The economy crisis is near. Many people are warning us of this. Peter Schiff, Gerald Celente, Mark Faber, Ron Paul and many more. The Central Banks are printing money and giving it to other Countries who are also having their own economy collapse.
The fact that austerity is having such an impact shows how addicted we have become to debt, ever increasing amounts of it. Getting off this treadmill is painful because the only way is to supress economic activity and redirect public and private funds toward paying down debt.Debt never sleeps. It does not go on vacation. It demands our attention above all else. It is the monkey on our back. It stalks us constantly. It can buy us momentary happiness through alcohol. However, the morning after we are left with a splitting headache.
Years ago debt was our friend, or so the banks told us. Little did we know that they were drilling a hole into our wallets through which to suck away our dreams
This is similar to the 1930s. The US and European banks are basically dysfunctional and just a bunch of despair all around. A great big war moved economies out of the Depression and things began to improve. We should be so lucky to have a war that will set things straight for us this time. They have already blown the money on the wars and it didn’t help. In fact, how could more war help when places like the US have already overextended themselves? I don’t understand the mechanics of inflation entirely, but that might be one route that the policy makers are looking at to dig themselves out of the hole. They simply pay off the older debt with the new inflated money supply. What else are they going to do since the system is entrenched as we know it to be? Is this our next bubble – the super inflated economy?
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