“This is a major concern I have with the economics industry. Since it is largely populated by academians and government economists, I don’t trust them to be honest and employ the best methodologies when measuring the economy. I do trust them, however, to lie and taint their methodologies to have a political bias to favor more socialism. ”
Bit off topic but I found this story over at Instapundit. http://www.torontosun.com/2014/01/17/first-nations-chief-received-55000-from-tides-foundation Might interest some of the folks here.
Just like NOAA climate data which has been “adjusted” until it shows enough global warming.
Don’t forget the placement of those surface temp readers either remember that? right beside blacktop run ways in Arizona, near exhaust vents, steam pipes,man hole covers ,streets ,roads ect ect. its like that plant in sri lanka when the ocean didn’t rise to sink it they moved it closer to make it seem like the ocean was rising. little stupid irritating, childish thingsl iek that to control the narrative.
The only thing that surprises me is that the government stats aren’t framed in terms of 5 year plan production targets and how these production targets are exceeded with every successive 5 year plan. In the former USSR, the people knew to ignore the glowing production figures that the government would announce as they waited in long lines for their chance at a few mouldy potatoes that might be sold out by the time their turn to buy came. Haven’t figured out who the equivalents of the “heroes of socialist labor” are in N. America; you know, those determined looking guys in that classic pose of socialist realist art who exceeded their coal production quotas by hundreds of tons/day.
What I’ve noticed, as have the majority of the population who care to keep track of costs, that prices have been rising very rapidly. Curiously, the “official” rate of inflation isn’t going up. Normally, interest rates would be higher than the rate of inflation so people’s savings don’t depreciate in value but the government has a very strong interest to keep interest rates as low as possible so that it can continue to borrow endlessly so that the votes of the parasite class go in the “proper” direction during the sham elections. Thus, in a highly inflationary time we have “no” inflation according to the official stats.
The difference between the USSR and the USSA is that in the USSR everyone had a job and was expected to work in exchange for their government supplied badly constructed housing and bountiful produce in excess of the goals of the last 5 year plan that was available at state run distribution centers. Most people pretended to work which is an improvement over the USSA’s plan to have a permanently growing unemployed parasite class which devolves every year as the intelligence of each new generation of the parasite class asymptotically approaches those of the human monkey ancestors. At least the USSR’s social system was setup to prevent the growth of a parasite class as the government didn’t need to create LIV’s as the elections were arranged so that the ruling party received 95% or more of the vote in every “election”.
After reviewing the recent economic and other policies of the USSA, it seems evident that the model Obozo is attempting to implement is not that of the USSR, but rather that of Zimbabwe. It will be interesting to see how long it takes before there’s a flood of skilled US citizens who are seeing political asylum in Russia, now far more capitalistic than the USSA.
Captain, Captain, Captain, can’t see that you’re naïve. So what’s up?
Can’t believe that you have a socialist/fascist/communist for a president?
Of course you Americans will never admit to that.
…or when governments lie to each other, sell their gold for example:
http://www.zerohedge.com/news/2014-01-19/germany-has-recovered-paltry-5-tons-gold-ny-fed-after-one-year
Just saw a talking head PMSNBC talking about how GDP just isn’t a fair metric and that other measures need to be used.
Then he mentioned that the Happiness index should be used. Why do these children get the chance to be even taken half serious?
Lies?? it has ever been thus. Every government, regardless of where, must lie to justify its existence and when things go wrong, they must tell bigger lies to keep the shallow thinkers placated. Governemnts know that we go mad in crowds but we regain sanity individually.
Accidently cross posted under readers tips.
Government can spin it however it likes, but one look at the real numbers and anyone with even basic comprehension of math can see it’s a death spiral that would take more than a few miracles to pull out of. The SS economic Titanic is sinking fast, while the band plays on.
http://www.usdebtclock.org/index.html
Phucking right prices are rising more than “the rat of inflation”.
My rates go up 5% a year…..minimum. And had a fuel surcharge for a while.
Loki, I really don’t know what you’re talking about.
meanwhile, I am ever so pleased to hear that the chocolate ration has just been increased to 6 grams.