Home > U.S. DATA ON GROWTH EXTREMELY UNRELIABLE
U.S. DATA ON GROWTH EXTREMELY UNRELIABLE
It is false that it has a kind
By Karl Weiss
An article in the Financial Times Deutschland (FTD) ironically sarkastischer way in the publication of the U.S. government, in the second quarter of 2008 had a growth rate of gross national product (exactly: Gross National Product, GNP) of 3.3%. The title of the article spottet on the investors: "They still want to believe" and the other is tough figures shows: The U.S. economy is already in crisis, the alleged invention of growth will only distract them.
In particular, it is stated: "... the nichtagrarische employment in the second quarter [is] with an annual rate of 0.6 percent (...) Baubeginne have recently increased by almost eleven percent abated, and car sales are compared to the previous quarter even with an annualized rate of one quarter broken into. The U.S. oil consumption is in the first half of the year fell as much as for 26 years. "Moreover, the industrial production decreased by 3.2% in the quarter. Because it helps is not surprising that the re-exports increased in nominal terms (no wonder U.S. dollars at the low rates), because it is impossible to alldem economic growth.
The export is yes in the USA is not one of the major economic factors such as Germany, but only a relatively small.
The budget deficit (relative government revenues / government spending) is a ’fake’. It is supposed to under 3%, while the OECD this value, the borrowing of the state in the year, already likely to 5.5% of GDP (gross domestic product) has estimated. Even the FTD also knows a number of economic data, which are manipulated ridiculous, but we have neither the time nor the leisure to us in detail the precise reasons for them.
In short: The U.S. government, which already have a "minor mistakes" made when it because Iraq’s weapons of mass destruction attacked, then there were not, manipulated the economic data of the country, as it is like. For all these figures, published shortly after the end of the period (in this case the 2nd quarter 2008) are estimates. And you can appreciate what you want.
And it makes it really, so this may sound unbelievable, to deceive investors: You invest (at least kurzzeitg) again in U.S. shares, in U.S. dollar bonds. They also applies because the headline: "They still want to believe."
We know that even from Germany, where you are figures of 3 million unemployed from the sucking fingers, while still almost six million in Hartz IV stuck.
If the presidential elections in the United States only once gone, the new president in January introduced, it will show: In the case of continuity will continue to massively distort. If the opposition elected, the new president at the beginning do not know how the figures zurechtbiegt. It is precisely with his office, a massive numerical economic downturn. And then some still say that he is not blame.
Already in this article has been predicted: "... in a year in which a new president is chosen. One can expect: The statistics are manipulated in order to the apparent start of the crisis after the elections to be postponed .. . "
That is, if all inhibitions have fallen, when no one is more scared, exposes to be because all the bourgeois media (almost always) into line.
If all shame finally laid to the side, if only the cynicism reigns, this is the final start of the capitalist barbarism. The cynical lies and twisting in the large-scale, the wide grin, while embarrassing interviewer to such things can dissipate with violence, which is becoming more and more the hallmark of the policy of capitalist oligarchies and their politicians.
Let them feel our strength!