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http://www.businessinsider.com/henry-blodget-remind-us-againwhere-is-the-money-were-borrowing-going-to-come-from-2009-7

Elsewhere I have read that there is not enough money to lend to these schemes.

If they can't lend it they will print it. Because defaulting ain't an option for those guys

After you read the pie chart, remind yourself that the $5 trillion required merely services the debt. Think of it in terms of a logarithmic function: at the start of the doubling period for these debts, $5 trillion was the principal, not the interest. Holy crap.

It's not that complicated. Economic slavery created with the manmade construct of money and interest created out of nothing by banks.

The World Bank says that total world GDP in 2008 was $60 trillion.
That means we need to find almost 9% of world GDP to fund the new government debt.

Eventually the interest will gobble up the ever expanding money supply and this is why we are hearing every leader of central bank run countries calling for a New World "economic" Order. There is not much time left to pull this off without people catching on.

It is obvious the World Bank/IMF/BIS will be running the show soon enough and then we can all be issued our new world order debit cards and a big reset button is pushed.

The Panetary Bank owns everything and every new world citizen starts with a balance of 6billion/6 trillion= -$1000. It's gonna be awesome!

pablonite wrote:It's not that complicated. Economic slavery created with the manmade construct of money and interest created out of nothing by banks.

The World Bank says that total world GDP in 2008 was $60 trillion.
That means we need to find almost 9% of world GDP to fund the new government debt.

Eventually the interest will gobble up the ever expanding money supply and this is why we are hearing every leader of central bank run countries calling for a New World "economic" Order. There is not much time left to pull this off without people catching on.

It is obvious the World Bank/IMF/BIS will be running the show soon enough and then we can all be issued our new world order debit cards and a big reset button is pushed.

The Panetary Bank owns everything and every new world citizen starts with a balance of 6billion/6 trillion= -$1000. It's gonna be awesome!

money is national pride, not a mere number printed on paper.

It's astounding to think that a country like the United States is going to attempt to do 60% of the world's sovereign borrowing with only 23% of global economic output.

You don't need to be an economist to know that's not a good idea and it's certainly not sustainable.

I'm concerned about the state/local governments with bad credit ratings. The Market is going to crush them with high interest rates to make up for the giant cash vacuum of the Federal government.

bodigami wrote:money is national pride, not a mere number printed on paper.

Well I will agree with you on the second point considering only %3 of the "money" is in paper form in the US, the rest floats around at the speed of light in digital form. The numbers are similiar in all countries with fractional reserve banking.

Much of that floating is done on international currency markets which whether or not it is a matter of national pride is probably of little concern to currency traders and international bankers.