The U.S. Greater Depression Exposed, Part I.

The other, closely related theme is the (supposed) collapse of “Emerging Market currencies”. In fact; what we have seen is the collapse of most of the world’s currencies versus the U.S. dollar. In no way can these two events be considered mere coincidence.

As explained in my last commentary; the contrived collapse of these currencies -- by financial criminals currently being investigated globally for serially rigging these same markets – is nothing more than a Reverse Beauty Contest. It is an effort to make the world’s least-attractive/most-worthless currency appear to be the world’s “strongest” currency.

With the perversion of statistics and the manipulation of our markets reaching new, absurd extremes; it becomes necessary to remind readers (and alert newer readers) of what is actually transpiring in the real world. This two-part series will establish three obvious points:

1)      The U.S. economy is currently in the midst of a Greater Depression; the worst, sustained economic collapse in the history of this nation.

2)      Given this collapse; the U.S. does not have one of the world’s stronger economies, but rather it has the weakest economy of any/all major nations.

3) The downward spiral in this Greater Depression is, in fact a terminal collapse. The final result of this economic devolution can only mean the transformation of the United States into essentially a “Third World nation”.

We start with the fundamental lie regarding the U.S. economy, the mythical “recovery” itself. By now; regular readers should understand that GDP (growth) is arguably the easiest of all statistics to falsify. All that is required is to first understate “inflation”, and then GDP can be exaggerated commensurately.

A simple example will explain this, for the benefit of newer readers. If (price) inflation is (hypothetically) 10% per year; then when our governments collect the raw data on economic growth, they must, roughly speaking, subtract 10% from their data. This is called the “GDP deflator”. If our governments did not subtract inflation out of the equation when they attempted to measure GDP, then they would not get a statistic which measured “economic growth”, but rather a statistic which measured economic growth plus the increase in prices.

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