World wide debt

Discussion in 'Markets & Economies' started by Peter, Jul 16, 2011.

  1. Peter

    Peter Well-Known Member

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    Quote from article

    "But the creative rhetoric that has resulted in 2 + 2 equalling -4 since the deficit spending party got underway with the end of the Bretton Woods Agreement by the hand of Richard Milhouse Nixon is starting to disintegrate under its own inertia. The novelty and creativity of the formulas and structures, and subsequently, new language, required to continue funelling artificial dollars into broken down debt vehicles is yet insufficient and the charade is reaching its unavoidable and imminent end. Is it a coincidence that the debts, currencies, and economies of the top European, Asian and North American countries are all accelerating towards the brick wall of default at the exact same point in history? I smell a rat, or rather, a whole pack of rats. I think the ruling class, which is without a shadow of doubt corrupt beyond redemption, have figured out that if you bury your theft in a mountain of debt, it will never be found and you can ride off into the sunset undiscovered. Its time for the politicos and their brainwashed over-educated economists to disclose publicly both the amount of taxes paid on their sources of worldwide income."

    Click on
    http://www.kitco.com/ind/West/jul132011.html
     

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