Can't Fix Debt With More Debt
The Atlantis Report
Consumer Prices, Unemployment, and Taxes all Going UP , The Carter Years All over Again
Premiered 3 hours ago
First print up tons of new money and hand it to the rich for a decade so they can buy all assets up.
Then, let inflation rip to inflate the value of the assets.
Crash the economy to force the weak hands to dump assets for the rich to buy.
Lather, rinse, repeat. Now our national debt is rapidly speeding toward the 30 trillion dollar mark, and the government would borrow and spend an additional 10 trillion dollars.
$30 trillion debt rising at a 3 trillion a year. The banks failing with trillions in derivatives going down and taking the $1.5 quadrillion in global derivatives with them.
The last remaining prop of the dollar gets taken out, the petro dollar.Dollar decline increasing day by day!
How many trillions did Uncle Sammy just borrow into existence? How many more trillion will he borrow into existence this fiscal year?
The government is the borrower of last resort, and the central bank will lend to infinity, and beyond!
Tons more debt, two months of economic paralysis, and it's happening worldwide!
This isn't the cause of the world's debt problems, but it might be the excuse needed for the actual cure.
For the full transcript go to https://financearmageddon.blogspot.com