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
The idea of a US dollar default is the gurgling of the monetary kindergarden society. The dollar is a function of belief and convience. Originally, as consequence of WWII, dollar was considered as good as gold. It was also absolutely convient in exchange and commerce. Also a matter of belief, faith you might say. Now the dollar is as good as the accuracy and presence of the drone bearing smart bomb. This is also a matter of belief you might say. So long as the world believes that an American ie fed reserve, smart bomb can instantly without warnibg turn them into a smoking hole in the ground, the dollar will remain the world reserve currency. Japan was recently reminded of this possibility, in spades, with the Fukishima ie Israeli triggered equivalent of a smart bomb. Loco Lola says “get real people” the NWO is operational and you aint seen nothin yet. Thanks Rduanewilling.