How quickly the national debt rises in the UK and how an app brings the problem to US phones

An interesting chart about the UK national debt by an interesting organisation: the Economic Research Council – with an explanation here, about the huge increase. How come I just read today that the PM claims the national deficit has been cut by more than a quarter? I suppose the deficit is not equal to the debt in his mind…

Also interesting is the previous chart:

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USdebt.kleptocracy.us: a great visualization of the US national debt

It’s too bad that most people don’t appreciate the significance of the national debt. In view of the visualization that simply illustrates the HUGE number of dollars, let me repeat my essential points here:

  1. Governments always had the right to mint their coins and print their notes
  2. In 1694, the Bank of England was established to lend the then King the first national debt at 8%; why was the King so naive, one has to ask
  3. Banks have gradually virtually replaced the interest-free money of governments (Cash) by interest-bearing Credit
  4. the national debt will never be paid back; but interest payments come in regularly to those who know about the issuance of national debt bonds and can afford to buy them
  5. by continuously increasing the need to pay more and more interest, the economy acquires an artificial pace and speed
  6. it is effectively a deep betrayal of the taxpayer who is made to believe that his taxes are the income of the state, when, in fact,
  • taxes are only a share of the income of the State
  • borrowing is the other source of income that could be entirely be replaced by governments printing their own money.

The argument that ‘printing money’ means creating ‘inflation’, is not accurate, since there are two kinds of inflation to consider:

  1. price inflation
  2. monetary inflation, i.e. the increase of the money supply.

The wise way would be to reduce the share of Credit in the money supply and to watch the Cash : Credit ratio go towards 50/50, as it was before WWII.

Here’s the visualisation of the US National Debt.

Iranian TV exposes Federal Reserve scam: Fed creates money for interest, not jobs!

Here is an interview by Iranian Press TV with Michael Burns, an American economist.

While he doesn’t answer the questions particularly well, at least the gist of what he’s saying is

  • that money is created from nothing and sold for “interest”
  • that the Fed didn’t solve the ‘crisis’ in 2008
  • that the American people were lied to.

 

The Emperor’s New Clothes: How to Pay off the National Debt & Give a 28.5% Tax Cut

This excellent article is published by the Irish Liberty Forum (ILF).

Its author is an entrpreneur who is dedicated to promoting the Austrian School of economics based on F A Hayek, which makes me somewhat sigh. For they ‘forget’ about the role of the state and think they can leave everything to’the market’…

Still, they do know about the difference between Cash and Credit and the devastating effect of the public debt…

Greece, Ireland and the EU bailouts: the end of democracy in Europe

This article spells out in no uncertain terms what’s happening:

  • the EU controls its member countries
  • the IMF controls the rest of the world
  • both use public debts as their medium of control.

The Bankruptcy Scam of 1933 – Part 1

This US video was published on Daily Paul – the blog relating to Dr. Ron Paul the tireless campaigner for monetary reform who is now in charge of a Congress Committee with which he might make a real difference.

The video spells out how ‘all things political’ are happening from, by, through and with ‘the banks’, including the ‘Banco Vaticano’.

Here is Part 2. There is a total of eleven videos in this series.

Central banks + banks + governments = same circus, different clowns!?…

Analogy of the bank bailoutAre enough people waking up to make a difference like this cartoonist? Click on the image to enlarge it.

Central banks create “money” from thin air, call it quantitative easing, sell it as “public debts” or “treasury bonds” to get interest payments, and people are in awe of fancy papers and words they don’t understand.

Banks do the same, while talking about “financial products”…

And governments? They play along and betray their tax payers. That’s why the Treasury gets staffed with Bilderberg attendees.

Institutions live longer than people. They follow the money to employ people. In 1694, the Bank of England was the second central bank after the Swedish Rijksbank 30 years earlier…

Same circus, different clowns!…