posted on Jul, 29 2013 @ 08:48 PM
As a poster to Jim Sinclair's site wrote
First they did this with CPI (Substitute chicken for steak, cat food for chicken, twinkies for cat food). Then unemployment (Omit long term
unemployed and part timers). Now GDP (includes Research & Development expenses as productivity).
This is from Jim Sinclair's Website
US economic history will be rewritten this week, as the most far-reaching methodological changes in years will add the equivalent of a country the
size of Belgium to output in the world's largest economy.
The most important change by the Bureau of Economic Analysis, to be announced on Wednesday, will be to start counting spending on research,
development and copyrights as investment, and reflect pension deficits for the first time. Combined they are expected to add 3 per cent to gross
At a time when Republicans argue the growth of federal government is out of control, the revisions are likely to lower federal spending as a share
of GDP by half a percentage point. They should also lower federal debt as a share of GDP by about 2 percentage points from 73 per cent in
Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period
of time. GDP per capita is often considered an indicator of a country's standard of living
So tell me please, how is research and development a product output? Even a copyright doesn't mean an output. And do they count it again when/if it
becomes a product?
It is purely manipulation to make the economy and debt look better. And those unaware who buy into markets may not be aware of the changes to boost
Just one more way they, the gov, is taking us down while making us feel all warm and cozy inside. All is well, go about you business as usual.