US Economic Statistics: “Unreliable Numbers”
By Larry Romanoff, November 10, 2019
The US government and Western media enjoy accusing China of producing unreliable numbers, but it is widely recognised that there are no national economic statistics in the world as deliberately unreliable and misleading as those of the US. Yet one more feature of the Great Transformation was the US government’s innovativeness in fabricating statistics that raised economic misinformation to an art form.
§ Unemployment is more than twice as high as officially stated,
§ inflation more than three times, and
§ GDP less than two-thirds of the published numbers.
§ The same is true with statistics on wages, housing, and more.
Many researchers have published studies demonstrating that the official US economic statistics in nearly all areas are badly distorted to paint a positive picture widely divergent from reality.
As one commenter noted,
“The jobs numbers are fraudulent, the unemployment rate is deceptive, the inflation measures are understated, and the GDP growth rate is overstated. Americans live in a matrix of lies.”
With the compliant media controlling the narrative, few Americans have any idea of the true state of their economy or the personal consequences of these statistical manipulations.
GDP
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