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Prepare for The American Reset, MMT Magic Money & UBI | GDP is Not The Economy

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Prepare for The American Reset, MMT Magic Money & UBI | GDP is Not The Economy

According to the mainstream narrative, the US economy is quickly recovering from the downturn caused by lockdowns in response to the pandemic. And while the downturn was sharp and painful, it really didn’t cause any long-term economic damage.

Good times are ahead! After all, just look at the booming GDP numbers. And therein lies a problem. The GDP doesn’t really give us a good picture of what’s going on in the economy. In fact, the way the number is calculated actually hides economic damage.

Lowered FED balance sheet, higher than expected unemployment, and the stock market at levels hedge funds previously sold a lot.

Biggest tax hike in 3 decades today. And just wait until the record level margin debt starts to get called in. FED increased the balance sheet more steeply to fight bond market volatility.

Somehow it seems like banks, politics, and algorithms are one beating heart vs. retail psychology.

For the full transcript go to https://financearmageddon.blogspot.com