World Blog by humble servant.“Government borrowing is growing in all major economiies
Johnnie Ellington II
March 15, 2013 ·
“Government borrowing is growing in all major economies. Not only is government debt exploding, but in the US there is the illusion that corporate balance sheets are very strong. Well, as a matter of fact US corporate debt is at an all-time high. It’s at 80% of GDP.
“Consumer debt is rising too. In the meantime, respected economists around the world argue for more money printing. This week in the Financial Times, Martin Wolf said that Cameron was wrong with austerity. Wolf said, ‘There is a money tree, it’s called the Bank of England.’
He is saying that the Bank of England could print unlimited amounts of money or ‘grow money’ as he calls it. So what chance does the world have when top economists believe the world can prosper with printed money? Printed money only adds to misery and creates no wealth.
But these economists are right that there will be unlimited money printing. The Bank of England, Fed, ECB, will act as if money grows on trees. But an economy doesn’t prosper in real terms through borrowing and money printing, only through saving and investing. But nobody is saving today in the US, Europe, or in Japan. Therefore, we will not see real growth.
So what is happening now is that central banks around the world, through their money printing, are creating the most ideal conditions for the biggest bull market ever in gold, and we are just at the very beginning of that.”
“Debt is going up everywhere. Central banks are printing unlimited amounts. They’ve gone from $2 trillion to $12 trillion if you take all of the central banks’ balance sheets in the last 10 years. $10 trillion has been created by central banks.” Where were at ,an where were going is (very unnerving to say the least)! You must have gold insurance our gold or silver stocks with no debt and mineable oz. You just must! Cause it wont be you dont have money or a job but the world (has never seen cost push inflation world wide)! Come here !(You cant make enough money to sustain the (cost push of devaluation of printing and in real terms of of value it simply disappears. In some cases as you stand in the check line prices change its not that blatant yet but you have a sense right in everything you buy and the (PRESSURE OF THE PURCHASE AND THE EFFECT OF JUST GOING TO THE STORE)under standing is freedom!
March 15, 2013 ·
“Consumer debt is rising too. In the meantime, respected economists around the world argue for more money printing. This week in the Financial Times, Martin Wolf said that Cameron was wrong with austerity. Wolf said, ‘There is a money tree, it’s called the Bank of England.’
He is saying that the Bank of England could print unlimited amounts of money or ‘grow money’ as he calls it. So what chance does the world have when top economists believe the world can prosper with printed money? Printed money only adds to misery and creates no wealth.
But these economists are right that there will be unlimited money printing. The Bank of England, Fed, ECB, will act as if money grows on trees. But an economy doesn’t prosper in real terms through borrowing and money printing, only through saving and investing. But nobody is saving today in the US, Europe, or in Japan. Therefore, we will not see real growth.
So what is happening now is that central banks around the world, through their money printing, are creating the most ideal conditions for the biggest bull market ever in gold, and we are just at the very beginning of that.”
“Debt is going up everywhere. Central banks are printing unlimited amounts. They’ve gone from $2 trillion to $12 trillion if you take all of the central banks’ balance sheets in the last 10 years. $10 trillion has been created by central banks.” Where were at ,an where were going is (very unnerving to say the least)! You must have gold insurance our gold or silver stocks with no debt and mineable oz. You just must! Cause it wont be you dont have money or a job but the world (has never seen cost push inflation world wide)! Come here !(You cant make enough money to sustain the (cost push of devaluation of printing and in real terms of of value it simply disappears. In some cases as you stand in the check line prices change its not that blatant yet but you have a sense right in everything you buy and the (PRESSURE OF THE PURCHASE AND THE EFFECT OF JUST GOING TO THE STORE)under standing is freedom!
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