Debt Crisis

November 2011

How long can the world economy run like this? It has absolutely no chance of paying its debts accumulated and even if it could, there would be no money left for the world economies to run. The prospect of even servicing these debts is increasingly getting harder and harder in every country. The debt just gets bigger and bigger and eventually as it must, one nation after another will collapse.

The debt burden in Europe now threatens to break it apart and if it does it will throw massive shock waves to the world’s financial system. Forget about a double dip recession, a world depression is now on the cards.

Stimulus packages are no longer an option in most nations. Tough Austerity measures are now beginning to be forced on the nations of the world. We are trapped in a debt spiral, a massive black hole we cannot escape from. Expect massive unemployment, record bankruptcies, higher taxes and less government spending, rising homelessness and even food shortages. Yes, the money supply is running out !

The Great Depression of the 1930’s will look like a picnic against the one we are about to enter. Real Monetary Reform is badly needed now, to avert the one coming our way. Don’t wait for our politicians to do something about it, the past action of these people have contributed greatly to it.

It is up to us now to push for real monetary reform using social credit or similar ideas to remove debt and run a stable financial system that works for everyone.

Get involved, share this site with others. The people need to see this information, they need to see the real reason of why we are in so much debt. We need to scream at our incompetent politicians to force them to make some positive changes in monetary reform. The banks have had their way and now it’s time to fight back. There is a solution to all this and we need to make it happen. We can not afford the alterative.

November 2010

The stimulus packages around the world are starting to run out. The IMF is now putting pressure on the worlds economies to reduce their debts and deficits. The only way they can attempt to do this is by taxing their people more or by spending less on government services. This of course will reduce the money supply and undermine any good the stimulus packages did in the first place.

In Europe, countries worst affected by the global recession are starting to go bankrupt. One by one they are starting to fall. Financial aid from the European Union and even the Monetary Fund is holding these countries from bankruptcy. Europe as a whole is now weakened even more by these individual nations. The dominoes are starting to tumble. America on the other hand is continuing to borrow more money to buy it's way out of the recession. They have no hope in paying this money back. It's only a matter of time before the obvious will happen, you can't keep borrowing money for ever.

The rest of the world is not much better. We are at the mercy of the banks. The world will continue to go bankrupt if the international bank's let it happen. One world currency is not far away. The world badly needs Social Credit, It is our only hope.

April 2010

What has changed since the last post?

Governments around the world have set up economic stimulus packages to help keep their economies going. While it is true that it has prevented the world economy from going into a depression it must be considered a temporary solution only. Why! These stimulus packages have come at a great cost.

This money has been borrowed and must be repaid back. The citizens of each country will have to face higher taxes to maintain the extra costs from these new stimulus loans. When this happens the money supply will reduce significtly (The money supply increased by these stimulus packages will run out unless further stimulus packages are received. Obviously we cannot keep going down this track.

Social Credit - The Debt Crisis

Debt Crisis

The money of the world created from the banks as government debt or private debt is unsustainable. National debt throughout every nation of the world is crippled with debt as a result. Those hit the worst are the poor living in the third world developing countries. The economist every where seems to have no real idea of what is really going on.

The world economic order is in a chaos, with US debt and European debt growing daily. This unrepayable debt has pushed many nations over the edge, some are now considering the option to default on their debt, rather than face extreme Austerity measures from the IMF and the European banks. As a result of this, the global financial crisis continues to deepen. The world is in a very unstable position. A Global Recession or Depression is now on the cards.

Monetary Reform is badly needed. World debt must be removed and an alternative mechanism of creating credit be made available without debt or interest. Social Credit is the monetary reform the world needs. See social credit and monetary reform for more details

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