Craig Hemke & Eric Sprott: Weekly Wrap Up 012717 (Podcast)
Craig Hemke & Eric Sprott: Weekly Wrap Up 012717 Podcast
This week, Eric Sprott assesses a volatile global market and notes new Chinese ETF demand for gold.
Obamacare accounts for most of the GDP growth for 2016 with another notable percentage going to government spending. How can insurance premiums and nonproductive government activity be calculated in “Gross Domestic Product”? Which part of either of these economic drains is productive?
This proves, beyond question, how backwards and upside down the government statistics have become. When the cost of insurance is measured in the same manner as manufacturing an actual item, like a car, something has gone terribly, terribly wrong.