Forgot about this little factoid.
Seems that the Port of Los Angeles just couldn't get its December activity report out the door.
Hmmmm.
...The Bureau of Economic Analysis released the U.S. 4th Quarter GDP result (link). The value of imported goods is a deduction to the U.S. GDP. If the biggest port in the U.S. holds back their import cargo data, the resulting information cannot be deducted from the GDP. Missing data gives an artificial outlook for the GDP. Put another way, the 4th quarter GDP is inflated by the missing deduction.
From the position of the Biden administration, there is a perverse economic motive to keep all those import cargo ships from arriving.
Would the Port of Los Angeles intentionally hold back data in order to help the White House give a false and more optimistic impression of the U.S. economy? At first blush it might seem a stretch, but then – as if on cue – a few hours after the BEA made the public release, suddenly the Port of Los Angeles released their December data. In politics timing is never coincidental....
Certainly not the first time Your Government has lied to you; given what we know about the Bai-Den Regime, is is definitely not the last.
Now it's time to Question Everything! Just like back in the '60's!!
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