BillHolter.com

Bill’s Commentary:

“Let me make this easy for you. If you lie about inflation, that adjusts the GDP deflator lower which will show an increase in real GDP, very simple! Now as an aside. If you want the lower CPI numbers to be believed, just knock the shit out of gold and silver with paper contracts to ultimately suppress the price. And, if you want to suppress gold prices, silver MUST be kept in the box because it will act as a fuse for gold blowing sky high and exposing the CPI fraud. This is all so easy… get it now?”

The United States has been in a recession for years.

Many commentators cannot understand why Trump won the elections despite a robust economy. The reality is far more complex. I have repeatedly stated in my articles and TV appearances on Making Money (Fox News) and CNBC’s Squawkbox Europe that the U.S. economy was significantly weaker than the official headlines suggested. I called it a “private sector recession”.

Anyone who has delved into the supposedly solid headline figures can clearly see the real weakness of the U.S. economy. An unsustainable increase in government spending and federal debt bloated the official GDP, making gross domestic income significantly weaker than headline GDP. Additionally, the Conference Board and University of Michigan consumer confidence readings, well below 2019 and 2021 levels, indicated a stagnant economy. Significant negative revisions and concerning elements were evident in the job reports.