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 tree...