Saturday, June 10, 2017

Visualizing American's $20 Trillion-Dollar National Debt

Or why your hard-earned cash don't buy what it used to:

And global debt, at $200 trillion, is ten times US Government debt.

How's the debt created?

Simple. Banks print their own money and lend it at interest. And if there's a crash and the debts unpayable, Central Banks print more money to bail out the commercial banks.

Simple really. I mean, simple to transfer wealth from common folks, the useless working class the elite wish to be shot of, to the bankers's own pockets.

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