The books "they don't want you to read":
"NO MORE TAXES" and
"WORLD PROBLEMS, SOLUTIONS, and a PLAN"
ARTICLE: 7 June 2014
The REAL STORY of 1st Quarter U.S. Growth
How much did the U.S. economy manage to "grow" in the first quarter of 2014?
According to the government's revised estimate - negative One percent. I always
wait for their "revised estimate". This means that after more than $800 billion
in stimulus spending from Washington; more than $3 trillion of QE from the Federal
Reserve; six-plus years of record-low interest rates; record levels of monetary
intervention in the U.K., Japan and Europe; and the biggest bailouts in the history
of the world - the U.S. economy shrunk by 1 percent.
How PATHETIC is that!?!? That is the worst quarter in 3 years! And yet the U.S.
Stock Market is edging its way ever higher in Overbought Territory. Does that
sound like a stable economy to you? Worthy of a sustainable Stock Market evaluation?
Surely traders will discover this en-masse and start dumping their worthless paper
and IOUs. Right now, the ONLY logical explanation for any market growth is due to
massive takeovers, stock buybacks, and job cuts. These are called shareholder
friendly actions. How long do you think that will last? Can stocks continue to
rally if there is no growth?
How can Investors put that much faith in this kind of a market? Perhaps it is
not the investors, so much as it is the Money Managers of Funds. What investors,
and people in general, need to understand is that Economic Theory is just that -
Theory! Those who would like to tell you that they possess all the answers to
your money problems, and that their "theory" is the ONLY correct one for any and all
circumstances are full of BS. Besides mature people trying to invest and grow
their portfolios, I can't help but think of the younger generation.
What is a young person to think when considering college and going in debt for
$35,000 to $55,000 or more for the next 15 years of their life? How are they
going to pay off that debt if they can't get a job? Should they be pushing that
button for "max loan" without a wit of understanding the consequences? Surely
not, but Thank God the enrollments are down for Lawyer School. In fact, some
are being sued for lying about the prospects. Who is lying to these people prior
to choosing that non-profession of Decepticons. The U.S. has more Lawyers than
any country; more people in jail than any country; and with ONLY 5% of the
world's population, consumes more than 55% of Big Pharma's drugs causing massive
numbers of deaths including suicides.
Meanwhile Big Brother is watching you and building massive database entries on
every person. Does what I'm writing herein make me a Terrorist? After reading
my PSP book, you will know who the REAL Terrorists are! But if we work together,
spreading the word and coming to a consensus on the Problems, Solutions, and a
Plan - we can indeed change the direction of mankind to a sustainable, peaceful
future for all mankind and his environment.
Stephen R. Renfrow©
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