LATEST POST

Lies about the global economy

If you ever wondered why the economic reports nowadays seem so wildly off mark compared to the day to day experience of normal people, consider the following:

1. There is no way to accurately estimate the entire economy of any country. The Western countries including the USA for example add to their measured trade a certain percentage, in the USA and most of Europe's case some 30% of assumed illegal economy profits.

2. O...

View Post