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Are We In A Currency War?

4 Jan

In Japan, the new prime minister, Shinzo Abe, was put into office on a platform that was primarily based upon forcing the Bank of Japan to ramp up its stimulus efforts, indeed to run what amounts to unlimited easing until inflation hits a certain point (2%, in this case).What will happen when Japan kicks in with its own nuclear plans to drive down the yen, and Asia follows suit. Continue reading

World debt comparison

24 Dec

imagesThe clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock (updated September 2012) shows the global figure for almost all government debts in dollar terms.

Does it matter? After all, world governments owe the money to their own citizens, not to the Martians. But the rising total is important for two reasons. First, when debt rises faster than economic output (as it has been doing in recent years), higher government debt implies more state interference in the economy and higher taxes in the future. Second, debt must be rolled over at regular intervals. This creates a recurring popularity test for individual governments, rather as reality TV show contestants face a public phone vote every week. Fail that vote, as various euro-zone governments have done, and the country (and its neighbours) can be plunged into crisis. >>>The global debt clock<<<

Want to know how U.K.’s printing money is working?

19 Dec

U.K.'s money printing l

Contrary to what you hear from the academics and the mainstream press, there is no free lunch! Money and debt printing by the government to buy votes has a consequence and that consequence is Inflation. The government then TAXES you on the rise in wages purportedly to compensate for inflation which ensures that ordinary people who do not fully understand the nature of the fraud have no choice but to accumulate debt just to stand still because the government is effectively TAXING the INFLATION i.e. your wage increases CANNOT keep pace with real Inflation PLUS taxes, because there is no free lunch, government debt printing and fractional reserve banking money creation has to be paid for by someone and that someone is not the next generation but THIS generation. This is why despite working hard for all of ones lives many people still find that they have a mountain of debt outstanding, because it is not possible for most people to pay down the debt. The system IS designed to turn everyone and everything into debt slaves.

More from this click >>>here<<<

Who Owns U.S. National Debt?

12 Dec

Let’s start at the top. Who owns our $16 trillion national debt? Here’s the tally as of June 2012 (the most recent month for which data is available):

U.S debtAnd here’s the breakdown of the 10 largest foreign holders as of September:

U.S. debtSo who has purchased the $9.3 trillion in new debt issued over the last decade?

U.S. debt 2002-2012More from this click >>>here<<<

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