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The banker historic run at gross hyper-capitalism casino of luck, i.e., 200-years of profiting from constantly compounding interest on debt-based paper money, is now ending; collapsing from the additional debt central bankers created in the aftermath of the 2008 financial crisis.Capitalisms uneasy balance between credit and debt has been fatally destabilized. Debt levels are so high, credit can no longer create sufficient growth to pay down or service what is owed. The banker endgame has entered its final stage.
Rather than address the underlying over-debt that detonated systemic risk that resulted in catastrophe, ECB, FED - quasi western policy had simply pumped more debt - just like US, Uk and everywhere else more debt is the problem to debt…From a starting point of the end of 2007 through 2015 global debt rose by $57 TLN to $199 TLN. As a percentage of global gross domestic product (GDP), global debt had risen to 286 percent from 269 percent.
Former advisor to president of federal reserve said
In banker endgame, the demand for credit, i.e. loans, collapses. This is where we are today. Loan growth has now entered negative territory; and, as a consequence, the world is on the precipice of another financial crisis. No one can cope with more debt and now You are all Fucked.Modern economics isn’t rocket science. It’s a debt-based ponzi-scheme dependent on constantly-expanding growth needed to pay down the constantly compounding interest accruing from the bankers’ issuance of money as debt.
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