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