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Nothing but debt.
Most people never think about the fact that all our money currently is debt instruments. I give you a $ 5 bill. It is just a debt receipt. A treasury bond is a debt instrument drawn against American productivity. All our paper wealth is just debt receipts. One of the claimed attributes of "money" is that it must have intrinsic value. EVERY fiat paper currency in history has collapsed because it lacked this attribute.
The U.S. dollar was redeemable many years ago. The Bankers weaned us off this convertability over the decades. In 1964, the silver was removed from coins becasue "the price of silver had gone too high." The never mentioned that the value of the dollar had gone too low.
The bankers demanded an elastic currency so that they could live the good life and expand the anglo-AMERCAN empire. Britain was successful at getting it's colonies to pay for themselves. America didn't manage this and the empire cost us a LOT.
The bankers took our currency that was a store of value and replaced it with a currency that just denoted debt. This generally works for a short time,,, historically. Generally 30--40 years. The U.S. dollar is 42 years old as an unbacked currency.
Everything that is circulating is debt, NOT wealth. This eventually causes great distortion. NO debt is ever extinguished,,,, it's just paid off with more debt. ALL this debt carries an interest load. By rolling over the debt, the interest grows enormously. GOV prints to cover interest, principle, defaults,,, everything. How much does GOV print to cover this?
"Bank of Japan and Federal Reserve are printing
out of thin air approximately, $59,737 dollars per second,
$3.584 million per minute, $215.053 million per hour,
$5,161.290 million ($5.161 billion) per day & 160,000
million ($160 billion) per month & 2 million million dollars
($2 Trillion) over the next year"
http://www.tedbits.com/mailchimp_tem...Newsletter.pdf
This is only the FED and BOJ. The debt pile grows by the minute.
What is the effect of all this added debt ( includes intererst)? The debt actually has a negative effect eventually. "Negative marginal utility of debt"
" Eventually, the madness of trying to "borrow our way to prosperity" because inescapable. The additional debt produces zero gain in GDP, and even goes to negative. That's where we are now."
http://www.oftwominds.com/photos2011...saturation.jpg
It is considered very risky to set a date for collapse. Jim Sinclair has a page where he agrees with the European group GEAB. They have set a timetable for collapse.
"-end 2013, financial impact: collapse of financial markets especially in the US and Japan. Banks can no longer be saved by the states and BAIL-Ins are put in place;
-end 2013 / 2014 spreading to the real economy: The financial impasse causes / reveals a major world recession and the reduction of international trade;
-2014, social impact: The economic deterioration causes unemployment to explode, in the United States the dollar’s decline lowers the standard of living, riots mushroom everywhere;
-2014 political crisis: the governments of the most affected countries are under fire for their handling of the crisis, forced resignations and early elections are expected, if not coups;
-2014-2015, international management of the crisis: together Euroland and the BRICS impose a new international monetary system and lay down the basis of new global governance;
-2015: The least affected regions have exited the crisis definitively;
-2018: It will take the United States, the United Kingdom and Japan five years to purge themselves of the crisis with, ultimately, a greatly reduced standard of living and a considerable loss of global influence (resulting from their refusal to participate in the re-casting of global governance on new bases).”
2013 Crisis To Trump 2008 :: Jim Sinclair's Mineset
The GEAB group is socialist to the bone. The Eurozone was born as a socialist concept. GEAB puts a rosy slant on everything European. Time will tell if the timetable is correct.
Most people never think about the fact that all our money currently is debt instruments. I give you a $ 5 bill. It is just a debt receipt. A treasury bond is a debt instrument drawn against American productivity. All our paper wealth is just debt receipts. One of the claimed attributes of "money" is that it must have intrinsic value. EVERY fiat paper currency in history has collapsed because it lacked this attribute.
The U.S. dollar was redeemable many years ago. The Bankers weaned us off this convertability over the decades. In 1964, the silver was removed from coins becasue "the price of silver had gone too high." The never mentioned that the value of the dollar had gone too low.
The bankers demanded an elastic currency so that they could live the good life and expand the anglo-AMERCAN empire. Britain was successful at getting it's colonies to pay for themselves. America didn't manage this and the empire cost us a LOT.
The bankers took our currency that was a store of value and replaced it with a currency that just denoted debt. This generally works for a short time,,, historically. Generally 30--40 years. The U.S. dollar is 42 years old as an unbacked currency.
Everything that is circulating is debt, NOT wealth. This eventually causes great distortion. NO debt is ever extinguished,,,, it's just paid off with more debt. ALL this debt carries an interest load. By rolling over the debt, the interest grows enormously. GOV prints to cover interest, principle, defaults,,, everything. How much does GOV print to cover this?
"Bank of Japan and Federal Reserve are printing
out of thin air approximately, $59,737 dollars per second,
$3.584 million per minute, $215.053 million per hour,
$5,161.290 million ($5.161 billion) per day & 160,000
million ($160 billion) per month & 2 million million dollars
($2 Trillion) over the next year"
http://www.tedbits.com/mailchimp_tem...Newsletter.pdf
This is only the FED and BOJ. The debt pile grows by the minute.
What is the effect of all this added debt ( includes intererst)? The debt actually has a negative effect eventually. "Negative marginal utility of debt"
" Eventually, the madness of trying to "borrow our way to prosperity" because inescapable. The additional debt produces zero gain in GDP, and even goes to negative. That's where we are now."
http://www.oftwominds.com/photos2011...saturation.jpg
It is considered very risky to set a date for collapse. Jim Sinclair has a page where he agrees with the European group GEAB. They have set a timetable for collapse.
"-end 2013, financial impact: collapse of financial markets especially in the US and Japan. Banks can no longer be saved by the states and BAIL-Ins are put in place;
-end 2013 / 2014 spreading to the real economy: The financial impasse causes / reveals a major world recession and the reduction of international trade;
-2014, social impact: The economic deterioration causes unemployment to explode, in the United States the dollar’s decline lowers the standard of living, riots mushroom everywhere;
-2014 political crisis: the governments of the most affected countries are under fire for their handling of the crisis, forced resignations and early elections are expected, if not coups;
-2014-2015, international management of the crisis: together Euroland and the BRICS impose a new international monetary system and lay down the basis of new global governance;
-2015: The least affected regions have exited the crisis definitively;
-2018: It will take the United States, the United Kingdom and Japan five years to purge themselves of the crisis with, ultimately, a greatly reduced standard of living and a considerable loss of global influence (resulting from their refusal to participate in the re-casting of global governance on new bases).”
2013 Crisis To Trump 2008 :: Jim Sinclair's Mineset
The GEAB group is socialist to the bone. The Eurozone was born as a socialist concept. GEAB puts a rosy slant on everything European. Time will tell if the timetable is correct.
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