Skip to comments.Peter Schiff: GDP Propaganda Exposed
Posted on 04/28/2013 5:36:32 PM PDT by Lorianne
thanks for post.off to listen now
No problem...low information voters don’t give a rat’s behind, so long as they keep receiving free stuff.
Chris Martinson talked about this in this 2009 video:
The word is “Hedonics”. It is used to falsely increase the GDP and falsely reduce the inflation rate.
you know it's ok of course in dance and that increase but they want to close their eyes to what should be obvious that the government is just lie about this kind of stuff here is some another changed its in this thing and apparently this is getting the for the deflator right when they try to calculate inflation the government is going to come up with a new way of majoring in cost of bank's services and having a bank account no doubt the goal they are he is to reduced the cost component of banking so that the inflation number will end up being lower so the government is finding a way to make the g_d_p_ bigger by both throwing things into the g_d_p_ that don't belong there and by making a different or smaller so that they can make the the real number appear to be bigger fragment brother sent me and i get a lot of these from people in the mail sent me uh... is uh... indication of inflation is real-world i he had a bottle of uh... as spring uh... volcanoes its engine eric wright eight aspirin five hundred pill bottle materiality just ran out and the this figure on the last bottle was thirteen ninety nine and a new model for the same number of pills of the exact same generic aspirin now cost eighteen twenty nine and of course he's had it for a few years but he's looking at the expiration dates on both so we can pretty much guess about how much time has fifty-two transpired between the thirteen ninety nine model and the eight twenty nine model and according to my brother it translates into a ten percent increase in the price of those aspirins per year are over the time period on a short sees that same ingredients nothing is really changed in the ass for it's just another anecdotal evidence of a price increase of about ten percent per year over the past three or four years not be one-and-a-half percent increase that the government claims and i know i know there's all sorts of anecdotal evidence is that what you peter you can't you can't just find one thing it's not just one thing it's almost everything find me something that isn't going off in price attn here finally things are going up accorded the c_p_i_ hour by those things you know disturbing to you by your going up much faster then the c_p_i_ they don't actually sell c_p_i_ units uh... they actually sell real things and prices are going up and now of course it's gonna look like the economy is getting bigger uh... even though it isn't and this is just more flop on top of flopped our g_d_p_ is one big y who knows are what it really is but it's a lot smaller than what the government claims which means our deck in g_d_p_ numbers or already far bigger uh... than anybody cares to realize and why that's important is because the real g_d_p_ gives you the ability to service your debt but if you have a bs g_-eight g_d_p_ that's artificially inflated based on creative accounting that'd it does it mean the economy is generating the income necessary to service all of that debt
Amazing; people pay him money to say that stuff...
Whoa, change that to ...
|i found out about what the u_s_ government had planned before revising
the methodology for computing g_d_p_
just this morning
i was reading this piece in it the financial times
u_s_ economy gets a hollywood makeover
and the idea is to change
the way they can pw g_d_p_
the result is going to be a much bigger g_d_p_
uh... what a coincidence
you see that's what the government does write whenever they don't like the
the changes in that but al ology
see when it comes to inflation
the numbers were to hide in one of them small
so they change the way
they calculated inflation and the result is less inflation
accorded the government
third they've been doing the same thing with g_p_ this is not the first time
they have changed the way the compute g_d_p_ within goal of producing a larger number
this is exactly what they've done
now doesn't mean the economy's actually any bigger
but they can pretend it's bigger
now why does the government of pretend the economy is bigger what did it really
well you know just like any kid you know
he'd like to pretend that he got an a
now even though is you know he he's he's getting a lower-grade right it's good to
pretend that you're doing better than you are
and that we're gonna do and why do we want to attend were doing that are
because then it will make that debt look smaller
if we can claim we have a bigger connie
then we can claim we can handle it that
and maybe some of our creditors will be dumb enough to believe the hype
but let's look at what they're going to be changing
in the uh... the the g_d_p_
well most of the changes are gonna com to the investment business investment
member g dot
g_d_p_ is c
...and then it goes on and on here...
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