Results 1 to 7 of 7

Thread: Cocaine Sales to Boost Italian GDP in Boon for Budget

  1. #1
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Cocaine Sales to Boost Italian GDP in Boon for Budget

    'Italy will include prostitution and illegal drug sales in the gross domestic product calculation this year, a boost for its chronically stagnant economy and Prime Minister Matteo Renziís effort to meet deficit targets.

    Drugs, prostitution and smuggling will be part of GDP as of 2014 and prior-year figures will be adjusted to reflect the change in methodology, the Istat national statistics office said today. The revision was made to comply with European Union rules, it said.'

    Cocaine Sales to Boost Italian GDP in Boon for Budget - Bloomberg

  2. #2
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: Cocaine Sales to Boost Italian GDP in Boon for Budget

    'A year ago it was the US which first "boosted" America's GDP by $500 billion - literally out of thin air - when it arbitrarily decided to include "intangibles" to the components that 'make up' GDP (in the process cutting over 5% from the US Debt/GDP ratio). Then Spain joined the fray. Then Greece. Then the UK. Then Nigeria, which showed those deveoped Keynesian basket cases how it is really done, when it doubled the size of its GDP overnight when it decided to change the base year of its GDP calculations. Now it is Italy's turn, and like everything else Italy does, this latest "revision" of the definition of GDP easily wins in the style points category. As Bloomberg reports, "Italy will include prostitution and illegal drug sales in the gross domestic product calculation this year." Yup: blow and hookers. And that, ladies and gents, how it's done.'

    Hookers And Blow: How Changing The Definition Of GDP Officially Jumped The Shark | Zero Hedge

  3. #3
    Sage
    KevinKohler's Avatar
    Join Date
    Oct 2011
    Location
    CT
    Last Seen
    Yesterday @ 09:00 PM
    Gender
    Lean
    Undisclosed
    Posts
    15,989
    Blog Entries
    1

    Re: Cocaine Sales to Boost Italian GDP in Boon for Budget

    In anticipation of the US legalizing pot...maybe?

    Seems to me, the only "GDP" worth mentioning is the taxed kind...
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  4. #4
    Sit Nomine Digna
    Carjosse's Avatar
    Join Date
    Jul 2012
    Location
    Montreal, QC, Canada
    Last Seen
    Today @ 10:43 AM
    Gender
    Lean
    Liberal
    Posts
    11,205

    Re: Cocaine Sales to Boost Italian GDP in Boon for Budget

    Italy will now have the fastest growing economy in the world.

  5. #5
    Sage


    Thoreau72's Avatar
    Join Date
    Sep 2012
    Last Seen
    Today @ 11:27 AM
    Gender
    Lean
    Libertarian
    Posts
    20,305

    Re: Cocaine Sales to Boost Italian GDP in Boon for Budget

    Smoke & Mirrors is the best way to describe most government reports, whether unemployment, cost of living, inflation, body counts in wars or pretty much anything else. All they do is cook the numbers to give the rose-colored glasses effect to its propaganda efforts.

  6. #6
    Guru

    Join Date
    Aug 2011
    Location
    In a Blue State
    Last Seen
    Today @ 09:42 AM
    Gender
    Lean
    Libertarian
    Posts
    4,733

    Re: Cocaine Sales to Boost Italian GDP in Boon for Budget

    Quote Originally Posted by Carjosse View Post
    Italy will now have the fastest growing economy in the world.
    And they are going to get a lot of projects done...dentistry will be a booming business as well.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

  7. #7
    Sage

    Join Date
    Feb 2013
    Last Seen
    12-04-17 @ 09:36 AM
    Gender
    Lean
    Libertarian
    Posts
    12,361

    Re: Cocaine Sales to Boost Italian GDP in Boon for Budget

    Quote Originally Posted by Carjosse View Post
    Italy will now have the fastest growing economy in the world.
    I wonder where they get the sales figures for these elements of the economy. Probably the same place our federal government gets them.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •