The False Economic Recovery Narrative Will Die In 2017

Tyler Durden's picture

Submitted by Brandon Smith via,

Yes, the narrative of the “new normal” has been around for so long now that many people have simply grown used to it. The assumption is that the fiscal “new normal” has become the fiscal “normal,” and though the fundamentals continue to strain under the weight of poor global demand and historic debt levitated by extraneous fiat stimulus, the masses feel far less fear than is warranted. Hey, why should they? We’ve managed around eight years skating on thin ice, why shouldn’t we expect eight more years of the same?

The banking elites have done the job they set out to do, which was to drive the economy to the very edge of the financial cliff, and then keep it suspended there until the general public became comfortable living next door to the abyss.

Why do this? Well, the greater dynamic at play here is something the average person will not understand or refuses to examine — economics today is about mass psychology. The economy is a tool, or a weapon, by which international financiers can influence the public mind and the emotions of the mob. In order to grasp the mechanics of economics it is not enough to deal in statistics and trade principles; one must also grasp human behavior and how it is manipulated. One must acknowledge that in economics we witness the transmutation of societies by word and by force, by chaos and by order. Economics is alchemy.

The globalists (in their twisted view) seek to change lead into gold, and just as in alchemy, these elements are a metaphor for psychological evolution. For the globalists, social engineering is a form of witchcraft; they see it as creation, or a grand form of architecture.

But it is not creation. The globalists are incapable of such art because true art requires wisdom and empathy. All they know is how to deconstruct existing systems generated by nature and free men and rearrange the shattered pieces into something more oppressive and ultimately less interesting than what existed before. Give the internationalists a Mona Lisa and they will shred it, reconstitute it and regurgitate a paint by numbers coloring book.

The globalists only know how to turn gold into lead.

If you do not understand the reality of globalist influence in markets and the nature of economics as a weapon; if you actually believe that the economy operates purely on some kind of free-roaming free market principles, then you will never be able to wrap your head around the otherwise absurd behavior of our financial structure.

The psychology of fiscal “recovery” is a vital tool for change and for developing false dichotomies. For example, I recently came across this article from the pervasive propaganda hub of Bloomberg. In it, Bloomberg outlines a story we are by now very used to hearing from the mainstream — that the presidential era of Barack Obama has left the economy of the U.S. in particular in “far better shape” as he leaves office than when he entered office.

Now, anyone who has been reading my analysis for at least the past six months (if not the past ten years) knows exactly what I think about the current state of the economy and what is likely to happen in the near future. For those new to my position, here is a very quick summary along with linked evidence supporting my claims:

From the 1990’s leading into the year 2007, the Federal Reserve engineered a massive debt and derivatives bubble through the use of artificially low interest rates in the housing market. Alan Greenspan, the presiding Fed chairman at the time, openly admitted in interviews that the central bank KNEW an irrational bubble had formed, but claims they assumed the negative factors would “wash out.” This is a constant meme set forward by the Fed — that they were essentially too stupid to foresee a collapse of the bubble they knew they had created. They prefer that the public believes that the Fed was “incompetent” rather than deliberately destructive.


The low rates fueled a machine of mortgage backed securities and derivatives based on trillions of dollars in loans to people that had no ability or no intention of ever paying them back. The Fed had aid in this program from the ratings agencies, which labeled obviously toxic debt as AAA for years, and the SEC, which refused to investigate any legitimate claims of asset manipulation and ill intent. This corrupt behavior on the part of the SEC was showcased in the testimony of SEC whistle blower Gary J. Aguirre, who warned of dangerous debt pools and manipulation within the banking industry in 2006 before the derivatives collapse and also warned that the SEC interfered with any investigation attempts into the problem.


This led to the well known “Great Recession” triggered in 2007/2008. The Fed along with numerous other central banks around the world had conjured a crisis and then offered their own solution to that crisis. Namely, the solution of massive fiat stimulus programs purchasing toxic debt, treasury bonds, corporate stocks and anything else that wasn’t nailed down.


The “bailouts” and quantitative easing projects, however, were actually cover for a far larger program of untold trillions in overnight loans to corporations, domestic and foreign.  A never-ending river of dollars created out of thin air and pumped into companies for near zero interest. It was these free overnight loans that allowed international conglomerates to sidestep the monstrous black hole of derivatives debt they were circling and purchase their own stocks through stock buybacks, thus reducing the number of existing stocks on the exchanges and artificially boosting the price of the remaining stocks. This caused stock markets to skyrocket from near death to historic highs.


In the meantime, government bureaucracy has worked tirelessly to manipulate statistics to falsely reflect an overall recovery. The stock market is much easier to manipulate than the fundamentals, so, the fundamentals must be misrepresented.  While some numbers slip through the cracks and issues of true supply and demand continue, the vast majority of the populace has little clue that the collapse of 2008 never actually stopped, it was just shifted into a state of slow motion.


The Fed’s low interest rates, specifically on overnight loans, has allowed the economy to sputter along for eight years, and has greatly enriched the top .01% in the process. But now, their strategy is changing.


The problem is that stimulus has a shelf life, and while certain stats can be skewed and the stock market can be inflated for a time, eventually, consequences must be accepted in the real economy for attempting to defy gravity for so long.


The initial collapse was designed to foster an even greater event. Without the derivatives bubble, the central bankers never could have convinced the masses to accept the idea of a fiat stimulus bubble which would eventually put the dollar at risk, along with the overall U.S economy. Taking the brunt of the 2008 crash would have been painful, but not insurmountable. But with eight more years and tens of trillions in added debt along with increased geopolitical tensions and an equities bubble for the ages, the scale of the final stage of collapse will be truly unprecedented.


The purpose of this final event will be to generate so much chaos and desperation that the public will be compelled to search for extraordinary solutions. The globalists will be ready with those solutions, including those they have openly outlined decades in advance in publications like The Economist.


The end game? The formation of a single monetary and economic authority under the management of the International Monetary Fund, and the establishment of a single global currency using the IMF’s Special Drawing Rights as a “bridge” for locking national currencies into a harmonized exchange rate until they eventually become pointless, interchangeable and replaceable.


The problem is, the globalists cannot possibly initiate this end game in a vacuum, otherwise, they would take the blame for the inevitable collateral damage to people’s lives as their “great global reset” is undertaken. The globalists need a scapegoat.


Enter Donald Trump, the Brexit Referendum, and the rise of “populist” movements. For the entire first half of 2016, globalists were “warning” non-stop that a rise in populism (conservatives and sovereignty champions) would result in international financial catastrophe. It was as if they KNEW that the Brexit would succeed and that Donald Trump would win the election…

This has been my position for the past half year — that globalists were planning to allow conservative and sovereignty movements to take the reigns of power, that they would allow the passage of the Brexit and the rise of Trump, just before they pull the plug on the system’s life support. The Federal Reserve in particular has already launched the final phase by beginning a series of rate hikes which will remove the safety net of free and cheap overnight loans to companies, thereby sabotaging equities markets. I specifically warned about this over a year ago when most analysts were stating that negative rates and QE4 were “just around the corner.”

And this is where we are today. As noted above, Bloomberg writes an interesting bit of propaganda starting with a bit of truth. Here’s the beginning quote from their article:

“Research suggests factors beyond the control of any U.S. president, not their actual policies, set the course of the economy. Yet with voters, President-Elect Donald Trump will secure much of the praise or blame when it comes to the impact of his agenda over the next four years.”

The recovery narrative from 2008 to today was imperative to the globalist’s greater agenda. For a considerable portion of the public must be made to believe that under a socialist and decidedly globalist president (Barack Obama) the general trend in the economy was positive and that “things were getting better.” The rise of conservative movements today sets the stage for the final collapse and the IMF’s great reset, in which conservatives and sovereignty activists will be blamed, whether there is any evidence of culpability or not, for the crash that the globalists have spent the better part of two decades setting in motion.

After the dust has settled, the argument will be that the world was "on course" before the Brexit, before Trump and before populism. The argument will be that globalism was working and conservatives screwed it up with their selfish nationalist endeavors. After the final crash and perhaps numerous deaths from poverty and violence, the argument will be that the only conceivable solution must be a return to globalism in an extreme form; or total global centralization, so that such a tragedy will never happen again.

Bloomberg helps to set up the scenario, by claiming that Trump is “inheriting” a stable and improving economy compared to the economy that Barack Obama inherited:

“While today’s economy is a mixed bag by historical standards, one thing is clear: Obama has left Trump a 2016 economy in a better state, by many measures, than when he was first elected president in 2008 in the middle of the worst downturn since the Great Depression.”

Of course, Bloomberg fails to mention that the standards and statistics by which they measure economic “improvement” are entirely fraudulent.

For example, real GDP is at -2 percent, not +2 percent as Bloomberg claims, when one calculates for distortions such as government spending, which is counted towards GDP even though government does not actually produce anything. Government can only steal productivity from citizens and reassign that wealth elsewhere.

Bloomberg also cites a vastly improved unemployment rate. They once again refuse to bring up the fact that over 95 MILLION Americans are no longer counted as unemployed by the Bureau of Labor Statistics because they have been jobless for so long they do not qualify to be included on the rolls. This lie of reduced unemployment has been pervasive through the entirety of the Obama Administration.

Bloomberg then mentions a greatly improved housing market that Trump will enjoy when he takes office. They certainly do not include the fact that pending home sales are now plummeting and home ownership rates in the U.S. are so low you have to go back to 1965 to match them.   They do not mention that the majority of the boost in home sales during Obama’s two terms was due to corporations like Blackstone buying up distressed mortgages and turning the homes into rentals. The housing market is NOT being supported by individuals and families seeking home ownership, but corporations snatching up real estate on the cheap and driving up prices.  Wall Street is now America's landlord.

And there you have it. The globalist setup continues with mainstream outlets telling Americans that the economy is in ascension as Trump and populists move into positions of power, when in truth the economy is as dire as it ever was if not worse off. To add to the theater, Donald Trump has ventured to take credit for the sharp rise in stocks and the impression of improving economic stats.  In one of his latest tweets just after Christmas, he had this to say:

"The world was gloomy before I won - there was no hope. Now the market is up nearly 10% and Christmas spending is over a trillion dollars!"

Now, if you know anything about the true fiscal situation, you would think this statement is a severely idiotic move by Trump.  No incoming president with any sense would try to take credit for the largest equities bubble in history.  But, take credit is essentially what he did.  That said, if you ALSO understand that the globalist narrative is engineered so that conservatives take the blame for the coming crash, AND if you believe that Trump is knowingly participating in this narrative (as I now do after he lied about "draining the swamp" and front loaded his cabinet with banking elites), then Trump's statement makes perfect sense.  Trump is playing the role of a future bumbling villain, the populist maniac who gets too big for his britches and brings disaster down on people's heads.

The false recovery narrative will indeed die in 2017, and it will be because the globalists WANT it to die while nationalists are at the helm. This is perhaps the biggest con game in recent history; with conservatives as the fall guy and the rest of the public as the gullible mark. One can only hope that we can educate enough people on this scenario to make a difference before it is too late.


Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
JungleCat's picture

When you fake the data, the "recovery" goes on forever.

Truther's picture

Fuck'em all. Globalists and Libtards. Had enough of this shit show.

tazs's picture
tazs (not verified) Truther Jan 6, 2017 10:39 PM

"It was as if they KNEW Donald Trump would win..."

Of course they KNEW. They bought it for him.

stizazz's picture

And he'll make it worth their while too. Corruption will be rampant as he takes it all down.

gmrpeabody's picture

So simple that nobody would believe it...

Haus-Targaryen's picture

Its a good theory, and one that I partially share -- save one caveat.  

The rise in popular support for "nationalists" in Europe would benefit from an economic collapse, not suffer because of it.  This article was definitely written from an American perspective, which I can emphatize with.  I have however, lived long enough abroad to differentiate between the two.  

I think this IS their plan, and this is what they are hoping will happen.  However, their goal is not "world domination" in one feil swoop.  These people are patient.  These people will sit on their hands for decades (and in our case over a century) to attain their goals.  I think the next collapse is meant to usher in a "One world government" among the Anglo-Saxon nations in the Northern Hemisphere FIRST.  

If you look at political trends, despite the Trump and BREXIT wins, the "we need a bigger welfare state and we love globalism" is a growing movement in the United States and most other Anglo-Saxon nations.  It isn't shrinking.  In non-Anglo-Saxon Europe the "we need a bigger welfare state and we love globalism" is a shrinking movement.  The current set of governments is and has been controlled by these groups for decades now and will fall on their sword when the economy hits a wall, with their opposition -- the Nationalists benefitting from it.  

You'll see fracturing -- a very violent Europe as "we" sort out our "demographic" problems that becomes even more nationalistic while in the Anglo-Saxon world you'll see the Socialists come out of the wood-work to take power.  

Their goal (my opinion) is to get the Anglo-Saxon world over to the "Socialist/Globalist" side of things first (as this was the problem child last go around (1917-1991)) and then focus on Europe thereafter.  

GreatUncle's picture

Most people are realising the globalists are creating all the problems and those in power that support them.

Pinch's picture

You bet,no more recovery when Swampy takes orifice. lol

yogibear's picture

The libtard snowflakes hate Trump. They use their Marxist central planners, the DNC, to get their thoughts and opinions.

Trump will take all the heat for Obama's hidden economic downturn. Obama falsified numbers and piled on the debt.

You can only pile on shit for so long until it stinks.

MalteseFalcon's picture

Global growth has peaked. 

The formula doesn't work anymore.

Enough of the elite now understand this.

It's time to secure the biggest piece of the shrinking pie in a safe place.

Some will want to make Trump a scapegoat for any fallout, but we've seen how productive their efforts are to date.


Trump will simply keep the people informed about how some of the elite are trying to screw him and the people.

I wouldn't want to be among the last people on the "globalism train".

The tar and feathers will be for them and I've got my popcorn.


HockeyFool's picture

"If you believe that Trump is knowingly participating in this narrative (as I now do after he lied about "draining the swamp"

He was doing pretty well until he said this. Trump is not even in office and he is getting blamed for shit that hasn't yet happened. wtf?

runningman18's picture

He lied about draining the swamp and is working hand in hand with Goldman Sachs banksters.  That is more than enough to judge him on already. 

MalteseFalcon's picture

In an interview with the MSM Newt Gingrich said Trump was abandoning the "drain the swamp" meme.

The next day Trump was on Twitter stating that "drain the swamp" is still on.

And his subsequent actions underline that point.

You need to keep up.

runningman18's picture

Rhetoric is fucking meaningless.  Trump can say "drain the swamp" all day but the fact remains that he filled his cabinet with Golman Sachs boys and Neo-cons, which makes him a liar.  There's no way around it.  You need to develop some simple logic there, bud.   

new game's picture

every good story must have a villan. but what we have is reality vs false narrative. this is breaking down(thanks to twikileaks). polls tell us this.

but with literaly a million moving parts, the economy can be simplified to debt and service of debt. unless it is discharged or simply reset to a workable number, the charade will implode.

enter the donald with expertise in resets, bankruptcy extraordinaire. so we shall see. a white swan of negotiated debt forgiven by force.

china? are you tuned in?

toady's picture

Yeah, I think Trumps bankruptcy experience is his key asset for the job, but can anyone really pull off a bankruptcy at this level, were talking quadrillions here..... it'll be a miracle, or WWIII.

EmeraldWI's picture

The article rewrites history. 

Debt from the 1990's? Reagan = Debt.

No intention of repaying loans? Rising incomes ended. Bankruptcy reform legislation meant no defaults on credit cards capturing repayment to card banks and jeopardizing mortgage payments.

Artificially low interest rates? The 200 year average long term rate is a little over 5%.

Recalculating GDP? C+I+Y+G forever unless you consider a Republican change from GNP... - Ex

Trump the liar won't make it to the 4th of July--his "facts" look like this BS--probably fake news from the new order.


runningman18's picture

The article is dead on, and what the hell are you talking about anyway?  Reagan was run by the same banksters as Clinton and Bush - you have no point to make because you don't even understand the false left/right paradigm.  Plus, your 200 year average is horseshit.  You have to look year to year and decade to decade.  Averaging interest rates over two centuries is pretty retarded because multiple economic factors come into play from era to era and each era requires different rates for different demand conditions.  Interest rates in the 90's were considerably reduced from the 80's, an action that wasn't in correspondence to the needs of the time unless you're a bankster in need of a huge debt bubble.  Greenspan himself admitted the rate decrease caused the mortgage bubble and you're here trying to blame who? Reagan?  How about we blame the central bankers - you know the guys who fucking admit to causing the problem, you dope.      

MalteseFalcon's picture

I agree with you.

"Reagan was run by the same banksters as Clinton and Bush"

Yes, after they shot Reagan.

EmeraldWI's picture

Real incomes began to fall/stagnate in the Reagan administration. The Fed raising interest rates to supposedly combat inflation in the early 1980's moved employment lower. The tradeoff of the modified Phillips curve was changed permanently and muted by shifting the curve inward through immigration, women in the workforce and declining union labor.

Individuals believe (depending upon age) that they will earn more next year than in the year before. When incomes stagnated, consumer debt increased in order to maintain the prior standard of living . From the consumer's perspective, it was a temporary situation given all options. But, in 2004 (9/11 happened/created and prevented immediate passage), the options for consumers changed as GW Bush (on behalf of MBNA and others) signed Bankruptcy Reform legislation with the help of a vote from Hillary Clinton. This massive consumer debt that jeopardized banks' existence, was now a legal obligation under a 13 filing instead of a 7 filing.  The only source for consumers to tap was the equity in their home. As incomes continued to fall and the expectation of higher incomes still in place, the banks received their credit card debt repayment from the equity in American's homes. Banks' solvency had been restored, but only until the mortgage crisis, that they created. And yes, they have now placed the bad debt of the world that they created, with the governments of the world.  Interest rates are simply a reward for deferred consumption. As a tool for any other use, it leads to the destruction of the underlying commodity. Only with the arrest of banksters, real full employment and rising incomes with fair taxation can this problem be solved. This is an income crisis not a debt crisis.
runningman18's picture

Nonsense.  The fed hike had nothing to do with inflation or Reagan and everything to do with pumping up a mortgage bubble through the 1990s and early 2000s.  If anything, the mortgage bubble created extreme price inflation across the board from properties to houshold goods.  You have it all backwards, my friend.  Probably because you ignorantly seek to place blame on one party over the other while overlooking the false left/right paradigm and the fact that central banks deliberately destroy economies.  That's what they are made to do.   

EmeraldWI's picture

Note that I said Hillary voted for BK Reform. And MBNA wrote the legislation and gave it to Grassley and then set a record for contributions to GW Bush. Central Banks save themselves and are the paymasters. Destroying economies is a side effect of big banks paying (mostly republicans) to change the rules to convenience themselves.

runningman18's picture

Hillary is a banking puppet, this is established fact.  So is Obama.  Voting for "reform" is a meaningless action when you get paid hundreds of thousands of dollars by Goldman Sachs to give speeches.  Once again, your lack of insight into the false left/right paradigm makes you blind and dumb to the real problem, which is the banksters themselves, not one political party or the other.   

Blythes Master's picture

<~~~ I'm sick of this serial spamming douche tasz

<~~~ I'm ok being spammed with bullshit

Blythes Master's picture

Brandon is spot on. Interesting the fed choose now to raise rates after all these years of fake believe.

drendebe10's picture

Yup. Fukemall. Time to sand paper their skin off & bury the turds in salt. Fukemall 

DavidC's picture

Yup. See my comment below.


847328_3527's picture

Obama and his gang have left Trump a "shit sandwich" of a nation for sure.

WTFUD's picture

Feasting's not strong enough , gorging is more appropriate, not to take anything away from your important informative post.

adr's picture

Now you know what really goes on behind closed doors at the Bildeberg. 

Perhaps that is how Hillary went from walking dead to spry after a quick stay at "Chelsea's" house. 

Harvesting organs,  blood transfusions, etc is all real. Do you really think these people naturally make it to their higher '90s and over 100? Not a chance. 

The problem is you eventually get to the point that what is left is disintegrating faster than you can rehabilitate. 

ebworthen's picture

Zero mention in the MSM of the 91 million out of the Labor Force.

Just millions of food service and other part-time "jobs" added.

Does anyone hear on the street that things are "awesome"?

I don't.  I hear no one can pay their bills.

Scraping by each and every month.

BabaLooey's picture

...and some asshole down arrowed you.

Most likely a paid Soros troll, some government stooge, a Soetero taint licker....

or simply plain fucking stupid.

GreatUncle's picture

And why people are becoming popularist.

Now who are all the creditors, holding all the value, worth etc. the globalists of course.

So who stole it all?

Their narrative to flip a collapse for them to emerge as knights in shining armour have a problem, they are seen to be the bad guys here and the likes of Trump and BREXIT the good ones. UK economy sohuld have tanked, it didn't for they know that the previous 40 years of crap come home to roost. Even now the current traitorous May can't shake the concept of what they have done.

If they had the narrative, life was good, the Russians a threat to that quality of life we would be in WW3 by now! They don't, life is shit for alot of people so some Russian is going to make it worse? Really ... Then look at the real truth and you realise all the narrative they spout is a pack of lies.

Hence all government workers in all areas are really no more than paid mercenaries for the globalists. Now to that IC guy Clapper, I do admire the work intelligence agencies do ... fucking awesome TBH ... PROBLEM IS THEY ARE ON THE SIDE OF THOSE FUCKING OVER THE POPULATION AS GLOBALIST SHILLS.

drendebe10's picture

Mission accomplished by the illegal Indonesian kenyan alien muslim fudgepacker imbecile.

ZH Snob's picture

even though brandon is probably correct, I'd still rather have trump than hillary.  I just couldn't take any more of this phony stagflation.  at least with trump, whatever they throw at him (and us) we move on into an untried future.

and who knows?  maybe it won't turn the way they planned.  the trump card might upset the whole deck.

NoWayJose's picture

Flipped over to Fox in order to catch Hannity for the updates on Florida and since I was a minute early I got a pleasant surprise - Megan Kelly saying goodbye at the end (literally) of her show. Adios Bitcha!

Truther's picture

Once a fake, always a fake.

Kelly tops the list.

Berspankme's picture

Was she wearing the strapon outside her dress or inside?

dogfish's picture

Sorry to change the subject but why would any body want to have this spy device in thier home or car.

NewHugh's picture

It comes with a printer that will immediately issue you a speeding ticket when you exceed the limit.

new game's picture

we are, as a society, walking like zombies with arms outstreached, towards a cage. once inside the mind will be completely controlled to further the programing of spend, spend, spend. since the mind has been programmed that this the subset of pleasure, all will be fullfilled until the digital bill arrives and can't be paid by the digital money put in the account. the real prizon is digital debt. of course the soultion is to work for amazon and get great benifits to meet these minimum digital payments.

i see a walmart trend here. enter the government to subsidize this enviable lifestyle, LOL, ...

amazon fulfillment position. lol, nice choice of words...

DavidC's picture

As we've had since 2008 with all the shit that's gone with it (apologies for my language) why should 2017 be any different? People have been saying the same every year since then?

And yes, I'm mega bearish. And yes, I am almost worn out with feeling this way, particularly after today's ramp up to 20,000 on the Dow (well, to within a gnat's whisker) on NOTHING job data wise and with other crap data coming out.

Or am I missing something?


Truther's picture

No, just batten down the hatches, lock and load, get the popcorn, and watch the shit show unfold.

Doña K's picture

With all this debt, gold should be $20k/oz

GreatUncle's picture

Looking at what it will be collateral for in a collapsed FIAT moving to an asset backed world ... it may be alot fucking more.

Everyone mentions total $ as the problem here, sum all the fiat of 190 countries, hidden shit in everything.

That 250x gold ETF's oh dear you might want to consider multiples of the current value way higher too.

I don't think you can put a price on it, although as the dust settles an oz of gold will likely be tradeable as the same as it was in Roman times for loaves of bread, roof over your head, etc.

peippe's picture

can't live in a gold house, 

drive a gold car, 

eat a gold burrito,

get a golden hip replacement.

Why people think an element on the periodic table is a savior is beyond me,

it's good for dental/electrical/jewelry applications, 

I suppose a bar COULD be used as a weapon?.......

Dugald's picture


But what if you are called on to pop the hatch and DO something.....?

Mass_hysteria's picture
Mass_hysteria (not verified) Jan 6, 2017 10:05 PM

20 trillion debt 

100 trillion future promises


over 100% debt/gdp ratio.


america is going to hell, as well as many eu countries. look at fiscal policy and demographics and you will see the future. i dont need to be a goldman sach or a fed jew to understand what is going on with economy. im a noob with economy, but i understand the basic. and i don't get paid and i dont want to go on tv and talk shit and lie to people.


bad tiems are coming...very bad...prepare m8's, get out of the matrix while you still can. time is running out

DavidC's picture

Meanwhile Russia on a 17.7% debt to GDP! Hilarious.