[skeeter]

I heard yesterday that the government is changing the way they report GDP to include government "R&D" spending, and this will have the effect of increasing the figure by 3%.

Any truth to this?

[old and tired]

heard yesterday that the government is changing the way they report GDP to include government "R&D" spending, and this will have the effect of increasing the figure by 3%. Any truth to this?

That's true, but it's not skewing this number since they backed the info into the old numbers for a more fair comparison.

[RobertClark]

Yes, it is true. The manner in which the GDP is calculated will be changed to include things such as R&D, film royalties, and all manner of other nonsense. It will have the effect, literally, of rewriting economic history. It will affect everything.

A little known bit, however, is WHY this change is taking place. Well, I can tell you: The U.N. Yes, that U.N. They developed a new UNIVERSAL system that all nations are to convert to, with the US being one of the first. Link Here

[griswold3]

http://www.athenaalliance.org/pdf/PolicyonIntangibles-Torino.pdf

Note: See page 3 for list of “Intangibles” to be included in GDP total. This report was from May 2009, so the change has been planned for a while. They know what is going on, and what’s ahead. They just need to cover it up by ‘rewriting history’