€3 trillion of ECB currency printed
No real prosperity is created
2% per year inflation is the norm
Propping up an insolvent financial system
Globalist Lagarde will grab more political EU-power
Fiat currencies always die
(The Final Wakeup Call)
The ultimate scam
Since 2012, ECB president Mario Draghi has famously dubbed the euro “irreversible”; he would do whatever was necessary to preserve it. But whatever Draghi sees as necessary will eventually be seen as intolerable in creditor countries like Germany, The Netherlands, and Finland, which view the euro’s costs as greater than its benefits. In an era of one financial scam after another, central bank money printing to buy sovereign debt is perhaps the ultimate scam. They’re printing money to support the value of government paper. In one word, it is criminal. 90 of the largest European banks must refinance €5.4 trillion of their own debt over the coming months, which equals 45% of GDP, while they have not even accounted for the €1,5 – €2 trillion in sovereign debt that must be simultaneously refinanced over the same period. →
Read more via The Final Wakeup Call
Growing Debt Burden
The flip side of credit is debt, and this is where the problem lies. There’s no limit to how much real money can be created. In a world of real money: each additional currency unit represents additional wealth. But with fiat credit or debt-money it is different. With credit, spending can be increased dramatically. But there is a limit to how much can be borrowed. Eventually, a point is reached where the cash flow dries up to service the interest on the debt. Then the system is insolvent, and broke.
Read more via Final Wakeup Call: Threat by Exponential Debt — Era of Light
Fair trade economy
Over the last 30 years, through central bank stimulus policies, at least $21,5 trillion in fake money has been added to the global monetary base. This fake money has financed far more real estate and factories than was needed. It has driven the real estate and stock market prices up tenfold and has made Wall Street rich.
It has also turned millions of voters against their own elite-class, resulting in Donald Trump being elected as President in the U.S. But now, China’s and Western credit bubbles are even bigger than ever before and have been pumped up to even more absurd levels. Now, these bubbles are ready to pop at any moment. With the stock market bubble, boasting prices even higher, relative to GDP, than in 1929 or 2007 – it is all set to burst. The entire, crazy mainstream media keeps people focused on unimportant issues and nonsense, but they have never mentioned the negative side effects of the tremendous increase of the money supply.
The important fact at this moment in time is, who will gain the narrative regarding the cause of the imminent blow-up of the economy, will it be President Trump or the Central Banksters. It looks like President Trump and his Alliance team have undertaken a very ingenious endeavour, by lying about the performance of today’s economy. Just, like all the Presidents before him, he is diverting the blame from himself, and directing it to the central banks who have intentionally caused today’s and all previous economic misères……Read more
via Free Market Economy — Era of Light