Well, we are told to respect authority, and we sit in classrooms, go to college, and/or are indoctrinated into this sort of "respect for the people in charge" motif. However, whenever we turn around we find out we've been lied to, or someone has misrepresented the facts. What I'm speaking to is all the bogus economic data that is purported around the planet. It seems that the regulators always go after corporations for misrepresenting their financial position, or painting too starry of a picture. But the same government which hosts those regulatory bodies, well, that is there standard operating procedure.
There was an interesting article posted on July 25, 2012 in Manufacturing (dot) Net News Online titled; "UK In Deeper Recession Than Thought," by Robert Barr of the AP which stated;
"Britain is suffering a far deeper recession than thought, official figures showed Wednesday in a development that is likely to increase the pressure on the government to ease up on its tough austerity approach. The Office for National Statistics said Britain's economic output shrank by 0.7% in the April-June quarter, compared with the previous quarter. That was far worse than the 0.2% decline that economists had expected, and confirmed that the British recession has run into a 3rd qtr."
Well, let me first challenge the title of the piece; Deeper than who thought? The government published numbers are always misleading whether in China, EU, UK, Middle East, India, Asia, China, Japan, US, Australia, South America, Africa, or Russia. I mean give me a break already. Worse, I worry that the EU has been so busy kicking the can down the road, having meetings, and basically agreeing to agree upon something in the future, that no one will probably ever agree to it all and it seems rather mystical.
Therefore I ask a simple question; who can you trust? Well, I guess the answer is always as it was; nobody. Still, if the citizens no longer respect authority, and none of us business owners can respect or trust government data, regardless of what corner of the world it comes from, it does appear that our entire global economic structure is a house of cards, and a giant Ponzi scheme. I think we can do better than this.
One of the biggest things I see is this move towards socialism, which never works. Promising the public something to keep them happy, in-line, and not out causing major protests or riots. But the promises, and the mathematics and data which back up those promises are indeed apparently as worthless as the promises themselves. And I am not pointing my fingers at any particular group or person, or even country for that matter? No, but let's just say I'm pointing the finger in all directions including my own mirror, because, it's our fault for allowing them to get away with it in the first place. Indeed I hope you will please consider all this and think on it.
Lance Winslow has launched a new provocative series of eBooks on Economic Issues. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank; http://www.worldthinktank.net
Article Source:http://EzineArticles.com/?expert
Source: http://newsandsocietyblog-economics.blogspot.com/2012/10/global-international-economics-and.html
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