The Phaserl


U.S. Economy Stagnates Even With Massive Printing

by Steven St. Angelo, SRS Rocco:

After watching the schizophrenic market reaction to St. Louis Fed Bullard’s remarks, I am amazed that the world doesn’t think we have gone completely insane. I don’t know how long this sort of Fed induced lunacy can continue, but real signs are pointing to an economy that is still stagnating even with the trillions of dollars of money printing.

In a previous article, I posted the first 4 months of energy consumption in the industrial & transportation sectors for the past three years:

According to the EIA – U.S. Energy Information Agency, industrial & transportation energy consumption in the first four months of 2012 declined compared to 2011, but picked up a little in 2013. Well, it looks like they made a few revisions and it now seems as if energy consumption in these two sectors actually declined in the first five months of 2013:

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

2 comments to U.S. Economy Stagnates Even With Massive Printing

  • Ed_B

    “I don’t know how long this sort of Fed induced lunacy can continue, but real signs are pointing to an economy that is still stagnating even with the trillions of dollars of money printing.”

    The problem, as I see it, is that money is not wealth but it is being handled as if it was. It is how we keep score in economic matters, so printing trillions of score sheets is not doing a thing to improve the game, rebuild the facilities, or bring in knowledgeable coaches.

    We have some severe structural problems in the US economy. Chief among them is that the government is simply so large now that it is literally consuming the nation. There is a great need in the US economy for carefully allocated financial resources. But business and industry are not getting what they need because FedZilla is in there, gobbling up most of it. Business and industry are productive enterprises that create real wealth, real products that people want and need, and supply real jobs. Government is not, does not, and can not do any of these things. The more money that is squandered on that which is not productive, the less there is for that which IS productive.

    The banking / financial system is also too large and in an effort to compete is creating all manner of new “financial products”. These are completely unnecessary but are being sold to the gullible as if they were. Bought any of those wondrous CDOs lately? Probably not. They seemed to be one of the bigger turds generated by the grossly obese banking system lately but they are certainly not the only ones. There are many and they only serve to generate profits for banks, insurance companies, brokers, and other financial institutions. A real economy does not need all these whiz-bang creations because it is otherwise occupied with doing real work that people want and need done, rather than all this paper shuffling. Play with paper long enough and it becomes the economy… and a house-of-cards one, at that. Sooner or later, some other bozo will pull a London Whale boo-boo and the entire worthless facade will come tumbling down a lot faster than Uncle Ben and all his boys and girls can paper over again. The central banks WILL rush in to save it, of course, never realizing that it is simply not worth saving. It is an empty shell that is pretending to be a real economy but isn’t. It needs to die and be replaced by a real economy, something that we have not had in this country for the past 25-30 years. Yes, sooner would be better than later because even more debt will be piled upon the current horrendous debt as the Fed and the Gov apply their non-fixes that will cost us all a lot and do virtually nothing. If any of us were running a company and had employees like we have in the Fed and the Gov, would we retain them? Allow me to suggest an answer: “Not only NO!, but HELL, NO!!”.

    Got gold and / or silver?

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>