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Every American needs to read and understand this link!
Anonymous Kritter Show this Post
05-24-2013, 09:14 PM #1
Anonymous Kritter Incognito Anonymous
 
I understand that not everybody is a "financial person," but, you REALLY need to take a look at this very short page from a gov't web site. It describes how the US gov't will begin calculating the Gross Domestic Product - basically, what America outputs every year.

The reason I want you to see this is to show you how SCARY things have really become. You may note that one of the bullet points is: Going to the movies is now considered an "investment" !!!! Another HUGE "thing" - the GDP will now include the cost of getting a home loan as "investment" as used to calculate what is "produced" in America. If this doesn't tell you that our economy is a house of cards - I don't know what will!!!

http://www.bea.gov/faq/index.cfm?faq_id=...0&cat_id=0

Oh and BTW - pension funds - even UNFUNDED ONES - will now be "part of the GDP" !
05-24-2013, 09:36 PM #2
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,179 Threads:1,473 Joined:Feb 2011
hi5.gif Thanks so much, I downloaded the PDF but it's 27 pages and will take some time. Very interesting and a great find.
I fail to see how going to the movies is an investment - an investment is something you can expect to see a return from. Absurd.
I'm sure I'll have plenty of bitching to do after I read the PDF later chuckle.gif And I agree, house of cards waiting to fall.

wonder.gif
Anonymous Kritter Show this Post
05-24-2013, 09:40 PM #3
Anonymous Kritter Incognito Anonymous
 
hi5.gif



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