Facepalm: The U.S. will power the global recovery in 2015?


“The United States is back, and ready to drive global growth in 2015.”

Ugh. That is the opening line of an AP (American Propaganda?) story published today. And nothing could be further from the truth. As we’ve seen already, oil prices are down because of a what amounts to a military agreement between the U.S. and Saudi Arabia. The dollar is strong because of currency manipulation. The 5% quarterly GDP growth is data manipulation at its best. The low gold prices are a function of currency manipulation.

And here’s the scary part. This guy may actually be right:

A pickup in global growth “is highly dependent on the assumption that the U.S. economy continues to improve,” said Douglas Porter, chief economist at Capital Markets. “If that doesn’t play out, there’s not much left for the global economy to fall back on.” (AP)

How does it make you feel to think that the hope of the word is a debt-ridden country in the midst of the biggest economic bubble in world history, with data that looks decent only because of rampant corruption and manipulation?

This is absurd. They may be able to get more time out of this farce of a system, but it won’t last forever.

At least the rest of the world already knows what’s up. That’s why a massive bank run has already started.