The GDP

(You now have access to Colorado Gold as early as 8:20 AM Eastern Time.  Check web site for times.  Now there are three of us, all knowledgeable, all honest and friendly.  My daughter Melissa, is now on at 8:20 AM – 4 PM Eastern time. My son David’s been on since last November, and is doing very well.  He’s on at 8AM – 4 PM Central Time.  Dave is an RF engineer (radio frequency), and for years developed the amplifiers on those cell phone towers you see everywhere.  Switching, he got all the licenses needed for stock brokering, insurance, and the like, but realized what’s going on in the economic world, and is doing very well in partnership with myself and Melissa.  Both my kids are needed to ease the business pressure created by more and more people out there wising up and wanting to get out of dollars.)

There is no more misleading figure in the world of economics, than the GDP, formerly the GNP. The GDP is the “Gross Domestic Product,” or in other words, all the money spent in America.  Sounds simple, doesn’t it?  It is…sort of…except it is highly misleading.  How?  because IT INCLUDES GOVERNMENT SPENDING.  Get it?

The reason we are not officially “in recession,” is because the GDP hasn’t declined.  ’Gee Dad, we’re still not in a depression, isn’t that great?’  Of course, GM stock has gone from $42 to $2.50, and you can buy a share of Ford for a buck and a half, (whose CEO made $28 million last year), but we’re still doing ok.  Houses by the millions are in foreclosure, and even the lying official figures say that the unemployment rate is but 6.5% (probably twice that), and we’re still ok!  Whoopee.  Chains of stores are bankrupt, this upcoming Christmas promises to be the worst in history, used car lots are overflowing, and no one’s buying cars of any kind, but we’re still ok?  Wonderful.

The reason we’re still ’officially’ not in a depression, which of course we are in, is because of the GDP.  All the government waste, handouts, fighting two wars, printing an upcoming $2.7 trillion in handouts to banks, insurance companies, Fanny, Freddie, and what have you, all goes into the GDP figure.  No wonder all is well, according to the fake GDP figure!  Government is printing dollars and writing checks by the millions every hour, and it’s all part of the GDP.  Government is spending us into insolvency, destroying the currency, and still we’re OK, according to the GDP.  The silly space station’s $50 billion cost is part of the GDP, and Bush just requested another $57 billion for the wars, and that’s part of the GDP.

Just imagine.  A government official investigates a plane crash, or an OSHA goon gives a contractor a hard time, and these expenses are part of the GDP.  Hundreds of millions and billions are lost in the Defense Department’s books, and it’s all part of the GDP.  The space shuttles, tens of thousands of tons of waste paper created by endless bureaucrats, is all part of the GDP.  No government spending should be part of it, because no government spending, even spending which most of us consider important, should be part of the GDP.  No government, needed or not, at any level, is productive, makes anything, sells anything, shows a profit, and is a cost to the taxpayer.  Therefore, no government spending should part of the GDP.  Government can spend forever, bankrupt us, destroy the dollar, fight endless, stupid wars, and do a million dumb things, and it all makes the GDP look great.

Could the black hijackers of ships do it if the crews were armed?  Would the crime wave practically disappear, if everyone had a gun, carried it, and knew how to use it?  Is there a difference between a ’depression,’ and a ’recession’?  Not according to the dictionary, except one sounds less threatening than the other.