Friday, August 2, 2013
Controlling the narrative
It's all the main stream media. Fox, CNBC, The New York Times, The Wall Street Journal, CNN, ABC, Bloomberg, whatever.
And it's all one story: Things are getting better.
Sure, things were tough. Sure, we had some sort of crisis a few years back. But that's all behind us. Sure, there will be a few bumps in the road. Nothing goes in a straight line.
But, sure as shooting, things are getting better.
Maybe GDP is mired at about 1.5 percent - that is if you pretend there's no inflation to speak of. But what the hey, that's growth, isn't it? In fact considering all the HEADWINDS - that type of growth is really super duper IMPRESSIVE. And way BETTER THAN EXPECTATIONS!!!!!!!
The economy is RESILIENT. The American worker is INNOVATIVE.
Any Growth is better than no growth. We'll take it.
Sure, we're only adding about 160,000 jobs a month - and that's only if you count in jobs added by the BLS Birth Death Ratio that guestimates those 160,000 jobs that really don't appear in any survey. And so what if that's not even enough jobs to accommodate new workers entering the work force each month.
Gee whilikers, why split hairs? Some jobs are better than no jobs, even if they're imaginary. And considering all the HEADWINDS that type of growth is way BETTER THAN EXPECTATIONS!!!!!
Jobs are good. We'll take it. The economy is RESILIENT.
Sure worker's earnings are declining. They're nearly 10 percent lower than at the bottom of the Crisis way back in 2008. But there are still earnings, aren't there. Nobody's starving. In fact some people are very very rich.
In fact, this is the RICHEST NATION ON EARTH!!!!!! (so what if it's also the most indebted nation in the history of earth.)
And the Banks are doing great. Sure it's all because of money they're gambling in the risk markets. But hey! Would you rather they went broke? That would be terrible for all of us.
That's the message. I don't have to tell you. You hear it everyday.
And I guess people are buying it.
And as long as the Banks, and the Pols and the Main stream Media sell you this message the stock market will stay strong, and gold will languish.
But somewhere along the line someone is bound to notice....