Articles NewsFlow Gold & Silver Prices Market Briefing

Recevez notre Marketbriefing

In the same category
Now Let’s Get Rid Of The Income Tax Nathan Lewis The Current Account Deficit Nathan Lewis The Current Account Deficit #2: Savings and Investment Nathan Lewis The Current Account Deficit #3: Complete Nonsense Nathan Lewis

overtheedge
Member since May 2012
680 commentaries - 6 followers

6 followers

has posted a comment on the article :

Footnotes on Myths, Lies, Deceptions, Millstones

- Jim Willie CB - Hat Trick Letter

Good article.

One interesting note on the graph of electrical usage is easily missed. That 3.5% reduction is after $1T USD debt is added to the economy per year. With roughly $16T USD of debt, this means inflating the debt by 6%.

6% + X = -3.5% reduction in electrical usage. "X" being the percentage of economic growth that would exist without adding 6% to the debt.
Could this mean X = -9.5%, worse or better? That 6% might be just barely keeping many businesses alive but on life-support. So worse is a real possibility.

Electrical usage is quite indicative of economic growth.
-----------------

One thing on the adoption of the new monetary system that must be considered. Each country will get real serious about their "balance of trade". This will probably have an inhibitory effect on international trade. Anything that reduces international trade will get the bankers really going and this means buying politicians. Nothing will change. Government will need more money. And the jobs won't be coming back.

You are right about the future status of the US. I'm thinking of British Colonial India or maybe Rhodesia just before Mugabe and Co. got control. Its gonna get ugly with the loss of the American Exceptionalism entitlement mentality.

Be prepared for talking heads to exhort the citizenry to take in one another's laundry in order to set the economy right. Simply because:
"My gut tells me that United States will be the last to participate, and the first to fall into the Third World."
Pride MUST be eliminated before the patient can be helped.

Commented 4087 days ago

Send

Beginning of the headline :Many are the myths held so firm by the public. Many are the lies told so boldly by the leaders. Many are the millstones around the neck of the system that is fast losing its momentum. Many are the frauds committed routinely in full view. The entire US system is unraveling, myths exposed, lies contradicted, while the millstones weigh down the financial and economic system. The absent Gold Standard, the invalidity of money, the insolvency of banks, the toxic nature of sovereign debt, the illegitim... Read More

Reply to this comment

You must be logged in to comment an article

8000 characters max.

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis