Western economies are “recovering”. How do we know
this? We are told this, over and over and over again by our governments.
Then this assertion is repeated thousands of times more by the dutiful
parrots of the Corporate media. And it's the biggest damnable lie going. The only people doing well are satanic network members who get the only jobs left and or work in some form of government.
The problem is that in the real world there is not a
shred of evidence to support this assertion that the economy is in recovery. In the U.S.; ridiculous
official lies were created claiming the creation of 15 million new jobs. In reality, there are three millionless Americans with jobs today than at the official end of the “recession”.
These imaginary jobs are invented by assorted
statistical frauds, with the primary deceit being so-called “seasonal
adjustments”. To be legitimate, all seasonal adjustments must to net to
zero at the end of each year. Instead, in the U.S.A., the biggest job
creator in the nation every year is the calendar.
Beyond the grandiose but absurd claims of new jobs
in the U.S., there have been few signs of economic health across the
Corrupt West. Despite this, these traitorous regimes continue the
pretense that their horrific mismanagement of our economies is making
things better rather than worse.
There are numerous subtle means of demonstrating
that Western economies have never been in more calamitous ill health
than they are today. Fortunately, there are also two very large
and important indicators which provide absolute proof that all of the
economies of the Corrupt West are in a Greater Depression: interest rates and energy demand.
Regular readers have often seen the observation in
these commentaries that interest rates across the West have never been
this low for this long in the entire history of these nations – not even
close. Why not? Two reasons:
- Interest rates this low have always been perceived (by our governments and all legitimate economic commentators) as being so reckless that any short-term benefit from such rates would have been more than offset by long-term harm.
- The reason why our governments have always deemed interest rates this low to be reckless is that in remotely healthy economies such rates would cause these economies to “over-heat” so rapidly and extremely that they would reach unsustainable levels of production and demand.
Are our economies over-heating? No. Nothing could be
further from the truth. We see nothing but over-capacity all around us:
one hundred million permanently unemployed people across the West, relentless business closures, declining real wages, and near-empty shopping malls (in “consumer economies”).The last time retail collapsed this much was in the 1930s.
Interest rates this low are supposed to cause such
rapid business expansion that the economy suffers from a labour
shortage. Why are there a hundred million people unemployed across the
West instead of labour shortages?
Regular readers have seen this question answered in
the past in the form of a metaphor. Consider 0% and near-zero interest
rates to be the economic equivalent of a defibrillator: the
most-extreme, last-resort attempt to “stimulate” the human body when it
is near death.
Our economies have had this economic defibrillator attached to them for more than eight years
– without the slightest glimmer of life. What would happen to a human
body if it was defibrillated continuously for more than eight years?
Charred meat. This is what Western economies have become: charred meat.
In the case of the Corrupt West, we see this charred
meat in the form of asset bubbles. Why are extremely low interest rates
deemed to be so incredibly reckless? Asset bubbles. Near-zero interest rates are literally rocket fuel for the acceleration of asset bubbles.
We’ve been fueling our housing markets and our
equity markets with this bubble-producing rocket fuel for more than
eight years. What has been the result? Surprise, surprise: we see the
biggest asset bubbles in history – especially in real estate markets.
In the United States, both its stock market bubble and bond market bubble are at all-time highs, simultaneously. This is not even theoretically possible in legitimate markets. Stocks and bonds are counter-cyclical markets.
These insane, reckless bubbles have created a thin
veneer of “health” in Western economies. The absurd bubble levels (and
temporary prices) in equity markets create what crooked bankers like B.S. Bernanke
call “a wealth effect”: bubble prices create the illusion of greater
wealth. However, with more than 80% of all equities held by the top-10%,
it’s a fairly narrow illusion.
Much broader is the “wealth effect” (illusion of
wealth) seen in our real estate markets. Real estate is held across a
larger segment of society than equities. Also, constructing millions of superfluous housing units across the West just to satisfy the demand from speculators has created significant amounts of temporary employment in the construction and real estate industries.
What happens when the bubbles are burst, all of this
illusory “wealth” evaporates, and all of the temporary employment
disappears? Don’t answer that question yet.
Some readers may still refuse to believe that
Western economies are mired in a permanent depression, despite the fact
that eight years of defibrillation-by-interest-rate has produced no
discernible reaction in these Corpse Economies. Eight years of hard-core
“recovery” propaganda can be very convincing.
However, as stated at the beginning, there is a
second means of proving that Western economies are mired in a Greater
Depression: energy demand – meaning the lack of energy demand in the
West.
It’s a simple equation. Economies use energy.
Growing economies use more energy. There is no exception to this
economic tautology. Even very efficient economies will require some
incremental amounts of energy to grow. And our economies are not “very efficient” from an energy standpoint – the Right Wing has fought very hard for decades to prevent this.
For our economies to grow, they must consume more energy. Western economies are not consuming more energy.
Over the past eight years, all increases in global
energy demand have come from the Rest of the World. According to the
Western media, growth rates in the Rest of the World over the past eight
years have been dismal, and those economies are using more energy.
Observe this July 2015 headline from the World Economic Forum:
The surprising decline in US petroleum consumption
The only reason this declining consumption is a
“surprise” is because the corrupt liars in the U.S. government continue
to pretend that this train-wreck economy is growing. If the U.S.
government was honest and acknowledged the U.S. Greater Depression, this
is the headline we would have seen at the WEF:
The decline in U.S. petroleum consumption is expected
Growing economies use more energy; shrinking
economies use less energy. And if the Corrupt West wasn’t using its
energy-intensive war machine so regularly, the collapse in energy demand
in the Western world would have been even more pronounced. No economy
with flat energy demand can pretend to be growing. No economy with its
interest rates set permanently at near-zero levels can pretend to be
growing. Both of those preceding statements are economic tautologies.
Absolute proof. Western economies are not growing because two absolutely
unequivocal economic fundamentals indicate such growth to be
impossible. Here is a quote from the WEF article:
Petroleum
consumption in the US was lower in 2014 than it was in 1997, despite
the fact that the economy grew almost 50% over this period.
Here is the correction to that quote:
Petroleum
consumption in the US was lower in 2014 than it was in 1997, despite
the fact that the U.S. government pretended that the economy grew almost
50% over this period. The convenient thing about imaginary economic
growth is that it requires no energy to fuel it. There has been some
small degree of divergence in the U.S. from petroleum consumption into
alternative energy sources. Putting the statement above into context,
since 1997, there has been very little real growth in the U.S. economy –
and none in the last ten years.
The U.S. national debt might have already hit $20 TRILLION by the time this article is read. And that number excludes countless $trillions of debt which previous regimes have hidden with assorted accounting frauds. This is how/why U.S. “unfunded liabilities” exceed $200 TRILLION – because significant amounts of actual debt have been transformed into mere “liabilities” via accounting fraud.
Real U.S. debt is well above $20 trillion. Real U.S. GDP is down around $10 trillion. Without this extreme, permanent accounting fraud and years and years of falsifying GDP, it would be impossible for the U.S. government to pretend that the United States wasn’t already bankrupt. Other Western economies are only in marginally better condition – while their Traitor Governments run these economies into the ground as quickly as possible.
Look at the extreme, reckless (criminal) interest rates across the Western world. Understand what those rates mean. Look at the anemic energy demand across the Western world. Understand what it means.
The Western world is mired in a Greater Depression. To people who are paying attention, it couldn’t be more obvious.
