty and learning, each leaning on the other for their mutual and surest support?”
— James Madison
What will it take for truth to be spoken in media : at least !
Governments are into survival mode.
But media is criminal
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