Another sign post of no recovery in sight...

I'm not a big fan of government statistics... in 2007-08 I was keenly watching the Treasury receipts for signs of the downturn... I knew it was coming...and after a few months I had to realize to save each report as it came out... because it was apparent that they were not only issuing new reports each month but going back and changing previous months reports so as the information would appear consistent. With an election year... you could see the writing on the wall... but they kept the lid on just how bad the economy was long enough for people to elect a new president.

There are various reports I could point to and start picking apart... the most notably is the unemployment rate. It is almost entirely fiction at this point. They might as well say the unemployment rate is 0% and everyone is now employed... People would just have to wonder... 'I must be the only one left! They missed me!'... That of course would fall apart in a few days, maybe a few weeks but one of the rules of governance these days is lie big and loudly... and then retract quietly.

The news is very quick to immediately broadcast a press conference where they suggest the "Recovery has begun!"... yet the little squeaks of all the stories they don't cover is starting to become a rumble... from the myriad of states on the verge of bankruptcy, to the massive real estate defaults being carried by the banks, the non-existent secondary market in mortgages (the Fed is the entire market), the pending commercial real estate collapse, the continued failure of banks around the country, just to name a few...and then we have this:



$1 Trillion of money missing from state pension funds... and that's being very conservative!!! Have you noticed how many career politicians are stepping down this go'round? This may be the greatest heist in all history and more than likely it will have to be covered up by some massive tragedy...

Regardless, I'm confident we still have the winning solution... capitalism and free markets... small limited government... and Americans willing to work to help their fellow man while making a profit. Remember we can always hunt down the crooks, they can only run so far!