tomder55
Mar 24, 2025, 03:53 AM
Google AI defines fraud as deception and the presentation of false information for personal or financial gain.
In the real world it is a crime.
How can an investor trust the numbers enough to invest in a nations economy ?
This was world wide news except in the US where the compliant press continues to act as deep state agents.
From the UK Mail
The Treasury Secretary has candidly admitted that the GDP numbers that dominated the previous administration's economic approach are not accurate......The former hedge fund boss argued that Biden made a 'mistake' by dismissing the hardships that consumers were actually feeling at grocery stores and gas stations.......When asked point-blank whether he believed that GDP numbers and nonfarm payrolls were accurate on the All-In podcast last week, Bessent replied: 'No. They're subject to big revisions over time.
Treasury Secretary makes astonishing confession about GDP numbers that ruled Biden's presidency | Daily Mail Online (https://www.dailymail.co.uk/news/article-14528223/treasury-secretary-gdp-joe-biden-presidency-scott-bessent.html)
Both jobs reports and GDP were revised downward after the election.
The GDP went down to 2.3 % growth and then was revised again . The Atlanta Fed reported that GDP went into negative growth in the 1st quarter .
https://www.carsongroup.com/wp-content/uploads/2025/03/blog-2025-03-04-Atlanta-Fed-GDP-Nowcast.png
Hmm so that means we were already in recession. But now they can claim the economic recession began under Trump's watch .
In the real world it is a crime.
How can an investor trust the numbers enough to invest in a nations economy ?
This was world wide news except in the US where the compliant press continues to act as deep state agents.
From the UK Mail
The Treasury Secretary has candidly admitted that the GDP numbers that dominated the previous administration's economic approach are not accurate......The former hedge fund boss argued that Biden made a 'mistake' by dismissing the hardships that consumers were actually feeling at grocery stores and gas stations.......When asked point-blank whether he believed that GDP numbers and nonfarm payrolls were accurate on the All-In podcast last week, Bessent replied: 'No. They're subject to big revisions over time.
Treasury Secretary makes astonishing confession about GDP numbers that ruled Biden's presidency | Daily Mail Online (https://www.dailymail.co.uk/news/article-14528223/treasury-secretary-gdp-joe-biden-presidency-scott-bessent.html)
Both jobs reports and GDP were revised downward after the election.
The GDP went down to 2.3 % growth and then was revised again . The Atlanta Fed reported that GDP went into negative growth in the 1st quarter .
https://www.carsongroup.com/wp-content/uploads/2025/03/blog-2025-03-04-Atlanta-Fed-GDP-Nowcast.png
Hmm so that means we were already in recession. But now they can claim the economic recession began under Trump's watch .