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"Hookers & Blow" Lift Britain Over France As World's 5th Largest Economy
Britain has inched out France as the world's fifth-largest economy thanks to what The Telegraph calls "a shake-up" of the national accounts this summer.
UK gross domestic product (GDP) is expected to total $2.828 trillion (£1.816 trillion) this year, compared with French GDP of $2.827 trillion, as The Centre for Economics and Business Research (CEBR) said Britain's acceleration was boosted by the inclusion of sex and drugs to UK growth (as part of new pan-European accounting standards). Official estimates show prostitution added about £5.7bn to the UK economy in 2013, while illegal drugs were worth about £6.62bn. One question - how did they estimate it?
Britain spends more on illegal drugs than it does on Beer or Spirits (liquor)
And more on "Hookers and Blow" than on Vegetables, Milk, or footwear...
Guesswork?
The ONS's methodology for calculating how much prostitution is worth to the economy is based on extrapolating figures about the number of sex workers in London for the rest of the UK. However, this survey data, which is from 2004, excludes male prostitutes.
According to one estimate by Andrew Fogg, 42pc of all sex workers in the UK are male, making their omission a significant gap in the ONS's calculations. Other economists have also labelled the attempts to estimate the size of illegal economic activity as little more than "guesswork".
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Brings a whole new meaning to the phrase "Buy British"
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hahahahaha!!!
I think by "hookers and blow" they mean "paedophilia and ritual sacrifice"
Stockbrokers and bankers finally contributing to the GDP.
They were always included as 'invisible earnings' for as long as I can remember to
the UK GDP..
Whats another number pulled from the air going to change ?
Lord knows the Ministry of Plenty cannot reduce the debt, so they must find some way to optically and mathematically increase GDP, anything to try to keep the Debt:GDP ratio close to the requirement.
Next up?
All the plants in the UK produce oxygen as a byproduct of photosynthesis. I know O2 is worth something, and I know they are not yet including it in GDP. Voila!
Queen mom bj?
In the vault, just behind the lead Gordon sold.
All the animals and people in the UK produce CO2 necessary for plants to live.
This is easily another several billion pounds in annual GDP !
Must I do all the thinking around here?
hookers, eh? then i'm proud to say "i'm long"...
The racketeers aren't counting the freshwater that falls as rain on the UK.
That drinking water isn't free!
Billions of pounds of unaccounted for annual GDP just waiting to be offset with more debt.
What is the value of the wind to a sailor? It is something.
In the summer, the UK saves a ton of money and energy by not needing air conditioning thanks to the cool breeze.
It is unfair that tropical nations get to count the energy spent on air conditioning and ac equipment towards their GDP! Brilliant! I just identified another few bilion pounds per year!!!!
I should be knighted.
Wasn't it one of those famous British Admirals who said, "Give me Hookers or Give me Death !"
I think the name was something like Whore Ratio I'll Blow Her.
For service to the The City of London and the BofE, for excellence in the creative allowance of MOAR sovereign debt, thou are to be knownst as Sir_hedgeless_horseman Supreme Chancellor and Fabricator of GDP, as appointed by Her Royal Highness, that looting whore, whatever her name is, mother to a worthless twirp, grandmother to an invader of a foreign nation and killer of woman and children from miles away using chemical weapons delivered by Hellfire missile...Prince Harry the hero of all England!
Amen.
;-)
Sick of all lies ...
God bless you Hedge. And that's a lot of words for a non believer.
"The racketeers aren't counting the freshwater that falls as rain on the UK.
That drinking water isn't free!
Billions of pounds of unaccounted for annual GDP just waiting to be offset with more debt."
Let's not forget the citizens busily converting calories into heat while staring at their iShit in their living rooms.
There's BTUs being delivered for residential use there. If Gasprom's BTUs can count towards Russian GDP, fatty BTUs should get counted towards their respective nation's GDP.
They aren't estimates--that's what is spent by the Houses of Parliament
Since when did Prince Harry fire on civilians? That is just crap you made up due to your hatred of the Royal Family.
Unlike the ponces in the US government who keep their children safely at home as they send poor folks kids to take the risks of the battlefield the Queens family serves in combat.
Phillip was on a warship in the second world war (the same war the queen lost an uncle in when shot down by the Germans), Andrew flew in the Falklands, Harry in A'stan (both on the ground in front line fireposts and flying combat missions) and William flies rescue missions off Britains stormy coasts.
Better to have a Queen who serves her subjects than a Presidente who fucks his subjects.
Better to have a Queen who serves her subjects than a Presidente who fucks his subjects.
Yes, quite right, it would be better. Please let us all know when it starts happening.
Unlike blah blah blah the Queens family serves in combat.
Lulz. Serves? Serves whom?
So you think he fired on and killed Afghan army soldiers? The Ministry of Truth is very effective, apparently, with the propaganda.
Please remind me why, exactly, the UK invaded and occupied the sovereign nation of Afghanistan 13 years ago. From what grave threat is the brave prince defending his nation?
The taliban was the de facto Afghan army until the end of 2001 (having siezed power over most of the country in the mid 90s). They were a legitimate target for the British army as the taliban provided material support foe al qaida (who had killed British nationals). The British also had the authority of the Northern Alliance who became the rulers of Afghanistan after coming out on top of the civil war that had existed from about 1995-2001.
Unlike you westerners I don't follow your MSM so I don't follow your propaganda line.
"Please remind me why, exactly, the UK invaded and occupied the sovereign nation of Afghanistan 13 years ago. From what grave threat is the brave prince defending his nation?"
because of Freedom Fries? I definitely remember Freedom Fries attempting at the life of a seniour bush called MIC
This pawn actually defends the monarchy of the British and Commonwealth?! Really?? I mean, is the House Saxe-Coburg and Gotha and more recently, due to the anti-German feeling during the First World War, (Mountbatten-)Windsor defensible in any way by a reasoning human?
Wonders never cease, and the crap people will believe simply staggers the imagination.
one guy has a Queen, the other has a... Flag. now, if I remember correctly, some hold their Flag in the same regard as this guy his Queen
Your Knighting Ceremony should be added to GDP as well. Also as a new conferee, your new title has value and as an added bonus your title can be transferred for a price.
They could start selling fractionalized ownership of a knighthood.
I can picture it now....
For the Low Low price of ONLY 10,000 pounds! *
You get to be a pompous ass for (a day) 24 hours per year for life...only 364 left at this once in a lifetime price...better act fast.
I should charge for this shit, im a natural!
RIPS
*Payable to the City of London, not to be confused with London
I have moar trust in your GDP Hedgeless. Small but true.
Well the Ukraine girls really knock me out...
They leave the west behind...
Judging by all the ads I see, they want to leave the east behind now.
And the Northern girls with the way they kiss,
They keep their boyfriends warm at night.
The City ‘o London gals are best,
Their legs are long, smooth as if Blessed,
Their Smiles seductive,
Their Booty productive,
Some lads ne'er give it a rest.
The Russians I know (and I know several, having been to St. Petersburg twice in the mid-aughts) tell me that they see dating ads on the sidebars of ZeroHedge with nothing but western girls; in fact, at least three times as many as we see on the sidebars here in the west.
It's time to go long, BEING long...
If illegal drugs and prostitution are included, where's blackmail, robbery and burglary?
Exactly what I was thinking and where are the numbers for murder-for-hire? ;-)
Hmm according to wiki 78% of British GDP comes from the finanacial services industry.
So does that mean (casino) financial services + personal services + self medication goods & services + UK MIC = nearly 98% of UK GDP?
They estimated hookers and blow using a percentage of bankster salaries and bonuses.
10%? 20%? I wouldn't know.
I'm embarrassed to say, but I would.
;-)
"One question - how did they estimate it?"
That's an easy one...Just like here, they control it.
Imagine the numbers when they start counting bribes and extortion. Positively booming.
I read years ago about businessmen in NY & NJ taking tax deductions on bribes as a normal cost of doing business.
So did Boeing if you remember.
I saw one of those change hands in Bahrain, the 'courier' was an extremely attractive blond.
From the time spent in there,she was part of the bribe.
Perhaps if they included pedophile activities they might even come 4th.
Some Westminster MPs and Lords spend 50% of their income on abuse parties in Dolphin Square
mmm so if that's true... maybe various sources of different depths like , J Coleman, C Wheeler, F Springmeier, Alan Watt and even Jim Willie's are kinda on track with a few seemingly high octane statements? Certainly Alan Watt has made me see twisted 'symbols' and corp logos in a way I cannot un-see anytime I turn on the teevee.
Gotta say we seem to have gotten the wrong end of the stick with the enemy at home. While we object to fake threats many of our local kids and women seem to be at risk for a life that in, say, 'ordinary' circumstances would not be their lot in life. Seriously the uptick in prostitution in Greece for example, has to make many folks here feel uneasy - that's how vulnerable our family becomes under austerity. Its as exciting as the Thai hookers working 'cheerfully' to save their pre-pubsecent sisters and brothers. Guys, as you know, its not always a happy voluntary journey to being a hooker... its a great reason to add to your pissed off list when we might (?) actually stand up one day to demand rather than "vote" for freedom.
Can we not include bribes for politicians in the GDP? That should really boost the economy.
And let's not forget that the US, the paragon of truth and virtue, added $500 billion to its GDP in July 2013 mainly for iTunes and such intangibles:
US GDP Will Be Revised Higher By $500 Billion Following Addition Of "Intangibles" To Economyhttp://www.zerohedge.com/news/2013-04-21/us-gdp-will-be-revised-higher-5...
If anyone believes that GDP numbers bear any relation to reality they may want to cut back on their drug usage.
They can include bribes in GDP - it will triple
well they have included rehypoth N times and banksta bonus Y times; so why shouldn't laundered money be part of it?
Useless Eater Falak Pema Yen Cross ebworthen logicalman just observing et al on the same page .... good times .... trolls on holiday
OT Tylers but this banker suicide issue has an intetesting new twist:
http://wallstreetonparade.com/2014/12/slain-massmutual-executive-held-wa...
Interesting stuff. Amazes me because life insurance as an "investment" is known as a loser in most of the financial world. A necessary evil to buy protection you hope is never used. Few make money off of it. The only way it would make sense would be if one actually knew specific mortality info on the insured. Wait.... what?
"Keep Calm and Party On"
So all we need to do is get an adjusted GDP that includes the value of sex within marriages, then mandate married couples have sex more often, and we can grow the economy to the moon.
So the British.gov counts prostitution(is legal but not really) Prostitution in the United Kingdom - Wikipedia, the free encyclopedia as part of their GDP but isn't able to tax it or illegal drugs.
The Brits should take on the "Jumping Shark" as their national symbol.
Prostitution is legal, but the solicitation isn't. Bizarre but true.
LOL.
If I am paid a certain amount to dig a hole and subsequently I pay you the same amount to fill it again, double of that amount was added to GDP, right ?
Yep. Crash a car and repair it, so GDP is up.
hmm..war and war profiteers...
Boats and hoes!
This!!
Those charts are money shots.
Drugs okay, there are in all over the place in the world but ... English Prostitutes?
Ô ugly chicks ... just very drugged and drunk to face those barangas ... Kkkkkkkkkkkkkkkk.
European in general or do not like to bathe or have mustaches (south), sometimes both, know what I mean.
Russian that chipped cold take over bath a week that most French.
Ihhhhh, I think it said too much, I took a lot of beer ....
hehe.
I hope my wife does not read this ...
Kkkkkkkkkkkkkkk!
She's over on the other thread publishing her fantasizing about the poolboy.
Drugs and prostitute spending? They polled the Members of Parliament and extrapolated from that.
One question -
how did they estimate it?
Senior level civil servants had to work lots of overtime in order to adequately sample those markets.
Says a lot about the moral bankruptcy of The Turds That Be that they not only prefer not to effectively police such activities (of which they are disproportionately fond) but in fact now openly rely on them.
The banksters were able to skim the cream of the profits from making drugs illegal.
The British are coming. Somebody call the police.
Christine Keeler/ Mandy Rice-Davies's grand-daughters and Rolling Stone's grand-sons !
Some payback for Harold Wilson's UK.
Ha, ha, ha, Labour UK is now doing its bit to out-do Cameron's City shitty Oligarchy Londonistan.
see, they told you the muslum immigrants would contribute.
they left out, (for this year), sex trafficing from the gdp.
wait til they add their health-care tax into their gdp, as america has done, they'll give germany a run.
i googled eu. gdp per country, i couldn't help but to laugh, they're listed as sovereign countries, does this make the 99% feel better?
Drugs, Prostitution, & next year we'll be including muggings, burglary, and trade in stolen goods. The entire cabinet and the previous one really are a bunch of criminals.
Seriously dont know the going rates, but at about £100 per fuck £5.7 billion would be about 57 million visits to hookers, or about 2 visits per male of any age in England, I think. Limit it to men "of age" and you get to about 3 visits per male and assuming only about 1 in 20 (max) partakes, you get to 60 visits annually minimum per dude who visits hookers.
May be right, I dont know, but it sound like the NHS (National Hooker Service) in the UK consulted with the BLS to learn some math.
Other economists have also labelled the attempts to estimate the size of illegal economic activity as little more than "guesswork".
Isn't that all they do anyway in eCONomics?
Economics is a subset of warfare. Success in warfare is based on deceits and treacheries. Financial success is based on enforcing frauds.
"The French, understandably upset at losing out to Britain, has allowed the Minister of Prostitution to increase the union rate 5 Euros until they can reclaim the #5 spot."
"Our prostitutes will not take this insult lying down." the Minister was quoted in the Q&A session after the announcement."
http://www.washingtonpost.com/blogs/worldviews/wp/2013/10/22/japans-sexu...
People in Japan are so averse to romantic relationships that the country's media even has a name for it: sekkusu shinai shokogun, or "celibacy syndrome," according to a widely circulated Guardian story on the country's low rates of marriage, childbearing and even sex.
But this is more than a story about Japan and its cultural quirks: It's a story about the global economy. Japan is the world's third-largest economy, a crucial link in global trade and a significant factor everyone else's economic well-being. It owns almost as much U.S. debt as does China. It's a top trading partner of the U.S., China and lots of other countries. The Japanese economy is in serious enough trouble that it could set the rest of us back. And the biggest source of that trouble is demographic: Japanese people aren't having enough kids to sustain a healthy economy. One big reason they're having fewer kids is that they're not as interested in dating or marrying one another, in part because they're less interested in sex.
They might want to consider adding micro amounts of testosterone to the tap water supply. Small amounts of clomiphene citrate could do the trick too, with the added benefit of increased fertility.
After all, the problem is almost guaranteed to be exacerbated (if not outright caused) by widespread presence of endocrine-disrupting xenoestrogens like bisphenol A, PCBs, and phthalates in Japan.
I don't think the problem here is aversion to dating or sex, but the acknowledgement that marriage and kids just isn't affordable or desirable.
if the EU included Russia, the EU would have a bigger economy than china's and only be second to america's.
Hookers n' blow is value added in that the herpies simplex virus
adds to GDP through the pharmaceutical industry sales on prescription
medications. General Practitioners also get extra visits to diagnose
the herpies and that facilitates markets for sexually transmitted diseases of every variety for increased business and economic
improvement of economic fundamentals in the long run.
Any other EU countries hinted at planning on adding additional 'black market' metrics to formal GDP figures this coming year?
In 2015 we'll be adding some cut of the retail price of 15 metric tons of high quality pot consumed by Alaskans each year to the tax rolls. Probably a little lost rev to the legal/prison industrial complex but I'm sure they'll figure something out to make ends meet.
Not a lot of prostitution cuz as we like to say up here, "You don't lose your girlfriend you just lose your turn...."
Well I learn today that I have happily contributed to Great Britain's GDP. God save the Queen!
"One question - how did they estimate it?"
Easy. Just take what the empty suit Cameron snorts each week and multiply it by 60 million.
If they Add PEDOPHILIA their GDP would be #1!!
Silver_K-9; pedophilia is foot fetish, paedophilia is kid fetish. A very common spelling mistake that can be used as a legal defence against prosecution for accessing kiddie porn (your honour, I was looking for pictures on the Web of Imelda Marcos shoes, not for paedophile images ).
all this money is going back to eastern EU countries like pol,uk, rus, etc ...
Oye, we Weimar(ed) some folks, again!
"British historian Sir Arthur Bryant describes throngs of child prostitutes outside the doors of the great Berlin hotels and restaurants. He adds: “Most of them—the night clubs and vice resorts—were owned and managed by Jews. And it was the Jews among the promoters of this trade who were remembered in after years.” [13]
http://www.darkmoon.me/2013/the-sexual-decadence-of-weimar-germany-by-la...
http://www.theoccidentalobserver.net/2012/01/the-german-jewish-kulturkam...
http://www.timesofisrael.com/thousands-of-slaves-in-israel-global-study-...
Welcome aboard, Ms. 7 weeks and 3 days. Are you a Left-Hander, CAIR rectum snooter, or a Buchenwald Oven Operator Union (BOOU) member? Just wondering.
I have seen an influx lately of either pro Kiev or pro Moskou trolls but I guess neo nazis at one point also discover sites like ZH and spew their hatred here.
And that is why all Jews of course needed to be exterminated. All of them -the office workers, the shopkeepers, the house wives, the teachers and doctors, etc.- because all of them were guilty of the crimes committed by a few.
Btw question: the costumers were Jews too or ordinary Germans who needed to kill the providers of these 'services' in order to atone for their own sins?
Fuck off from ZH, there are other sites for the likes of you.
How excatly do "they" collect that data? Do not trust a statistic that you have not fudged yourself.
MGTOW
https://www.youtube.com/channel/UCeCV-XNeZIoHiCGfNYCLh9Q
I wonder what the effect of marijuana has had on the US economies in those states that have legalized it. Effectively they have legalized gambling in many places for the very same reason. Inquiring minds want to know. Circling the drain has never felt so good.
Thanks to British open-door immigration practice, there is a very good assortment of service providers, ie all races and plenty of mixtures, in Britain to choose from. Can be difficult to understand them when they try to speak, even when they do not have something in their mouth. :-))
Come on! according to the graph, hookers and drugs is only a little less than the population spends on gas.....really?.....blow job and snow every week for everyone?
Anyone see any FRED, BEA, BLS stats on the new and improved marijuana economy? 1 in 8 over 12 smoking pot in Colorado. Too bad the libertarian permissibility of the lifestyle doesn't include an opt out in paying for the social net, at the end of a gun costs.
We were high.............and we fucked some folks.
Notice how they leave out all other criminal activity (as in BANKING)?
hookers and blow are not over rated. just ask the tylers.
You lump hookers and blow together, but not beer, spirits, and wine?
Chart is bullshit.
Guess work? Who do you think supports the the hookers and dealers? The polticians, high ranking civl servants, bankers and ceo's know exactly what a night out costs.
The high-wankers got together and tallied their own private expenses while assuming they'd robbed enough others on one else in London could afford a hooker! And there's your methodology.
And what's so bad about the destruction of the West's economy? It'll make the Chinese rich, and when everyone finds time to be crass, haha, goddmanit they will make a bitchload of money. That ne'erdowelling prostitute.
It just shows what a joke these figures have become, what next estimated begging receipts.
The British Government is no more than an arm of the City of London. London is the money laundering capital of the world. No big corporation pays any tax of note. The rich continue to get richer, and the poor, poorer.
The days of the elite exploiting the masses is becoming evermore transparent. Their days are numbered,and there will be a day of reckoning.
The British Government is no more than an arm of the City of London. London is the money laundering capital of the world. No big corporation pays any tax of note. The rich continue to get richer, and the poor, poorer.
The days of the elite exploiting the masses is becoming evermore transparent. Their days are numbered,and there will be a day of reckoning.
Is the child abuse included?
How much does the child abuse contribute?
Actual real us gdp may be 3-4T, or even much less.
The total tax take will exceed 3T this year,
approaching the satantic wet dream of 100% taxation.
They count stock market, usury, their debt, as gdp, multiple movements and transactions of the same
product multiply recounted, movement and transactions of foreign products counted.
Stock market is 100% correlated to afghan export. Fake war on drugs is to control competition and regulate trade
and sell domestic militarization hardware off taxpayer ass.
The stock market may be 35% of gdp. Their FDR rogue alphabet drug running infrastructure was not counted a negative
taxation on labor, before it was counted positive gov spending on cia and local police militarization.
How is no value add, no production, no product irs record keeping services and processes counted?
Do nearly all business and accounting services only exist for irs statute compliance waste, removing
value from production, which is negative gdp, or is it double counted as a false positive?
Are all negatives coming out of value deducted. No they are counted positives. Waste and graft and terror
are positives. When you turn a negative into a positive you inflated a 200% false positive. Counted fraud twice.
Did medical services create an economic value, did a worker returned to work, or prolonged their productive
longevity. Or are most sitting full time in the medical offices the obese who do not and never will work to return
a value called, domestic production.
All medical is counted as gdp, not productive medical that contributes to value.
Again creating many nested 200% false positives. Did the insurance theft on the labor get removed from the gdp before
it got added as non value medical spending. No the labor, the insurance theft, the medical spending all got
multiply recounted on the same single event of the original slave labor.
All this is arriving at most 2T actual gdp.
The missing part is they need cashless society so they can fully tax graft and reach 200% tax on gdp.
This pig is cooked.