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Gerald Celente - Economic Cover up

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posted on Oct, 30 2009 @ 04:03 PM
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Video here

More information on the cover up from The Market Ticker


Oh what a tangled web we weave....

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 3.5 percent in the third quarter of 2009, (that is, from the second quarter to the third quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.7 percent.

Looks good, right?

Hmmmm.... or is it?

Motor vehicle output added 1.66 percentage points to the third-quarter change in real GDP after adding 0.19 percentage point to the second-quarter change.

....

Real federal government consumption expenditures and gross investment increased 7.9 percent in the third quarter, compared with an increase of 11.4 percent in the second.

Ok, from this we can compute a few things.

3.5 - 1.66 - (7.9 * 30%) = -0.53%

Now let's adjust for inventories:

The change in real private inventories added 0.94 percentage point to the third-quarter change in real GDP after subtracting 1.42 percentage points from the second-quarter change.

-0.53% - 0.94% = -1.47%.


Read the entire post for more information.

There is no recovery. It's a cover up.




posted on Oct, 30 2009 @ 04:40 PM
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Originally posted by Tentickles
There is no recovery. It's a cover up.


I don't know about a cover up. But I do believe the 'recovery' is only propped up by the various bailouts. It looks like the market is starting to fall again as well.



posted on Oct, 30 2009 @ 05:00 PM
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ALot of people cannot think for themselves.

Enough said.



posted on Oct, 30 2009 @ 06:49 PM
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Ive been paying attention to Gerald Celente for a while and he talks as much sense as Ron Paul. Pay attention to this guy because he really knows what he's talking about.




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