US GDP in the negative, no recovery

US GDP for the fourth quarter of 2012 was at -0.1%. So much for the recovery as announced by the bureaucrats. Whatever 'solutions' the world powers used to address the crisis have not worked. Recovery, indeed, was an illusion.

Although, may I add that I do not quite agree or believe that GDP is a good indicator of a healthy economy. Where all a government has to do is spend tenfold and the country is sufficiently stimulated. Spending is treated as though it itself, and not previous saving and production, make for a country's increase in wealth.

So the GDP is not an adequate measure of economic performance. What can we make then of this news? The point is, that even with the establishment's rules, such as of the error of mistaking spending as wealth-growing, policy looks like it has been a failure.

I would hold more gold if I were you.