The virtual economy is not even in a virtual recovery

On 8/27/2010 9:58 PM, phil scott wrote:
> We are in a net 20% to 30% contraction …floating on unpayable
> debt. The GDP figure is just a smoke screen.
>
> GDP is NOT up… its crashed.

GDP is a fake number….

The existing equation: GDP = C + I + G + (X – M)

G = Government spending,
C = Consumer spending
I = Investment spending
(X – M) Export Import spending

Government spending is just taking money from pile “C” the consumer and
putting it in pile “G” the Government where it creates nothing, then
handing it back to pile “C” and while that redistributes money it
creates no wealth. This redistribution creates no wealth, all it creates
is bigger government and that steals from “I” the Investment.

Money Velocity which is a good indicator of economic behavior, when
money is circulating too fast then we have an inflation problem, no one
wants to hold the cash long enough for it to lose value. When money
stops moving, people are hoarding it because their future is unstable.

Obama’s redistribution is a fake/phony astro-turf version of a real
economy, it’s a *virtual economy* the numbers are manipulated and the
money velocity in Obamanomics is like plastic fruit, it looks more or
less good, but has no practical use. Obama/Democrats/Government are
trying to fool you.