EN — LARRY ROMANOFF — The Fraudulent Matrix of US Economic Statistics — September 27, 2022

 

The Fraudulent Matrix of US Economic Statistics

By Larry Romanoff, September 27^th, 2022

 

 

The US government and Western media enjoy accusing other nations of producing unreliable economic numbers, but it is widely recognised that there are no national economic statistics in the world as deliberately unreliable and misleading as those of the US. One notable feature of the Great Transformation was the US government’s innovativeness in fabricating statistics that raised economic misinformation to an art form. Many researchers have published studies demonstrating that the official US economic statistics in nearly all areas are badly distorted to paint a positive picture widely divergent from reality, but with the compliant media controlling the narrative, few Americans have any idea of the true state of their economy or the personal consequences of these statistical manipulations. As one commenter noted, “The jobs numbers are fraudulent, the unemployment rate is deceptive, the inflation measures are understated, and the GDP growth rate is overstated. Americans live in a matrix of lies.”

 

As we will see, the true unemployment rate is far higher than the number officially stated, inflation is more than three times as high as the US government acknowledges, and the GDP only little more than half of the published numbers. The same is true with statistics on wages, housing, and more.

 

GDP