by Brandon Smith, Alt Market:

From Brandon Smith

The signs of the coming economic contraction are already both present and obvious, but the overall economic picture probably won’t be acknowledged in the mainstream until the situation becomes much worse.

It’s a problem that arises at the onset of every historic financial crisis – mainstream economists and cable-news commentators deliberately mislead the public about the severity of the challenges and the chances of recovery. They feed their audiences false reassurances in the hope of lulling people back to sleep.