A dark day in American history…
Down with the government statistician…
From the desks of President Trump and Robert Kiyosaki… this book isn’t available anywhere else. Go here to see why it’s so important — and exactly how you can get your hands on it.
Dear Reader,
The furies are loose… the angels tremble… the heavens have fallen.
At midnight last evening, the United States government partially “shut down.”
How the nation can possibly endure the dark days to come… I do not know.
I — for one — must postpone my planned pilgrimage to the National Park of American Samoa.
Others, I am certain, confront similar hells.
And on this black day, please spare a tender thought for all victims of this evil event.
The Good News
Yet take comfort. As I have stated prior to previous closures:
Federal workers deemed essential to the safety of the Republic will remain in post — the customs official at Ketchikan, Alaska, for example.
The Transportation Security Agency will continue guarding the aerial ways against infants, nuns, wheelchair-riders and related devils.
In event of armed invasion, the Marines will leap from their barracks.
Social Security checks will still go issuing through the mails.
Even Better News
I bear additional positive news. It concerns one subset of furloughed federal employees.
I refer here to the government statisticians who collect, sort, analyze, worry, torture and weaponize economic data.
That is, the government statisticians who cannot strike bullseye at the price of their souls…
Who overcounted, for example, some 911,000 United States payrolls last year.
These Wrong Way Charlies are deemed nonessential government employees.
And so as of midnight last evening, they are on furlough.
Thus we are free from their deceptions — for the present at least.
I hope merely that it is an extended freedom.
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A “Data Vacuum”
Yet Wells Fargo sobs that their temporary dislocation would:
Create a data vacuum at a time when the path ahead for the economy remains uncertain. A shutdown could delay influential economic data reports published by government agencies, as employees involved in collecting and processing the information are deemed non-essential.
Yet of what value is false economic data that vastly misrepresents the true economy?
It puts out false signals that give false impressions.
It is a twisted sign on a roadway that points motorists in the wrong direction.
Why should we lament the loss of misinformation, however temporary?
I mentioned the severely botched unemployment data.
It is but one example of statistical distortion. There are others.
Consider government calculation of the gross domestic product.
Economic Idiocy
I have previously cited this theoretical example:
Assume the government pays a fellow to shovel a hole. Assume further that the government pays him to shovel it back in.
In the official telling, you have just witnessed an addition to the gross domestic product.
Have you? Or have you merely witnessed an idiocy?
You have witnessed an idiocy. You have witnessed a juiceless pursuit that did not improve the world one jot.
You have witnessed a squandering of time, of effort, of resources.
Debt-Financed Idiocy
Imagine further that the charade was financed through debt.
That debt must eventually be serviced — with interest into the bargain.
Recall, government lacks all resources.
Before government can ladle out one meager dollar for guns, for butter, for bread, for circuses… it must first pluck it from private pockets — directly or indirectly.
That is, through taxes or credit. That is, through taxes or taxes.
The dollar borrowed may appear a lesser plucking than the dollar taxed.
Yet it is an equal plucking. It is merely a plucking at one remove.
Thus any borrowed dollar that “expands” the gross domestic product is likewise a burden.
It is at once liability and asset.
The government statistician observes only the asset.
They Ignore the Debt
Mr. Peter Reagan of Birch Gold:
Here’s the most worrisome thing about GDP calculations… there’s no offset for debt! None!
Debt-financed purchases like a new home or a new federal construction program add to GDP. Paying off the debt incurred does not subtract from GDP. No matter when you pay it off.
In other words, GDP only tells you how much you spent on the shopping spree — and ignores the credit card bill that follows. ‘
I concede the possibility — the possibility — that the borrowed dollar may funnel into economically productive endeavors.
Yet much of government borrowing finances consumption. Thus it is not productive.
The Lies of Inflation
And how do elevated consumer prices indicate an expanding economy?
Mr. Reagan:
According to the Bureau of Labor Statistics (BLS), the price of ground beef increased by nearly 65% over the last five years.
Other necessities, like electricity, only went up 36% since 2020.
Here’s the astonishing thing: As your cost of living increases, GDP increases too! That’s right — higher bills means “increased economic activity” which is often interpreted as a booming economy.
Do you feel wealthier at the grocery store, when your trip costs you 25% more than it would’ve in 2020?...
Here’s the reality: Higher GDP has nearly no correlation to prosperity. When you look at real-world changes in cost of living, we simply aren’t more prosperous than we were five years ago. Period (no matter how much GDP increased over those years).
Now do you understand how GDP is as much a measure of higher costs of living as it is a measure of real economic activity?
I do, sir. I do.
Thus I am heart and soul for the government statistician’s permanent furlough.
He is a source not of revealing light… but of concealing fog.
And his personal loss would be the nation’s unequivocal gain.
Alas, like the bad penny of proverb… he will return.
We cannot free ourselves of him.
Regards,
Brian Maher
for Freedom Financial News
P.S. One book can’t make you rich. We all know that.
And I’m not necessarily saying that this book released by President Trump and Robert Kiyosaki will automatically make you rich.
I would never — ever — say that. But…
What you read on pages 33 and 243 alone just could help you get rich.
How?