H/t reader squodgy:
“Bankers create “MONEY” from the air.
It is invisible.
They take your possessions and “LEND” you a lesser percentage against that, based on THEIR INVISIBLE CURRENCY.
THEY WIN…YOU LOSE.
Every now and again their greed for wealth and power corrupts them.
The decades of ‘LENDING’ invisible money gets too big.
It becomes ‘UNPAYABLE” and must lead to BAD DEBT or ‘DEFAULT’.
That is wgere we are now.
All Governments have overspent & borrowed.
All Banks have lent money from thin air to fund the Government spending.
It cannot continue because it is not sustainable.
Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.
– How Long Can Economic Reality Be Ignored?
Trump and Clinton have come out with the obligatory “economic plans.” Neither them nor their advisors, have any idea about what really needs to be done, but this is of no concern to the media.
The presstitutes operate according to “pay and say.” They say what they are paid to say and that is whatever serves the corporations and the government. This means that the presstitutes like Hitlery’s economic plan and do not like Trump’s.
Yesterday I listened to the NPR presstitutes say how Trump pretends to be in favor of free trade but really is against it, because he is against all the free trade agreements such as NAFTA, the Trans-Pacific and Trans-Atlantic partnerships. The presstitutes don’t know that these are not trade agreements. NAFTA is a “give away American jobs” agreement, and the so-called partnerships give away the sovereignty of countries in order to award global corporations immunity from laws. Continue reading »
Tags: Barack Obama, Collapse, Economy, Fed, Federal Reserve, Global News, Government, Obama administration, Paul Craig Roberts, Politics, U.S.