Excerpt
• Lower GDP Growth Still Heavily Overstated • 3rd-Quarter GDP at 2.8%, GDI at 2.0% • "Reduced" Inflation Bloated Reported Activity • Revised Salaries and Wages Soared as Employment Collapsed?
Friday, December 11, 2009
part 2
2. The tricky part about retail sales its not adjusted for inflation and the same appears to be true for the GDP as part of the hidden inflation jumps to the other side of the equation - that means big parts of the GDP are nothing but inflation. Actually Bill Clinton started with Greenspan this fraud scheme of massaging statistics as you can see by the chart below.
Excerpt
• Lower GDP Growth Still Heavily Overstated • 3rd-Quarter GDP at 2.8%, GDI at 2.0% • "Reduced" Inflation Bloated Reported Activity • Revised Salaries and Wages Soared as Employment Collapsed?
Excerpt
• Lower GDP Growth Still Heavily Overstated • 3rd-Quarter GDP at 2.8%, GDI at 2.0% • "Reduced" Inflation Bloated Reported Activity • Revised Salaries and Wages Soared as Employment Collapsed?
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