Lies, Damed Lies and...

Words
107
Reading
1 min
Listen
Play
8y

Well stats, but more correctly Gov numbers.
Many people have wondered for years how govs come up with some of the numbers they manage to.
It seem Japan has been caught in the act.

Japans new revised figures will have some major implications for global fiat markets

Hopefully more govs will be brought to task.

For example does Australia export Iron Ore in $/tonne or gross tonnage?
It seem the numbers flip flop more than the average thong, depending on Aussie gov needs or desires to look good.

At least in a crypto based world the whole monetary process is audit-able, by anyone with the know how.

https://www.ccn.com/a-scandal-unfolds-japans-impressive-growth-rates-were-a-lie-40-of-economic-data-faked/

Lies, Damed Lies and... | Ecency