Hegemon USA's Dismal State Updated

by Stephen Lendman

Count the ways.

Hegemon USA is waging forever war on humanity at home by kill shots and elimination of what little remains of greatly eroded freedoms, as well as abroad by forever wars by hot and/or other means.

Its proxy war on Russia risks crossing the line to direct confrontation with nukes.

It's heading in the same direction against China -- Iran and other independent nations as well on hegemon USA's target list.

The Biden regime destroyed public health by its depopulation agenda at home and worldwide.

It's trampling on it further by rolling out a monkeypox scam -- with more of the same likely ahead.

The US economy is in recession, heading toward protracted Main Street Depression conditions.

Soaring inflation may rise to the highest level in US history by money printing madness -- exacerbated by unparalleled sanctions war on Russia.

All Western politicians lie and mass deceive with diabolical aims in mind.

Nothing they say can be taken at face value, especially not from undemocratic Dems.

Ignoring the nation in recession, the Biden regime moved the goalposts -- by changing the definition, a fake news White House statement, saying:

"What is a recession?" 

"While some maintain that two consecutive quarters of falling real GDP constitute a recession, that is neither the official definition nor the way economists evaluate the state of the business cycle (sic)." 

"Instead, both official determinations of recessions and economists' assessment of economic activity are based on a holistic look at the data--including the labor market, consumer and business spending, industrial production, and incomes (sic)." 

"Based on these data, it is unlikely that the decline in GDP in the first quarter of this year--even if followed by another GDP decline in the second quarter--indicates a recession (sic)."

On Tuesday, Biden regime press agent NYT defied reality by falsely claiming that "it's hard to say" if the US economy is in recession (sic), adding:

"The US is not in a recession (sic)."

"Most (paid to lie and mass deceive TV talking head) economists don't think the US" is in recession (sic).

But they're not sure (sic).

According to fake news by Harvard economist, Jeffrey Frankel:

"A month ago, I was writing that it was very unlikely that we are in a recession (sic)." 

"If I had to write that now, I would take out the 'very (sic).' "

The vast majority of TV talking head economists and market analysts make similar comments.

Privately, their views are highly likely to be much different.

Unemployment is much higher than officially reported numbers.

Most jobs created are part-time or temp rotten ones, paying poverty and sub-poverty wages.

Consumer confidence is rock-bottom for good reason.

Economist John Williams pulls no punches, his latest report saying the following:

"Economic, inflation, monetary and political circumstances all continue to show intensifying systemic instabilities and sharp, meaningful near-term deterioration, with rapidly mounting risk of extremely negative, inflationary, economic and financial market turmoil."

When Q II GDP is reported on Thursday, Williams expects it to show economic contraction, signaling recession following Q I's decline, adding:

"How can the US economy be fully 'recovered' and booming" as the Biden regime, the Wall Street controlled Fed and most TV talking head analysts claim when growing evidence shows otherwise.

There are plenty of reasons why things are deteriorating.

New and existing home sales are declining sharply.

April, May and June industrial production declined.

For 8 consecutive months, construction spending has been declining.

Along with 17.3% inflation, not the phony officially reported 9.1%, producer prices for finished goods are the 2nd highest in US history.

Final demand producer prices at 11.3% are near an all-time high of 11.6%.

In June, "net of inflation…real retail sales fell into quarterly and annual contractions," Williams explained.

The Conference Board index of leading economic indicators declined 4 straight months.

Growing numbers of US workers are filing for unemployment benefits.

Around half of small businesses are at risk of shutting down.

Rosy scenario proponents are wearing blinders.

Analyst Nick Giambruno explained some disturbing numbers with money printing madness in mind, saying:

If earn a dollar a second, you'll have a million (pre-tax) in 11 days.

At that pay rate, you'd need "31,688 years to make a trillion dollars."

Senator Everett Dirksen reportedly once said:

"A billion here, a billion there. Pretty soon you're talking about real money."

Substitute trillion for billion today.

Giambruno explained that it took the US over 227 years since 1776 to print $6 trillion.

Yet in months after the phony 2020 flu/covid shutdown over nothing on the Trump regime's watch, the corrupt Powell Fed printed over $6 trillion, the most massive amount of money printing madness in US history by far.

And with it, the Wall Street controlled Fed unleashed out-of-controlled inflation -- monetary madness exacerbated by unparalleled sanctions war on Russia the twin culprits.

And what's unleashed won't be easily or quickly contained -- other than by data rigging, what's longstanding practice throughout the West, especially in the US.

And this startling statistic, Giambruno explaining:

From the republic's inception "(i)t took until 1981 for the US…to rack up its first trillion in debt."

"(T)he second trillion only took four years…trillions (more) in increasingly shorter intervals."

The US Debt Clock.org shows the enormous damage done.

The US National Debt today stands at $30,605.9 trillion -- and rising second-by-second, hour-by-hour, 24/7.

At a rate of $1 dollar a second earned, "it would take over 966,484 YEARS to pay off the US federal debt," said Giambruno, because of its enormity.

And that's if no further debt was added, what's clearly not the case. 

It continues to mount exponentially.

With Wall Street controlling the nation's money and lawmakers spending it like drunken sailors on a binge, what's going on is "legalized counterfeiting," Giambruno stressed.

President Woodrow Wilson, a Princeton graduate, one-year law student and PhD in history signed the infamous Federal Reserve Act into law -- pre-Christmas eve on December 23, 1913 when he thought no one was paying attention.

When it was too late to matter, he expressed forked-tongue regret, saying:

"I have unwittingly ruined my country," calling the US: 

"One of the worst ruled...most completely controlled governments in the civilized world (run by) a small group of dominant men" -- with him top dog as president.

Wilson gave Wall Street crooks control of the nation's money, the supreme power over all others.

They've maintained control from then to the present day -- serving themselves, likeminded corporate crooks and complicit politicians like Wilson, his successors, the vast majority of congressional members, key US bureaucrats and federal judges, especially the Supremes.

The National Debt ballooned to where it's impossible to repay, especially with trillions more added to the bloated total.

In fighting inflation, the Fed is hamstrung.

It has to raise interest rates without going too far.

Setting them at a level needed to fight inflation would bankrupt the economy. 

The only solution is "reset(ting)" the system by replacing current monetary policy, according to Giambruno.

In whatever way it's done, special interests will benefit at the expense of most others -- by transferring more of the nation's wealth from Main Street to the rich, powerful and well-connected.

That's part of what the diabolical Great Reset is all about.

It's not a pretty picture and could happen sooner, not later.