Thursday, December 01, 2011
LIES ABOUT THE ECONOMY
They tell us lies about the economy.
One moment the economy is 'sound'; the next moment it is 'in a mess'.
1. In 2010, Andreas Georgiou, from the IMF, became the head of Greece’s statistics agency.
Now he is facing an official criminal investigation for allegedly exaggerating the scale of the Greece’s financial crisis and acting against the Greek national interest.
Greece's statistics chief faces criminal probe - FT.com
Reportedly, Greece's deficit was exaggerated.
2. In the mid 1990s, we were told that the economy of Indonesia was sound.
In 1997-8, we were told that everything was in a mess; money fled the country; the economy collapsed.
Eventually, people like Rothschild and Soros arrived.
3. Around 2005, we were told that the UK economy was sound.
"Growth was high, unemployment low. Boom and bust had been abolished. Productivity showed no sign of the stagnation afflicting Europe. Inequality was stable and poverty rates were declining."
Today we are told that the UK economy is in a mess.
4. We are told that when it comes to their economies, Venezuela is bad, Colombia is good.
But, the GDP per person in Colombia is $7,650; the GDP per person in Venezuela is $10,360.
5. We are told that Gaddafi's Libya was bad; Morocco is better.
Morocco's gross national income per capita is $2,770 and the literacy rate is 56%.
Libya's gross national income per capita, under Gaddafi, was around $17,000.
Posted by Anon at 6:23 AM