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Tag Archives: GDP
By Paul Craig Roberts Source: PaulCraigRoberts.com According to official US government economic data, the US economy has been growing for 10.5 years since June of 2009. The reason that the US government can produce this false conclusion is that costs … Continue reading →
By Brandon Smith Source: Alt-Market.com There are many problems when attempting to track a faltering economy. For one, the people in government generally do not want the public to know when the system is in decline because this looks bad … Continue reading →
By Paul Craig Roberts Source: Intrepid Report The main problem with the US economy is that globalism has been deconstructing it. The offshoring of US jobs has reduced US manufacturing and industrial capability and associated innovation, research, development, supply chains, … Continue reading →
By Paul Buchheit Source: Occupy.com A White House report recently proclaimed that the “War on Poverty is largely over and a success.” United Nations Ambassador Nikki Haley said it was “ridiculous for the United Nations to examine poverty in America.” Well-positioned Americans … Continue reading →
By Michael Hudson and Chris Hedges Source: CounterPunch CHRIS HEDGES: We’re going to be discussing a great Ponzi scheme that not only defines not only the U.S. but the global economy, how we got there and where we’re going. And with me … Continue reading →
By Jack Rasmus Source: Global Research This past week the U.S. government announced the country’s economy rose in the January-March 2016 at a mere 0.5 percent annual growth rate. Since the U.S., unlike other countries, estimates its GDP based on … Continue reading →
By Paul Craig Roberts Source: Intrepid Report The US economy died when middle class jobs were offshored and when the financial system was deregulated. Jobs offshoring benefitted Wall Street, corporate executives, and shareholders, because lower labor and compliance costs resulted … Continue reading →