Tag: fake GDP

WHO IS SHAKING THE JAR? (PART 2)

In Part 1 of this article I documented the never ending false narratives used by those shaking the jar to keep us at each other’s throats. I will now show how 2020 was a turning point in history, with an accelerating decline of our empire in progress.

FOURTH TURNING ECONOMICS (PART TWO) – The Burning Platform

The numerous examples of how those holding the jar shake it to generate conflict and chaos to achieve their Machiavellian ambitions pales in comparison with what they accomplished during the fateful year of 2020. They began shaking the jar at hypersonic speed by weaponizing the annual flu, giving it a scary name and then faking data to scare the entire world into lockdowns and mandatory masking, even though “science” said neither of those “solutions” worked against viruses. And the science was right.

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‘Among Major Economies, Only the Chinese Numbers Are More Suspect’

Guest Post by Jesse

 

On the surface this report shows solid economic growth for the US economy during the second quarter of 2015. Unfortunately, all of the usual caveats merit restatement:

— A significant portion of the “solid growth” in this headline number could be the result of understated BEA inflation data. Using deflators from the BLS results in a more modest 2.33% growth rate. And using deflators from the Billion Prices Project puts the growth rate even lower, at 1.28%.

— Per capita real GDP (the number we generally use to evaluate other economies) comes in at about 1.6% using BLS deflators and about 0.6% using the BPP deflators. Keep in mind that population growth alone (not brilliant central bank maneuvers) contributes a 0.72% positive bias to the headline number.

— Once again we wonder how much we should trust numbers that bounce all over the place from revision to revision. One might expect better from a huge (and expensive) bureaucracy operating in the 21st century.

Among major economies, only the Chinese numbers are more suspect.

All that said, we have — on the official record — solid economic growth and 5.3% unemployment.

What more could Ms. Yellen want?

Consumer Metrics Institute, BEA Revises 2nd Quarter 2015 GDP Growth Upward to 3.70%

 

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