When Is A Recession Not A Recession?
When is a recession not really a recession? The answer to that one is simple: when the government says it isn’t. Officially the post-crash U.S. recession ended in June 2009, according to the National Bureau of Economic Research. In fact, contraction of the economy (recession) has been ongoing since 2008, continues today, and is far more pronounced than official data reflects.
Evidence of the official misinformation campaign is easy to find in mainstream media outlets.From the Wall Street Journal headline:
From nbcnews.com Economy Watch headline:
As WealthCycles readers know, the ongoing efforts of government and central banks, in collusion with mainstream media, to pull the wool over the eyes of the American people is centered on a strategic campaign of misleading official statistics.
It is the responsibility of informed citizens to look beyond the headline to find the truth.