Today's GDP report for 2nd quarter GDP, showed a decline of "only" 1.0%. To get a number that wasn't worse than this, however, the Government needed to employ every known mechanism to manipulate GDP. There were revisions to previous GDPs making an accurate assessment of the changes impossible. But amidst all the manipulation, an interesting reality surfaced: Net GDP for the last 3 years has been negative.
We were lied to about all of the economic "growth" that occurred in 2006 and 2007. It was a hoax to pacify middle class Americans into continuing to invest in a sinking economy, to prevent rich plutocrats from losing the money they so richly deserved to lose. Not surprisingly, the worst of the plutocratic miscreants were the banksters and investment fraudsters.
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