It’s always been unpleasant to imagine the kind of scenarios that Michel Chossudovsky, Canadian professor of economics, describes in his excellent video The Global Financial Crisis.
But the statistics of the UK Budget figures over the last 10 years paint exactly that picture, if only one has eyes to see it, it seems:
- bankruptcy of the real economy
- spiralling public debt
- centralization of corporate power
- concentration of wealth
- globalization of poverty.
Historic US budgets tell another story on top of confirming the increase in indebtedness through a rising budget deficit.
Now it enters people’s imagination: the possibility that the New World Order aims at one world government with “emasculated” nation states.
This article on OpEdNews.com is a good sign for the fact that people don’t understand the severity and impact of national debts:
- the continuous loss of purchasing power
- the steadily increasing dependence on banks and central banks
- the growing dependence of successive governments on more and more borrowing.
This is how, gradually, the New World Order could establish itself, aiming at more and more
- concentration of power
- centralisation of control
- governance by one world currency.
Sovereign debt hangs like an albatross around the necks of too many countries.
This is the first sentence of an insightful article by The International Forecaster.
The perspective is not only the one of an investor, but also mainly American. But investors “see more” than academics!
This blog post puts the EU and Greece excellently into the general debt perspective of our system, with central banks and governments as its key players, in a mortal embrace.
Remember: the money supply of a nation consists of
- Cash issued by government as notes and coins – interest-free – raising seigniorage as income
- Credit issued by banks at interest.
The budget deficit of a government consists of the difference between income and expenditure.
Government income consists of taxation and borrowing, since seigniorage has more and more decreased and is being ignored in general budget figures.
- In the UK, the hole of the budgetary deficit is filled by …
- Public Spending Borrowing Requirment (PSBR).
I.e. the tightening of public debt spirals is built in; with every annual budget – according to seemingly “good” and even “golden” fiscal rules.
And that means: dependency of governments by supranational bureaucracies such as the EU. Euroland is the first of such “world regions” that the Single Global Currency Association and other questionable groupings of the global financial elite are advocating.
London Firm was Created to Route Cash
This article in the Wall Street Journal shows how the “funny money” that banks create out of thin air as “financial products” and “derivatives” is short of a farce, if not con and fraud, or “legal forgery” as one author describes it.
However, we’ve come to realise that the Rule of Law is not in place.
Whereas you have to subscribe to read the full article in the Wall Street Journal, the Gold Anti-Trust Action Committee (GATA) has published it here.
This article in the Australian Daily Telegraph yesterday is nicely coincidental, as I have decided to publish this blog in English, having launched the equivalent in German in November 2009.
After all, the Bank for International Settlements (BIS) in Basel, Switzerland, is the central bank of all central banks. Furthermore, the European Central Bank (ECB) in Frankfurt, Germany, is the first of “regional” central banks that are planned by the globalisers.
In contrast to us localizers, globalisers aim at one world government with Special Drawing Rights as one world currency and the International Monetary Fund (IMF) as global central bank.