GDP IS A BOGUS FINANCIAL CONCEPT WHEN DEBT DOMINATES — SOURCE: 10-19-17 Charles Hugh Smith, OfTwoMinds blog – ” GDP Is Bogus: Here’s Why” — The rot eating away at our society and economy is typically papered over with bogus statistics that “prove” everything’s getting better every day in every way. The prime “proof” of rising prosperity […]
THESIS 2017
AN ARCHAIC GDP FORMULA HIDES THE FACT THE USA IS ALREADY IN A DEPRESSION!
AN ARCHAIC GDP FORMULA HIDES THE FACT THE USA IS ALREADY IN A DEPRESSION! — SOURCE: 09-28-17 Baker & Company Advisory Group, – “We Are Already In Depression (If Borrowing Money Is Not Income)” — The U.S. economy is not as solid as it appears. Statistical anomalies hide profound weakness. We examine actual GDP and […]
THESIS 2017: THERE’S NOT NEARLY ENOUGH GROWTH TO KEEP GROWING
THESIS 2017: THERE’S NOT NEARLY ENOUGH GROWTH TO KEEP GROWING Both our Energy Systems and our Financial Systems are examples of what happens when (what we should perhaps call the rate of ‘productivity’ rather than growth) falls below a critical mass – it becomes impossible to maintain, even keep alive, a society as complex as […]