Saturday, February 04, 2012 – by Anthony Wile, Daily Bell
Anthony Wile From the Washington Post, we learn that "January job gains have economists rethinking outlooks."
Oh, really? Last I looked, the bear leg of the larger business cycle was still in full effect. Nothing's changed in other words, since 2001 – or more pertinently 2008, when according to our elvish analysis the fiat-dollar economy, worldwide, collapsed.
How do we know it collapsed? Well, various central banks have committed possibly more than US$50 trillion since then to propping up various financial facilities. That doesn't sound very healthy, does it? Say, you go ask for a US$50 trillion loan (if you can figure out where to apply) and see whether you get it.
More on this in a minute. The idea of an up-trending of the US economy is nothing more than a bald-faced lie, the most devious kind of propaganda.
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