How Falsified U.S. GDP Data will Lead to Much Higher Precious Metal Prices
By Steve St. Angelo, SRSrocco Report
Friday, 2 August 2013
While it seems that just about all of the economic data coming out of Wall Street or the U.S. Government is manipulated, there is one piece of data that is not. This valuable piece of information may also give us an idea on just how much the U.S. GDP data is being falsified.
The problem today with modern economics is that it has totally divorced itself from the physical economy. Everything is based upon a financial adjustment of one figure or a recalibration of another. Nothing is as its seems in the “Wonderful World of Financialization.”
However, there is still one metric in the physical economy that we can use to gauge whether the economy is indeed growing or on the other hand, contracting. This simple measurement has provided concrete evidence showing that the Global GDP growth rate has been slowly declining for decades.
ENERGY: The Destroyer of Manipulated Government Economic Data