GDP 4.9%! Or was it...?

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Welcome to this edition of Finance U with Chris Martenson and Pual Kiker of Kiker Wealth management.

From the impressive GDP report – which seems to have been plucked out of thin air – to the intricacies of the Japanese yen, things are heating up. Japan has been trying to maintain a delicate balance. They’re attempting the tricky task of controlling both the price and quantity of money, and from where I’m sitting, it looks like they’re losing their grip on both. As always, we’re here to break it all down for you.Diving deeper, recent market behaviors have been nothing short of fascinating. We’re possibly witnessing the climax of what can only be described as a ‘super bubble’.

Remember how central banks have been stepping over boundaries since 2008? Well, it seems we might be in the last act of this financial drama. Just observe the market’s movements: investors jumping at the opportunity to purchase stocks like Google after a significant dip, hoping for another intervention from the central banks. It’s like watching a suspense movie where you’re eagerly waiting for the next twist, but you know that entails a villain jumping out of the bushes with a chainsaw.

For those who are prepared and adaptable, this is the time to shine. The market is speaking to us loud and clear, and it’s our job to understand its language.

Stay with me; there’s a lot to unpack.

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This is a companion discussion topic for the original entry at https://peakprosperity.com/gdp-4-9-or-was-it/

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This Meme Covers It Well

:slight_smile:
https://peakprosperity.com/wp-content/uploads/2023/10/Meme-that-mfer-is-not-real-gdp-1698442233.7664.jpg

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If we printed 2x to money we could probably get over 7% after we give 10% to the big guy…

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20% For 20 Year Tbill

I have a Treasurydirect account. I would not consider buying a 20 year Tbill for anything less than 20% interest.
Sometimes losing the least is the only winning path.

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Government Spending Was Up 4.6%

Plus that 4.9% GDP stat is “adjusted for inflation” which the government pretended was 3% instead of the value that ShadowStats has on their website (7% ish).
So, if the government wasn’t buying everything up and lying about inflation, we would actually be negative.
On the face of it, the US is BOOMING. SUPERMEGAWESOMESAUCE!
But reality is much harsher. This is coupled with the disturbing employment statistics that suggest that full time jobs are being replaced with lower paying part time jobs and the amount of people with multiple jobs has increased.
So, we have a rapidly shrinking economy with more people scrounging for money by taking on multiple jobs just to survive.

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So, if the government wasn’t buying everything up and lying about inflation, we would actually be negative.
Correct.
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LOL

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Manipulated Facts

Hard not to think of our friend Bret Weinstein’s thought: “Consider it a PSYOP until you can otherwise”

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What Would Yanis Varoufakis Do?

When asked he said: “save the banks, not the bankers”

“As always, should you or any of your AI force be caught or killed the secretary will disavow any knowledge of your actions. This tape will self-destruct in 5 seconds”