It’s impossible to cover developments in the global economy, and the reporting of those developments without feeling a lot like Alice in Wonderland – surrounded by legions of “Mad Hatters”. This is especially true when covering the realm of anti-logic known as the U.S. economy.

We’re told that the U.S. economy has been experiencing an “economic recovery” for the past 3+ years – led by manufacturing growth – while its energy consumption has plummeted so fast that the world’s great Energy Glutton is now a “net-energy exporter.”

We watch reports of U.S. home-builders starting construction on roughly twice as many homes as they sell, month after month, year after year – and then the media Mad Hatters tell us that the inventories of unsold new homes have been plummeting downward all this time.

We’re told that U.S. Treasuries should be fetching (by far) their highest prices in history – even though the U.S. is hopelessly bankrupt when using the same accounting standards it requires of its own corporations. We’re told by one of the more esteemed Mad Hatters that Treasuries prices and Treasuries supply should be simultaneously increasing exponentially.

So it comes as little surprise to this “Alice in Wonderland” scribe to see Asian governments meeting to discuss a “food-price shock” while simultaneously the U.S. government reports “zero inflation” in its own economy.

Here readers must understand that the U.S. propaganda machine does not deliberately produce utterly laughable propaganda, which no adult with a functioning brain could possibly swallow. The whole point of producing propaganda is to make it plausible, as the more absurd the lies, the sooner that a propaganda machine permanently destroys its own credibility...

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‘Zero Inflation’ in U.S. = Hyperinflation Warning?