by Jeff Berwick., Dollar Vigilante:
Don’t let those daily US stock market highs confuse you – it is just a sign of a century old counterfeiting scheme getting out of control. As Bloomberg writes, the post-crisis years have seen “governments binge” on debt. But where is this money coming from?
Since the onset of the global financial crisis, the amount of debt globally has soared nearly 50 percent to $100 trillion. Governments have chosen to borrow in order to prop up failed financial institutions and “pull their economies out of recession,” according to Bloomberg. The debt total was helped along by companies taking advantage of record low interest rates, according to the Bank for International Settlements (BIS), and giving the world products like the unprofitable Chevy Volt and Coke Zero all on the taxpayers dime.
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