10 Reasons Why The “Economic Recovery” Is a Fraud

Americans have been continually deceived about the true state of the financial system

Dees Illsutration

Paul Joseph Watson
Prison Planet

Yesterday’s so-called “horror” show for the US economy with the release of new data illustrating how the economic “recovery” has all but ground to a halt was met with feigned astonishment and shock by the establishment media, and yet for the past two years the public has been continually deceived about the true state of the financial system.

All the hot air about an “economic recovery” has served to hide the fact that the United States is slipping back into a double-dip recession, if not a second “great depression,” as market strategist Peter Yastrow told CNBC yesterday.

US recovery slows, fueling stagnation fears

A home is for sale in Glendale, California, in May
© AFP/File Robyn Beck

AFP

WASHINGTON (AFP) - Revelations that key sectors of the US economy were pummeled last month have rekindled fears that the world's largest economy faces protracted high unemployment and lackluster growth.

Exactly two years after the recession officially ended, weakness in the jobs, housing and manufacturing sectors left economists scrambling to downgrade their growth predictions on Wednesday.

"This week is the most important week for assessing the strength of the May economy, and growth is looking much softer than we were forecasting," said John Ryding and Conrad DeQuadros of RDQ Economics.

Celente predicts gold standard won't save US economy

Gerald Celente - Trends Journal

Terence Aym
Helium

Sometimes controversial trends analyzer Gerald Celente is forecasting that a return to the gold standard will not be enough to save the US economy from collapsing.

Celente is the publisher of Trends Journal and a consultant and adviser to many of America's top corporations. Celente has no ax to grind and calls himself a political atheist. An author, Celente appears regularly on many of the mainstream media's most watched news programs. He is prolific with his predictions on emerging trends concerning global finances and major historic turning points.

Recently he was asked his opinion on the idea of the US returning to the gold standard.

Although a solid core of gold bugs have advocated the US return to the gold standard for decades, many economists thought the idea radical and unworkable in the changing world economy. Now, however, more people and states are seriously considering the idea to stabilize the dollar and forestall a future currency crisis such as that experienced by the German Republic during the 1920s.

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