As I’ve said before, the debt-money system has a built-in debt/growth imperative, based as it is on compound interest.
Exponential growth cannot be sustained forever.
If debt MUST expand over time, it must be heaped upon either the private sector or the public sector.
When the debt carrying capacity of the private sector has been reached (as it has been now), the public sector must pick up the slack (as it has been doing for most of the past 100 years, but especially since 2008).
That is why I call government the “borrower of last resort.”
National governments are unique in being able to play this role because of their collusive arrangement with the banking cartel.
Once the government has absorbed all the available savings from the private sector, or if government debt cannot be marketed at acceptable rates of interest, the central bank will monetize the debt. That is the essence of inflation; generally rising prices are the result.
This recent article by Prof. Bill Quigley does a good job of describing the facts about the destruction of the middle class: Socialism? The Rich Are Winning the US Class War: Facts Show Rich Getting Richer, Everyone Else Poorer
Democracy is all but dead in the United Sates. Prof. Robert Reich, in his recent article, The Perfect Storm, outlines the dimensions of the situation. Now it’s up to “we the people” to do something about it.– t.h.g.
The National Inflation Association has just published an article titled, America’s Currency Crisis is Now Underway. I pretty much agree with their assessment but they are touting gold and silver investments as the best way for people to protect themselves. While a little bit of investment in precious metals may yield some short-term profits, I think our long-term survivability requires investment in those things that support life–food, clothing, shelter, energy, etc.
My advice is to shift your investments from Wall Street to Main Street. Before your nest-egg loses all its purchasing power, invest in local enterprises that make you and your community more self-reliant and secure.
Read what I wrote about that a few weeks ago in my article, Investing in Uncertain Times.
I, along with many others, have been trying to raise awareness about what the global elites have planned for us. The article, A Global Central Bank, Global Currency & World Government, is Andrew Marshall’s recent offering on the subject.
We’ve all been forced to play a game of real-life monopoly. The economy today is being milked, and we all are being parasitized by the banks and the government. Ever more people are beginning to understand the mechanics of how this is being done and looking for ways to protect themselves. The entire system of money and banking, with the help of top-level political leaders, has been structured to enable the few to exploit the many. The need is for a fundamental restructuring of money and the exchange process. In the meantime, there are some things that we can do to mitigate the effects of a corrupt system This article that appeared in AlterNet several months ago provides some advice.
10 Ways to Screw Over the Corporate Jackals Who’ve Been Screwing You
This presentation by Prof. Michael Hudson at this year’s conference of the American Monetary Institute is highly informative. Please pay close attention.