Posted tagged ‘Sustainable Recovery?’

“The Carrot’s In Reach:” The Myth Of A Self-Sustaining Recovery. By Charles Hugh Smith

April 8, 2013
how to move your ass

how to move your ass (Photo credit: ntenny)

This article, “The Carrot’s In Reach:” The Myth of a Self-Sustaining Recovery, by Charles Hugh Smith at, is a must read. He explains how Government spending is not investment but is consumption not backed up by production. How the Fed’s “legal”  counterfeiting of trillions of dollars is nothing more than a transfer of your production to the Government and the banks, in other words, it is theft by the two entities who receive the money first, which is the same result as “illegal” counterfeiting.

Here are a few quotes from the article.

“The reality is the mythical self-sustaining recovery is the carrot dangled
in front of a credulous public:
though we’re constantly reassured (more…)