As discussed many times before, tracking whether a country is in or out of recession, by way of tracking GDP, makes no sense whatsoever. Real GDR would be a better metric. However the unemployment rate is an excellent proxy. And since we have unemployment plotted for the US we can answer the following question with great clarity;
Is the US in the depths of recession still? Or has it moved into the recovery phase?
As you can see there is no recovery. Or as Gerald Celente often says “Its not a recovery. Its a coverup.”
Profits were boosted with deficit spending. The stockmarket was blown up with money at almost zero interest given straight to Goldman Sachs and the other cronies. There is no recovery nor any sign of it.
Once the stimulus packages all run out there could, with a little bit of luck be some tiny drop in unemployment for awhile. But things are jacked up for this to be fleeting. The level of unfunded liabilities means that only conscious and radical policy change could bring the US out of recession.
The US will not ever get out of recession with current policy. The US will crash into anarchy on its current glide-path. There isn’t any doubt about this at all. Only radical policy reversal could, even in theory, save them now. And I don’t see any way this radical policy could happen politically. We are talking partial Jubilee, or the ease of bankruptcy laws amounting to same. We are talking a massive government culling of departments. The move towards 100% backing to end banking-parasitism.
Can any of you see all this happening at once and soon? No?
WELL NEITHER CAN I.
So we have to face the reality of collapse-to-anarchy in the US definitely. Probably in Europe too. Where does that leave the rest of us?
This is the reality we are dealing with. This isn’t even Soothsaying. Because the US could technically save themselves as I said. But I think we all agree that politically-speaking, this is so unlikely that we can rule it out for now. So the US will not be saving itself.
Make your plans accordingly. Since there really is no doubt about this.