Paul Craig Roberts – The Matrix Of Lies And What The Elite Are Really Planning Is Terrifying
KingWorldNews.com
March 02, 2017
Today former Assistant U.S. Treasury Secretary, Dr. Paul Craig Roberts, issued an ominous warning for what promises to be a very dangerous rest of 2017.
The Great Deception
(King World News) Dr. Paul Craig Roberts: According to official US economic data, the US Gross Domestic Product (GDP) has expanded for 22 quarters, raising real GDP 12.1% above its high prior to the 2008-09 economic contraction. Yet, US manufacturing output and US industrial production have not recovered to their pre-contraction high…
So what is driving the real GDP growth? In my opinion, the rise in real GDP is an illusion produced by the under-measurement of inflation.
As I have reported on many occasions, John Williams of shadowstats.com has concluded that changes in the way that the government approaches the measurement of inflation has, in effect, defined inflation away.
Formerly, if a price of an item in an inflation measure rose, the inflation rate would rise by the price times the weight of the item in the index. Today, if a price of an item in an inflation measure rises, that item is removed from the index, and a lower cost item substituted in its place.
A second way that government has contrived in order to undermeasure inflation is to declare price rises “quality improvements” and not count the higher price as inflation.
The Rest…HERE
