John Williams of Shadowstats.com publishes what the government won’t — honest statistics. He uses original government definitions of various measures such as GDP, CPI, unemployment, etc. to restate their figures to their own (prior) definitions.
His numbers are not pretty. For a full explanation of how he got started and what has happened over time, I encourage you to visit his website.
The government is past the point of being able to tell the truth. Things are so bad that they must continue to change the way things are defined and then likely fudge even these numbers. The system is literally on the verge of collapse. There are only two things the government can do at this point:
- Make things worse
- Lie about how bad things really are
They are doing both.
The Daily Bail posted the following pertaining to this issue and John Williams:
John Williams From Shadow Stats: “The REAL Deficit Is Running At $5 Trillion Per Year” (Audio)
from The Daily Bail by DailyBail
Topics — gold, national debt, true deficit, treasuries, stock market
John is using GAAP accounting which correctly includes the annual unfunded liabilities. His website is Shadow Government Statistics — the best site for true government economic statistics:
Check out the real unemployment rate from ShadowStats:
