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‘Dishonest to the Point of Misinformation’: Federal Reserve Dragged for Odd Defense Spending Graph

By Fantine Gardinier – Sputnik – 23.01.2023

After the St. Louis Federal Reserve tweeted out a highly misleading line graph of several nations’ defense expenditures on Monday, users highlighted its ham-fisted and deceptive nature with both humor and facts.

The tweet linked to a January 3 article about the patterns of defense spending around the world in light of the conflict in Ukraine, highlighting the steady and rapid increase of China’s military budget since the early 1990s.

However, the graph accompanying it, which was included in the tweet, has been modified in an unconventional way: while the spending by five of the nations is measured on the Y-axis on the left side of the graph, as is traditionally the case, for the line representing the United States, the Fed used a bizarre separate Y-axis on the right side of the graph.

As a result, at a glance it seems China’s spending has rocketed far above every other nation’s, including the United States’, when in fact it remains barely one-third of the amount.

As replies poured in denouncing the Fed’s deception, a few users tweeted accurate versions of the graph, if the US’ line had been placed on the same Y-axis scale as the other five nations.

Others tore into the Fed in a more rhetorical way, or simply clowned on the absurdity of the graph.

“If a student made this graph for a statistics 101 class, the teacher would give them an F,” quipped journalist Ben Norton. “But because it involves Washington’s public enemy number one, Beijing, the ‘experts’ at the St. Louis Fed were awarded a Golden Star for service in the New Cold War.”

“Congrats on making the most misleading chart of 2023 so far!” said one user. “This is dishonest to the point of misinformation,” wrote another.

One person joked the situation was another example of “American exceptionalism.”

Someone even dropped an image of the cover of the 1954 book “How to Lie With Statistics” by former tobacco lobbyist Darrel Huff, with the message “I see you’ve read one of my favorite books.”

Some dropped other graphs that they felt better illustrated the drama of the difference between US defense spending and that of other nations.

 

According to the Stockholm International Peace Research Institute (SIPRI), global military spending reached $2.1 trillion in 2021, with the US spending $804 billion of that by itself. By comparison, China spent $293 billion on its military that year. The US spent so much on its military, it spent more than the next nine countries combined, including China.

The most recent Pentagon budget, signed by US President Joe Biden last month, was a whopping $816.7 billion.

January 24, 2023 - Posted by | Deception, Militarism |

2 Comments »

  1. And WHO is responsible for the United States’ military spending? Why – it’s the JEWS. But apparently we’re not allowed to tell the truth, even when it means World War Three is going to start soon, if we don’t start naming those who WANT such a war – the Eternal Jew.

    Liked by 1 person

    Comment by Steve Jones | January 24, 2023 | Reply

  2. “Lies, Damn lies, and Statistics”…..Mark Twain.

    If we offer our honest opinions on the NET, they become Disinformation/Misinformation. If the Federal reserve Bank offer us blatantly false statistics, then, We become “Conspiracy theorists for disputing their “Bullsheet”.

    I say, wear these taunts as a badge of honour

    Like

    Comment by brianharryaustralia | January 25, 2023 | Reply


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