bullionbullscanada.com / By Jeff Nielson / January 30, 2013
Having just heard the U.S. propaganda machine jabbering about a supposedly “strong” holiday-shopping season (it wasn’t), and even more lies about a “housing recovery” (the depression continues); we had a reality-check today: the ridiculously overstated U.S. GDP officially contracted in the 4th quarter of last year.
Officially, the U.S. government reported a contraction of 0.1%. That number is totally absurd. Translating it into the REAL world, it would mean a contraction of 4 – 5% (at an annual rate) — in other words a full-blown depression. For a change, I’m going to refer readers to today’s edition of The Daily Grind for a more in-depth explanation of how/why I know that U.S. GDP is being exaggerated by that amount.
What’s strange here is that with the U.S. government already exaggerating the GDP number by such a huge amount, it could have easily stretched the lie a few more tenths of a percent — and the “contraction” would turn into very low “growth” instead.
So obviously the U.S. government WANTED to report a contraction of the economy — despite the fact its own propaganda machine has been consistently pedalling the lie of a “strengthening recovery”. Why would it contradict its own propaganda in so blatant a manner?
The only plausible suspicion I can come up with at the moment is that the banksters wanted an excuse to announce even MORE money-printing — to stimulate the economy. And note (conveniently) that the Federal Reserve is meeting as I write this, and will be coming out with a new “policy statement” just a few hours from now.
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