One chart explains Obama's fake "economic recovery"

  • tj85016

    Posts: 4123

    Jun 17, 2015 3:49 AM GMT
    20150616_FedGDP_0.jpg

    US Federal Reserve balance sheet as a % of GDP

    Good job faking us out Barack, you fraud
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    Jun 17, 2015 5:25 AM GMT
    https://www.stlouisfed.org/publications/regional-economist/january-2014/the-rise-and-eventual-fall-in-the-feds-balance-sheet
    ...The current value of the balance sheet is comparable to two periods in U.S. history. In 1940, during the Great Depression, the balance sheet reached its historic maximum of 23 percent of nominal GDP. In 1946, following World War II, the balance sheet rebounded to 20.2 percent. Thus, recent levels have been seen before during trying times in national history...


    fig2_balancesheet.png
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    Jun 17, 2015 7:59 PM GMT
    ^
    Given the Great Recession was probably a once-in-a-lifetime event, it seems somewhat fraudulent to quote comparative figures from the past 19 years only. Nice to see some historical context.
  • tj85016

    Posts: 4123

    Jun 17, 2015 8:10 PM GMT
    ^^

    well if you had any clue at all, you'd know that any Fed Assets/GDP over 10% is extraordinary (and it's still rising)
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    Jun 17, 2015 8:29 PM GMT
    ^
    The Great Recession was extraordinary.
  • coolarmydude

    Posts: 9190

    Jun 18, 2015 2:37 AM GMT
    Ex_Mil8 said^
    The Great Recession was extraordinary.


    Sounds like a clue to me. icon_wink.gif
  • tj85016

    Posts: 4123

    Jun 18, 2015 2:43 AM GMT
    Ex_Mil8 said^
    The Great Recession was extraordinary.


    yeah and it's still going on, that's why they still utilize ZIRP and QE in EUrope and the US
  • venue35

    Posts: 4644

    Jun 18, 2015 1:13 PM GMT
    Wasn't the economy in a mess when he entered office??
  • WrestlerBoy

    Posts: 1903

    Jun 18, 2015 1:56 PM GMT
    tj85016 said^^

    well if you had any clue at all, you'd know that any Fed Assets/GDP over 10% is extraordinary (and it's still rising)


    And if you had any clue at all, you'd know this:


    "Federal real property totals over 900,000 assets with a combined area of over 3 billion square feet and more than 41 million acres of land. Additionally, the federal government owns over 600 million acres of lands and minerals onshore, and owns or manages a total of approximately 755 million acres of onshore subsurface mineral estate. Offshore, the federal government owns some 1.76 billion acres of lands and mineral estate, extending out 200 nautical miles from our shores. The federal government’s total mineral estate holdings are therefore about 2.515 billion acres of lands. Thus, the federal government’s mineral estate land holdings surpass the total surface land area of the nation of Canada.

    IER estimated the worth of the government’s oil and gas technically recoverable resources to the economy to be $128 trillion, ABOUT 8 TIMES OUR NATIONAL DEBT."

    SOURCE: Institute for Energy Research
    http://instituteforenergyresearch.org/analysis/federal-assets-above-and-below-ground/
  • tj85016

    Posts: 4123

    Jun 18, 2015 3:43 PM GMT
    ^^

    lol as if a government is going to use that as collateral for future borrowing - govennrments NEVER, EVER do that

  • WrestlerBoy

    Posts: 1903

    Jun 19, 2015 1:48 AM GMT
    tj85016 said^^

    lol as if a government is going to use that as collateral for future borrowing - govennrments NEVER, EVER do that



    It's ALL "smoke and mirrors", the "game" is to compare whose smoke with whose mirrors.... a game you love, but which actually "means" nothing in the real world.

    Greece is going down the toilet because it can't come up with $1.6 billion; our latest aircraft carrier cost.... $14 billion (if you don't count running it). "Poooooooof!" icon_smile.gif
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    Jun 19, 2015 1:58 AM GMT
    WrestlerBoy said
    tj85016 said^^

    lol as if a government is going to use that as collateral for future borrowing - govennrments NEVER, EVER do that



    It's ALL "smoke and mirrors", the "game" is to compare whose smoke with whose mirrors.... a game you love, but which actually "means" nothing in the real world.

    Greece is going down the toilet because it can't come up with $1.6 billion; our latest aircraft carrier cost.... $14 billion (if you don't count running it). "Poooooooof!" icon_smile.gif

    As if the cost of a US aircraft carrier is relevant.
  • tj85016

    Posts: 4123

    Jun 19, 2015 3:16 AM GMT
    WrestlerBoy said
    tj85016 said^^

    lol as if a government is going to use that as collateral for future borrowing - govennrments NEVER, EVER do that



    It's ALL "smoke and mirrors", the "game" is to compare whose smoke with whose mirrors.... a game you love, but which actually "means" nothing in the real world.

    Greece is going down the toilet because it can't come up with $1.6 billion; our latest aircraft carrier cost.... $14 billion (if you don't count running it). "Poooooooof!" icon_smile.gif


    it is all smoke and mirrors and I despise it, but all you fools would vote for Clinton or Bush or Rubio to continue this central bank run sham
  • WrestlerBoy

    Posts: 1903

    Jun 19, 2015 3:53 AM GMT
    tj85016 said
    WrestlerBoy said
    tj85016 said^^

    lol as if a government is going to use that as collateral for future borrowing - govennrments NEVER, EVER do that



    It's ALL "smoke and mirrors", the "game" is to compare whose smoke with whose mirrors.... a game you love, but which actually "means" nothing in the real world.

    Greece is going down the toilet because it can't come up with $1.6 billion; our latest aircraft carrier cost.... $14 billion (if you don't count running it). "Poooooooof!" icon_smile.gif


    it is all smoke and mirrors and I despise it, but all you fools would vote for Clinton or Bush or Rubio to continue this central bank run sham


    Oh! And I thought you knew me! The insult! I'm voting for Bernie, of course!
  • Posted by a hidden member.
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    Jun 19, 2015 5:55 AM GMT
    Still feeding the PIG??? WHY??

    A bloated US Federal Reserve prepares to shape up

    Amid another wave of feverish speculation about US interest rates Janet Yellen, chairwoman of the US Federal Reserve, confirmed on Wednesday what most observers suspected: US central bank will not raise the crucial Federal funds rate this month.

    http://www.ft.com/cms/s/0/4d30daa8-1422-11e5-9bc5-00144feabdc0.html#axzz3dU5ax400

    It's because our Dear Obama has sat on his ASS and done absolutely nothing for 8 years!!

    If the FED had not kept things moving, we would all be eating shit. Seriously!!!

    Oh, Mr. President, try to get along with CONGRESS. They are bigger than you and just a little work can achieve great results.

    LOOK OUT......
    4 Reasons Stocks Could Drop 20% This Summer

    http://www.msn.com/en-us/money/topstocks/4-reasons-stocks-could-drop-20percent-this-summer/ar-AAbMFQ4
  • coolarmydude

    Posts: 9190

    Jun 21, 2015 4:09 PM GMT
    2bnaked saidOh, Mr. President, try to get along with CONGRESS. They are bigger than you and just a little work can achieve great results.



    This is ass-backwards! Congress passes the bills and then sends over to the President to sign. The only thing the President would have to account for is the veto pen, not Congress' inaction. This is just scapegoating an inept Republican Congress.
  • rnch

    Posts: 11524

    Jun 21, 2015 9:26 PM GMT
    "You can prove ANYTHING with statistics."----Homer J. Simpson






    icon_lol.gif
  • Posted by a hidden member.
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    Jun 21, 2015 9:46 PM GMT
    coolarmydude said
    2bnaked saidOh, Mr. President, try to get along with CONGRESS. They are bigger than you and just a little work can achieve great results.

    This is ass-backwards! Congress passes the bills and then sends over to the President to sign. The only thing the President would have to account for is the veto pen, not Congress' inaction. This is just scapegoating an inept Republican Congress.

    +1
  • Posted by a hidden member.
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    Jun 22, 2015 8:06 PM GMT
    venue35 saidWasn't the economy in a mess when he entered office??


    It is a miracle the cupboard wasn't completely bare, given W spent an estimated $6,000,000,000,000 of your money on his family folly war.