U.S. Economic “Growth” At Stall Speed
An economy does not have to be in technical recession in order for it to be mired in economic crisis. That is what the latest GDP figures from the U.S. commerce department reveal about the American economy. In Q2 of 2012 the U.S. economy grew at an anemic 1.5 percent, according to the latest data just released by the Commerce Department. This represents stall speed, a level of growth so low, particularly in the context of massive government deficits and unprecedented monetary easing by the Federal Reserve, it is a future indicator of a looming recession.
More than a trillion dollars in borrowed money, representing a third of all government expenditures, can at best produce a level of artificially induced growth that is so contracted, it represents a fraction of annual government borrowing- which in itself is merely future demand pushed back into the current fiscal year. Just as a plane that loses momentum will enter a stall, leading to a downward tailspin, it seems that the U.S. economy is close to experiencing the same phenomenon.
WALLSTREET KILLS-A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD
To view the YouTube video overview of “Wall Street Kills,” click image below: