(1) Remember me asking why the Port of Los Angeles was not updating their December CARGO results?
Remember me asking about why this unusual delay?
(2) The BEA released their fourth quarter GDP data today.
bea.gov/news/2022/gros…
(3) A few hours later, again today, the Port of Los Angeles finally released their December totals.
portoflosangeles.org/business/stati…
(4) You know why that matters?
Because imports are deductions to the GDP equation.
By holding back the Dec port data, the import number to the BEA equation couldn't be deducted. The GDP data is manipulated (inflated) by not deducting the value of the December imports.
(5) Wasn't there a recent visit to the port of LA by someone attached to the White House?
Someone with a vested interest in manipulating the economic data to fit a fraudulent effort they began in October???
(6) Whoops, @RonaldKlain @WHCOS ,
LOL, yeah some of us are really good at staying focused on your trickery.
(7) The actual reason we were tracking this was to see if the ports really were increasing productivity as an outcome of the White House supply chain initiative.
...Or if this was all B.S.
Here's the October reminder.
whitehouse.gov/briefing-room/…
(8) Here's the actual results. You can see for yourself this "Progress at Our Ports: Moving Cargo and Filling Shelves” was all B.S.
Actual port productivity DROPPED.
portoflosangeles.org/business/stati…
(9) Instead, what they did was move the ships further offshore to hide what they were doing. To give the illusion of less congestion and increased effort.
They never put the ports on 24/7 operations. It was all a lie.
latimes.com/business/story…
(10) Here's the results from the Port of Long Beach.
polb.com/business/port-…
(11) It was all a ruse.
sanfrancisco.cbslocal.com/2022/01/10/por…
(12) So, now what we have is a situation where not only did the Biden administration manipulate a false impression of a port supply chain improvement.
They also leveraged the import reporting delay to inflate U.S. economic statistics.
(13) MSM will hide these empirical and demonstrable truths, but at least We The People know them.
/END
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