Monday, October 3, 2016

World Bank KY Jelly Data

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Roll out the KY jelly, set aside a pair of non-latex rubber gloves and if you can still bend over, get prepared for another you know what.

Here's a case of attempted damage control at its most insulting. A new report from those bureaucrats at the World Bank want to slide this one past you, according to the Financial Times: "World more equal since financial crisis, says report."

"Despite popular belief," the Times notes, discussing the report from the World Bank, "the world became a more equal place after the global financial crisis, with twice as many countries seeing declines in inequality as increases."

A guy named, Francisco Ferreira, the WB head bureaucrat for poverty research, called "the findings 'myth-breaking'," the Times notes. Besides the obvious timing of this release, there's no mention of how they arrived as such "myth-breaking" results. But that's hardly the phoniest part. All you people living in industrialized societies are better off as the gaps there declined not increased.

According to World Bank data shared with the Times, the UK was "the industrialized economy that saw the biggest decline in inequality after the crisis. Others include the US, Germany, Brazil and China." Talk about shooting a shot across the bow of those damned evil populists, Brexit and Trump supporters, not to leave out those crusty, austerity-crazy Germans, this gives you some idea of what these insulated bureaucrats and elitists think of you.

"But the new study by the World Bank researchers found that inequality within countries actually decreased since the 2008 crisis, with big industrial economies the winners," the Times went on.

Now it's obvious too the good Mr. Ferreira hasn't spent the last five years driving LA freeways otherwise his data would've included the huge increase in the number of homeless folks standing at the base of exit and on ramp lanes, holding up signs asking for jobs, money, food and whatever. Now many of these unfortunates are savvy enough to populates those spaces in wealthier areas. We don't have any data how successful they are versus the ones who stand in such place in less wealthy areas, but maybe that's a study the bureaucrats at the World Bank could undertake.

 Mr. Ferreira goes on, per the Times, to mention between 2012 and 2013 "100 million people falling out out poverty." But what he fails to state is the number of bureaucrats at places like the World Bank and the IMF falling out of reality during the same period.

We told you, these people have utter contempt for you and yours. The only things they want are your tax dollar and your vote.

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