Showing posts with label Monetary System. Show all posts
Showing posts with label Monetary System. Show all posts

Friday, February 14, 2014

Wealth Destruction and Recession Signals Obscured by Disinformation

Just because you haven't heard much about the root problems with the economy lately doesn't mean that all is well. There's a lot going on and it's getting confusing. One thing we can count on - when things get confusing, it isn't a good sign.

The politicians in Greece are releasing statements to the press that the economy is doing well and recovery is going strong. Yet the unemployment rate in Greece is now at 27.8% - it's highest rate. What's worse, the unemployment rate for youth is up to