by Jeff Nielson, Sprott Money:
As has been noted frequently in the past, most of the business news posted by the mainstream media is a collection of economic fairy-tales which utterly pervert what is actually taking place, most particularly with respect to reporting on the Western bloc. Occasionally, however, we will get some sort of mild, pseudo-confession, which gives us just a glimpse of the economic carnage in these once-prosperous/once-affluent societies.
It is in these instances where it becomes possible to pierce the veil of propaganda, and corroborate past assessments that these nations are not only in an economic death-spiral, but they are very close to their final crash. In the case of the particular media piece cited (below); we gain this insight via several routes.
The U.S. economy hasn’t completely recovered from its last recession – what some have called the biggest since the Great Depression – but another one could be just around the corner, according to one economist.
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