This may strike some as odd, since official government statistics show low unemployment and declining price inflation, suggesting the Federal Reserve has engineered a “soft landing” bringing down inflation without causing a recession.
It details how the federal government understates inflation, while making wages, profits, and economic growth appear stronger.
The Federal Reserve can keep interest rates low because the dollar’s world reserve currency status guarantees a strong demand for US dollars.
Government distortions of economic data mislead the people regarding the true state of the economy.
The government claims that Gross Domestic Product increased by approximately 13.7 percent from 2019 through the first half of 2024.
John Williams's ShadowStats has regularly shown how government manipulates data to underreport unemployment and price inflation.
Government distortions of economic data mislead the people regarding the true state of the economy.
Government spending puts pressure on the Federal Reserve to keep interest rates low.
One reason for this is resentment over the US government's use of the dollar's world reserve currency status to force other counties to abide by US demands.
The collapse could also result in a turn toward respect for the principles of liberty, limited government, free markets, and a foreign policy of peace and free trade.
https://thenewamerican.com/opinion/government-gaslights-people-about-the-economy/
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