VANCOUVER ( Silver Gold Bull) -- It's impossible to cover developments in the global economy without feeling a lot like Alice in Wonderland surrounded by legions of Mad Hatters. This is especially true when covering the realm of anti-logic known as the U.S. economy.
We're told that the U.S. economy has been experiencing an
for the past 3+ years -- led by manufacturing growth -- while its energy consumption has plummeted so fast that the world's great Energy Glutton is now a
"net energy exporter"
We watch reports of U.S. homebuilders starting construction on roughly
twice as many homes
as they sell, month after month, year after year -- and then the media Mad Hatters tell us inventories of unsold new homes have been plummeting downward all this time.
We're told that U.S. Treasuries should be fetching (by far) their highest prices in history, even though the U.S. is
when using the same accounting standards it requires of its own corporations. We're told by one of the more esteemed
that Treasury prices and Treasury supply should be simultaneously increasing exponentially.
So it comes as little surprise to this "Alice in Wonderland" scribe to see Asian governments meeting to discuss a
while simultaneously the U.S. government reports
in its own economy.
Here readers must understand the U.S. propaganda machine does not deliberately produce utterly laughable propaganda that no adult with a functioning brain could possibly swallow. The whole point of producing propaganda is to make it plausible, as the more absurd the lies the sooner a propaganda machine permanently destroys its own credibility.
Thus, the serial lies coming from the U.S. government's statisticians have not become rapidly more ridiculous simply because these Liars are bored and looking to generate a few, cheap laughs. Rather, the propaganda becomes more and more absurd because it is rapidly becoming harder to stretch these statistical lies so they report anything other than "U.S. economic collapse."
This is the context for readers as we analyze two absolutely contradictory news items: A pending "food-price crisis" in Asia, and (supposedly) "zero inflation" in the U.S. Of course no one believes that inflation in the U.S. is currently "zero" at the moment -- not even the most-deluded of the Sheep unless they've never set foot in a supermarket.