Just beLIEve...we're OK.........................from Rico

Two big financial LIES are being spouted by the Government and the FED. Of course, FTV parrots them:

- 1. INFLATION IS TOO LOW, SO WE'RE OK.

- 2. RECORD TAXES ARE BEING COLLECTED, SO WE'RE OK. 

 

1. Inflation? What Inflation? The FED tells us that inflation is too low, and we need more of it. No inflation to see here, move along (go grocery shopping). We're OK.

- Oil is UP 10% year to date.

- Home prices are above 2006 peak levels.

 

2. Record tax receipts are being collected. We're OK.

- The year-on-year change in corporate income tax collected has declined for three years. Corporate tax collections are driven by corporate profits. If the economy is doing well and corporations are doing well, how can this be?

- The year-on-year change in personal tax collected has been flat the last two years. If the unemployment rate is really as low as claimed, could it be that the jobs created are crappy-paying jobs?

 

THE BIG LIE. When the government 'seasonally adjusts' and 'massages' or flat-out 'fakes' their unemployment and inflation numbers, and when the FED creates massive amounts of debt and holds interest rates at artificially low levels, while BOTH contrive to BS the public by jawboning them to just "beLIEve" everything is OK, you are getting fed the BIG LIE.