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Nominal gDp's (2 year)

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Nominal gDp's (2 year) rate-of-change peaked in the 2nd qtr of 2006 @ 12%. Bernanke let it fall to 8% by the 4th qtr of 2007 (or by 33%). It fell to 6% in the 3rd qtr of 2008 (another 25%). It then plummeted to a -2% in the 2nd qtr of 2009 (another - 133%).What caused this phenomenal decline? Long-term monetary flows (our means of payment money X's its transactions rate-of-turnover) began to trend lower in March of 2006 (coterminous with the peak in the housing market). Monetary flows are equal to aggregate monetary purchasing power, which in turn is equal to nominal gDp (the value of all final goods & services produced within one year). I.e., after Bernanke was inducted as Fed Chairman, money flows proceeded to fall for 29 consecutive months. By Jan 2008 money flows were projecting a negative rate-of-change in nominal gDp for 4th qtr 2008.Federal Reserve Chairman Ben Bernanke deliberately engineered this protracted decline in money flows. Ben Bernanke pricked the housing bubble & forced our economy into a recession/depression. Ben Bernanke had time to prevent the 4th quarter debacle.  This is another example of the dangers of overeducation. 


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