Phoenix Capital Research refutes the political propaganda that the US is in a recovery with five damning charts so simple to understand that even a “media caveman” should be able to understand. If five pictures are not enough to convey the problem, PCR also uses words:
Folks, this is a DE-pression. And those who claim we’ve turned a corner are going by “adjusted” AKA “massaged” data. The actual data (which is provided by the Federal Reserve and Federal Government by the way) does not support these claims at all. In fact, if anything they prove we’ve wasted money by not permitted the proper debt restructuring/ cleaning of house needed in the financial system.
How does it end? PCR believes we will end in the same manner as Greece:
… while the topic of a US default is not openly discussed today, it’s evident that what’s happening in Greece will eventually come our way, after first making stop at the other PIIGS countries as well as Japan.
Watch Greece carefully. It is only at the end of the beginning of stage one. There is much more to come in this saga.
As an example of the below the radar effects, see reek Students Fight Stray Dogs and Despair Amid College Cuts