The economy did not grow!

The propagandists are out again claiming that the economy grew in Q4 last year.

It did not grow.  One has to keep in mind that GDP is a measure of spending.  With the trillions that have been borrowed and spent by the Obama administration it is not surprising that would show up in the GDP.

The reality is that the country continues to lose jobs, there is no manufacturing base, the US consistently runs massive trade deficits (we buy more than we sell) and Obama has been increasing spending deficits and the debt more than any other in the history of the world.

How is it possible that the economy could grow?  Saying that is like saying that someone who is in debt should go out and max-out their remaining lines of credt, get some more cards and max those out, take out a second mortgage and spend it all on a vacation.  That way when their statements come they can look and say, wow, look at how much my econoomic activity grew, I must be doing great!

That may seem ridiculously silly but it is in fact exactly what has been going on.  The time is not long before all of that stops because nobody is willing to give that person any more money and that holds for countries as well.  The Chinese just dumped almost $40B in US treasuries, they are not buying more, they have plans to buy nearly 200 metric tons of gold from the IMF and they have already chastised Obama and Geithner for their inept economic policies.  Chinese students actually laughed out loud at Geither during his presentation.  And the rest of the world is talking about moving away from the US$ as the reserve currency.

This economy is a sham and the rest of the world is waking up to that and when they do this country will be left in utter shambles.  It will look a lot like Chavez’s Venezuela, Castro’s Cuba, the USSR or any of the other socialist states that have failed so miserably.

The government is doing everything in its power to perpetuate the failed policies of the past and preserve the economic slavery that it has been imposing upon the Americans.  It does not work, it never has worked and it never will work.  Hopefully Americans will wake up to that and change things before the rest of the world does.

[Via http://nietzscheshammer.wordpress.com]