Fuzzy Numbers

[AdamSelene]

A must watch video about government (BLS) Inflation and GDP calculations (lies).

http://www.chrismartenson.com/crashcourse/chapter-16-fuzzy-numbers

 

[AdamSelene]

1982 CPI method versus government reported CPI

http://www.shadowstats.com/

 

[fletchisrhsm]

A must watch video about government (BLS) Inflation and GDP calculations (lies).

http://www.chrismartenson.com/crashcourse/chapter-16-fuzzy-numbers

Great video. I have been talking about Nominal GDP vs Real GDP for a while now, but none of these neocons listen or understand. And most of the libs here just cant put their arms around it, hence why many of them like the idea of socialism

 

[fletchisrhsm]

As of right now, the Debt- Real GDP ratio is around 90%

 

[Willie99]

Gee, I guess that means until recently, Americans weren't buying new homes, buying new cars, acquiring the latest large screen TV's, the fastest computers, the smallest cell phones, the most expensive vacations and the most expensive education in the world, who knew?

Shit, none of them were even working, more of that Hollywood magic I guess.

BTW, interesting graph, what happened after that gigantic plunge at the very beginning of that graph? must have been our 4th or 5th great depression, eh?

 

[fletchisrhsm]

Gee, I guess that means until recently, Americans weren't buying new homes, buying new cars, acquiring the latest large screen TV's, the fastest computers, the smallest cell phones, the most expensive vacations and the most expensive education in the world, who knew?

Shit, none of them were even working, more of that Hollywood magic I guess.

BTW, interesting graph, what happened after that gigantic plunge at the very beginning of that graph? must have been our 4th or 5th great depression, eh?

Willie, your missing the point. What you said was true, we did do all that...but It wasnt then and is still not now, real wealth. Your seeing the correction now. You just cant print your way to prosperity Wullster. I know you think it doesnt matter but in reality your seeing in fact it does. Look at the difference between real GDP vs Nominal GDP. I mean in 2000 it was dead even for the first time in history. Now, Real GDP is almost 3 Trillion less then nominal!!! Why? Because too much cash, inflation and we dont produce much here anymore. Look at the markets, i mean take the pension funds that held Lehman brothers stock and all the other ones that had stakes in stocks of companies who bought and sold bad mortgages.

Wealth can never be replaced by government spending or by the FED that creates new money out of future DEBT, its just not logical. Printing money and lowering interest rates only diminishes the value of each monetary unit. Neither can create wealth; they only destroy.

This best can be explained by a quote from Jim Morrison....

We want the world and we want it....NOW!!!

:cripwalk: :toast: