Montag, 26. August 2013

Get far away! If you can ...

The root of the crisis is this: You cannot run an economy as a debt based economy forever. When a country collapses, they go through the process of draining the tax payers to keep the system afloat by trying to repay this debt that can never be repaid. Every Ponzi scheme eventually collapses due to unsustainable debt that accumulated from lending that required repayment of interest that never existed in the first place. What this means is that if you lend out a certain total and expected the total AND interest to be repaid, where would the interest come from? From more endless borrowing that eventually sends the debt spiralling out of control. The Economic systems of the West are simply Ponzi Schemes that worked for so long based on borrowing. Unfortunately there is a limit to how much can be borrowed before the demands for repayment outstrips supply of money...

Ireland's debt is €204 Billion and climbing. As for the USA, the financial leader of the West... well they are mired in $16 Trillion of debt that can never be paid off either. This means that there are limits and those limits are near...

Belenus
Call for a revolution in Ireland

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