Gross domestic product is not what we have been told it is.

Karl Denninger writes about a ‘Den of Liars’ in his latest market ticker “…we haven’t had an expansion in GDP over the last eight years. Congress and its organs of reporting economic “facts” have lied. We have in fact actually seen about a 10% contraction in real GDP from 2000 levels; all of the so-called “expansion” of the Bush Administration has been a lie intended to prevent recognition and working through of the recession that should have happened in 2000.”

The depression is coming and if the lies are not brought out in to the open it will end up being much much worse that it needs to be.