A Tsunami of Debt is About to Sweep China and the Globe
A Tsunami of Debt is about to Sweep China and The Globe !
The Nomad Economist: Nov. 20, 2021
China has a load of questionable debt in its financial system. This is offset by U.S's enormous heap of dodgy debt floating around.
Fortunately for both, Europe is drowning in unmanageable debt and Japan's being crushed by unpayable mountains of debt.
Meanwhile, developing nations are being strangled by impossible loads of debt. Debt is money and money is debt, so it's all good.
All the Central Banks have to do is lower interest rates and provide more liquidity, thus spurring more debt creation and encouraging more investment in productive enterprises that will sprout as green shoots and soon blossom into full-fledged prosperity for all.
The only War is the National Old World Order, King's Bank, Monetary Theory Fraud, fiat debt deficit devaluation against the bona fide working and saving American People with the "World's Reserve Currency."
The US has to cut rates and start printing SOON to join in the fun race to the bottom. does anyone, I mean anyone, believe the fed cares about the best interest of the nation?
Does anyone believe that a "small group" of self interested maggot bankers who get huge speaking fees should set short term treasury rates?
Does anyone believe that the fed isn't politically biased? Fake Money ,Fake Debt , Fake News , Fake Markets , Fake Laws , Fake Leaders ,Fake Elections , Fake Investments , Fake Everything !!!
That's what we really have . The "chains of slavery" represented by that debt-based fiat are very, very REAL
Instead ! The central bank has been doing exactly what it was installed for. Creating massive bubbles then bursting them so the overlords could buy up all the failed institutions for pennies on the dollar.