More on those revised US GDP figures
On the 2nd August there was a Post that highlighted the way that officialdom was changing figures that painted a very different picture to that promoted at the time the figures were released.
I linked to a recent article from Karl Denninger showing how previous US GDP figures had been significantly revised downwards.
Well Karl has now published a smart chart showing what happened in a way that makes it very easy to understand.
The chart is below, but please support Karl by going to the article which is here.
Do read the original article at Karl’s Blog site simply because he sets out in his usual clear (and forthright) manner just what this all means. And it isn’t just affecting the US – this ripples across the pond!
Finally, another perspective on this issue is here – with the same implications being presented. It’s gloomy ahead!
By Paul Handover
Learning from Dogs 
They have been cooking the figures for a very long time, revising them later, as needed. It reminds me of the dozens of medals attributed in the Olympics, many years after the facts. Because those who got all the money, and all the glory were on drugs, and they finally got stripped for their fake performances.
So are they on drugs? The head guy who is ordering the Afghanistan invasion, in part for drug interdiction, with all due respect, spent more than a decade or two, drugged out.
Well, being on drugs and lies goes well with the power of gab. BTW, although I started to complain loudly about the advisers which were selected for big O, as soon as Nov 5, 2008, I did not complain about Cameron yet… One thinks better, when one is one’s own man…
PA
http://patriceayme.wordpress.com/
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