In an investor letter from the Hedge Fund, an organization run by one of the Republican Party’s top donors, they warned that the U.S. recovery is suspicious and being manipulated by the government.
In a letter to investors from Paul Singer’s firm, Elliott Management, the Federal government and Federal Reserve are harshly criticized, because it is believed that much of the data provided by the government concerning economic growth is being fabricated.
Singer is the founder and CEO of Elliott, organization funding Republican candidates. This year alone he has spent nearly $9 million on midterm elections, according to the Sunlight Foundation which advocates for increasing accountability within the United States government.
“A good deal of the economic and jobs growth since the crisis has been fake growth, with very little chance of being self-reinforcing and sustainable.” said Singer’s letter that was reported by Bloomberg.
According to the Washington Examiner, the Obama administration’s economic policies and the Federal Reserve’s attempts to fuel the economy through numerical easing has boosted stock markets but has not produced any strong economic growth, adding to the likelihood of a major crisis in the near future.
It states, “Nobody can predict how long governments can get away with fake growth, fake money, fake jobs, fake financial stability, fake inflation numbers and fake income growth. … When confidence is lost, that loss can be severe, sudden and simultaneous across a number of markets and sectors.”
It is uncertain to determine how long this can last without imploding, but the letter strives to expose and warn of the catastrophic outcome. The inflation measurements are particularly alarming, showing prices have risen by less than 2 percent despite the Fed’s efforts.
Consumers and producers are facing inflation that is not being recorded by the government.
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