Category Archives: Nation States

Video: economic collapse explained in 3 minutes

This video is a great way of illustrating the absurdity of debt-based economies in general and national debts in particular.

The future of public debts: prospects and implications

This article shows the New World Order and its player, the Bank for International Settlement (BIS), in action: bankrupting states so that the invisible governments of central banks and banks can use ‘financial products’ and ‘monetary aggregates’ to control the real world and the real economy. In the name of freedom, democracy and law and order !?…

US Budgets (since 1901) and the Credit Crisis

The visible crisis effect in the UK budget deficit made me investigate the equivalent US figures.

The historic figures show how the two world wars were financed. The current budgets contain estimates until 2015. All data is downloaded from the Government’s Printing Office.

Please click on thumbnail to enlarge.

World War I in US dollars

World War II in US dollars

Steady increase in expenditure and income

The budget deficit going down

The crisis shows, albeit somewhat delayed

The crisis jump - but later than in the UK!

I was asked for the message that these charts paint:

  1. the US government seems to have financed WWI and WWII
  2. the budget deficit has been negligeable, except for war times
  3. the credit crisis made the deficit jump and continue to be way above its norm.

The Purpose of the Credit Crisis

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.

With sighs…

Plausible: Sovereign Default on a Global Scale

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 – The Implications for Currencies and Gold

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!

The Greek Tragedy

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.