All the three claimed figures of the first quarter GDP were meticulously selected to make it a smooth cheating.
1. They said it increased 0.1%. A minimum number of 0.1 to make it a positive increase.
2. They said it decreased 1.0%. 1 is the smallest integer, next to 1 is 0. So they hint it’s a smallest decrease.
3. They said it decreased 2.9%. People know the merchants used to price the merchandise at 99 cents. It’s a psychological gimmick. They used the same trick to avoid an upper numerical grade.
They split the decrease number in three gradual decreasing number, buffered the impact on people psychologically. With other cheating method, they successfully push the stock market to history high while US economy is in recession.
They invent another method to calculate the unemployment and say It is only 6.1% right now. They told you so while actually one third of Americans are unemployed.
844. To save the dollar by hitting the Euro (7/17/2014)
That’s true. But oil price is the fastest way to adjust the demand of the dollar. We saw then the Euro – an alternative to the dollar, is threatened.
Euro is the reserve currency next to the dollar. When dollar is weak that oil buyers have to use Euros for payment to Russian oil, what if Euro’s value is threatened? Similar situation had acted four years ago when US had a financial crisis (the bankruptcy of Leman Brothers caused by sub-prime loan collapse), US resolved it by introducing the Greek financial crisis.
If the high oil price would benefit enemy Russia, then US has to dig into the foundation of ally’s wallet. Last time the ignition was Greece, this time it is Portugal.
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