It's not too hard to understand. Therefore the role of the MSM is keep the peasants talking about the issues without talking about the real issues. It is pretty clear the debts won't be repaid. Total world debt is something like $260T as reported. Therefore it is a guess. Derivatives exposure is much higher meaning people gambling with money they don't have. Which is rather funny because the $260T doesn't exist as real money either, its just 1 and 0's on a computer. How more more "money" can be lent? An infinite amount. This financial system is a scam once you accept the debt is irrelevant because more "money" is just a computer entry away. Thus you may think that sound, hard, real money may be better. Something not in infinite supply.
But let's get to the fact various countries are racking up debt. Let's also accept it is simply numbers on a computer screen with nothing tangible to limit its expansion. $260T debt now, why not make it $350T in 5 years.
So the difference comes down to what the debt is used for. One country uses it for something tangible or productive such as infrastructure, manufacturing, energy production and another puts it into "social" projects that not only don't do anything tangible but could be argued to create a lower level society. Now consider there is no real way the debt will be repaid as data suggests and the people lending and borrowing it all know this is as fact. A country like Canada could borrow to spend on "social" programs and also borrow more to invest in infrastructure like pipelines, refining, and a number of state of the art hospitals around the country. Why not, it's just more debt. Or the US could spend $2T on Iraq war and borrow another $1T (to take debt for $22T to $23T) and build 10 new hospitals in every state with funding for years.
So,what really matters is how the debt is used. If we accept it is just fake money because the central banks don't actually have vaults where they are down to their last Trillion to lend, then you need to look at the how and whys of the debt and why more isn't used to do things for the peasants.
People keep referring to China asiif there is a tangible economic model at work. That manufacturing exists based on profitability and the China debt is based only on being able to pay it back. No one asks how much of China debt goes to build the manufacturing, the infrastructure to supply it, the energy network to supply it etc.
How much of China's state owned debt is fed into the manufacturing to ensure an apparent low cost production. Its more than just cheap labour. What if Canada borrowed $1T and fed it into Ontario manufacturing to provide cheap energy, low taxes, capital to build factories, subsidize worker care (we already do that) . Would Ontario be competitive on the world stage? And, since it's just 1's and 0's on a computer screen, the central bank did it interest free and helped with currency manipulation because that is actually one of the key roles of the central banking cartel.
And if this seems too much tin foil hat stuff. The BIS over sees all this and coordinates it. In a world where we can have a public inquiry to audit a group in power for possibly paying too much for a $2M chunk of land, who is auditing the BIS on behalf of the citizens not just in one country, but how about governments around the world all putting together independent committees to ensure their own Central Bank is being treated fairly in relation to other central banks under BIS oversight. If one country gets interest free debt while another pays, shouldn't there be committees to ensure this isn't happening.
Last edited by kenmb; 05-16-2019 at 10:09 AM.