Blog: My Quest for the Truth of Life, by Kerminator!
by kerminator

Recession, depression or what??

Most of the news today is not based on fact, rather it follows the intent of the controllers... HUH!!

Date:   6/22/2008 2:48:25 PM   ( 16 y ) ... viewed 2908 times

 If we follow the mass media news stories we would believe that the world is burning and everyone is going to die in short order!!  This is not going to be a dressing down of all the mis information out to day; just a look at what is a depression, recession and how bad was it in the 1930's...

A recession by their rules not mine; is where two (2) or more fiscal quarters show a negative ( less than zero) return on the GNP...  Have not seen that yet in over fifty years...  One false political fact put to rest; unless you believe the Demo party line...

A depression is where a large ( more than 10% of the population is out of work and the GNP is negative...   Have not seen that one either since the 1930's...

Some facts on the "Great depression of the 1930s "   BTW: You can check all this out for yourself, if you do not believe me...

 The GNP was Negative 16%...  Comparaded to the positive 3% growth reported  so far for 2008...

 Unemployment was Negative 25%...  Compared to the 5% reported by the Labor Dept last month...

 The Dow Jones lost 85% of its value...  85%!   Compared to just  3% percent as reported by the evening news story last week... 

 So just to help you understand the whole truth and not just the political crap in this election year... 

 " Many just do not see the truth, even when it right in front of them!"    a True-ism

 Well folks compared to the recent fiscal history, it is not as bad as the Mass Media and some political parties would have you believe...    Maybe we should start not believing everything put out by the mass madia...   

 

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