'the US is not a democracy....and the American economy is not in recovery'

[marmar]

Sucking Spoilt Milk From A Bloated Dead Sow
May 3, 2015 Posted by Raúl Ilargi Meijer at 1:21 pm


With US GDP growth ‘officially’ back where it belongs, in the Arctic zone close to freezing on the surface but much worse in real life, for reasons both Albert Edwards and Ambrose Evans-Pritchard (not exactly a pair of Siamese twins) remarked this week; that is, excluding the “biggest inventory build in history, the economy contracted sharply”, it’s time for everyone to at long last change the angle from which they view the world, if not the color of their glasses.

But ‘everyone’ will resist, refuse and refute that change, leaving precious few people with an accurate picture of the – economic – world. Still, for you it’s beneficial to acknowledge that very little of what you read holds much, if any, truth or value. This is true when it comes to politics, geopolitics and economics. That is, the US is not a democracy, it is not the supreme leader of the world, and the American economy is not in recovery.

Declining business investment, a record inventory build and extreme borrowing to hold share prices above water through buybacks, it all together paints a picture of a very unhealthy if not outright dying economy, and certainly not one in which anything at all is recovering. But how are you supposed to know?

The entire financial media should change its angle of view, away from the recovery meme (or myth), but the media won’t because the absurd one-dimensional focus on that perpetuated myth is the only thing that makes the present mess somewhat bearable, palatable and, more importantly, marketable, to the general public.

......(snip)......

• The American economy is not in recovery. I already mentioned the creative jobs numbers accounting. Also, without Fed intervention, asset prices (bonds, stocks, real estate..) would be much lower. This would have been a lot healthier for everyone, except for banks and their shareholders. But once QE is unleashed, there is no smooth exit possible. It will need to continue until it self-implodes. ...................(more)

http://www.theautomaticearth.com/2015/05/sucking-spoilt-milk-from-a-bloated-dead-sow/

[merrily]

1. We're a plutocracy, doing business in the form of a republic, but calling ourselves a democracy.

What's the problem?

[raouldukelives]

2. K&R Fraud, deceit & denial.

All amplified, financed & fought for on the behalf of corporate investors. They give them the right to lie to them, to all of us, all in the name of short term gain for themselves and the monster they feed.

If one wishes to see more third world sweatshops, corporate prisons, dismantling of education, denial of climate change, resource wars, Wall St politicians and the destruction of our democracy.
If one wants to do all they can in this lifetime to assure we are the last generation born into a world of forests & jungles, abundant wildlife, healthy oceans, fresh water, food and even freedom, one couldn't do much more to achieve those ends than to bankroll those creating and obfuscating the conditions assuring the demise of all of it.

[Punx]

3. Rec

For linking to TAE.

A great source if you want to get an opinion independent of the MSM.

[Cryptoad]

4. the 1% would disagree,,,,,,,

[ananda]

5. Corporate fascist oligarchy masquerading as a democracy.

..

[lumberjack_jeff]

6. The Automatic Earth's prognostication track record is not stellar.

To paraphrase Cher: If I'd started digging a grave every time they predicted the imminent death of the economy, I'd be eating chop suey in China.

[truth2power]

7. I recently viewed two separate interviews

with Paul Craig Roberts in which he made exactly these points, but in more depth. This is also being said, repeatedly, by Prof. Richard Wolff. Our economy is a house of cards. It's too bad that many Americans are still in denial.

So, thanks for getting the word out, from an approved source.




ETA: I first clicked on your thread this morning while having my coffee and cereal. "Sucking Spoilt Milk From a Bloated Dead Sow". OOPS!

[closeupready]

8. If the tone is set at the top, then eventually, normal people

will stop believing in our society and economy, as the 1% do as they siphon profits off to tax havens and lobby for exemptions from having to help finance the US government's spending. When that happens, you'll have a rise in a black market economy and increasing civil unrest (such as what we've seen recently in Baltimore).

[woo me with science]

9. K&R Important post. We are not dealing with a political campaign in a democracy.

We are facing deep, systemic corruption and the subversion of our democracy itself into corporate oligarchy and an authoritarian surveillance/police state.