Bwaaahhhahaahah (-: your in fine form tonight FoseIn
"When it comes to cheating the numbers, nobody does it better than Uncle Sam......
......Counting down, here are the four most rigged government statistics in America today:
.....2) Gross Domestic Product: GDP is a measure of consumer spending, investment by industry, and government spending, plus the difference between exports and imports.
Talk about a con job. Annual GDP is one of the most rigged government figures.
There are two reasons that this is a rigged figure.
First, it doesn't properly take inflation into the equation, meaning that the real GDP (growth minus inflation) doesn't truly reflect the value of the production over time.
Yes, we have an annual GDP of $16 trillion, but how does that figure compare to the size the economy would be measured in the value of the dollar 50 years ago. In real terms that figure would be $2 trillion. The cumulative rate of inflation in the U.S. economy since the United States went off the Gold Standard in 1971 is 86.3%."
Strawberry Fields forever......ROFL
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