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Letters by a modern St. Ferdinand III about cults

Gab@StFerdinandIII - Plenty of cults exist - every cult has its 'religious dogma', its idols, its 'prophets', its 'science', its 'proof' and its intolerant liturgy of demands.  Cults everywhere:  Islam, the State, the cult of Gay and Queer, Marxism, Darwin and Evolution, 'Science', Globaloneywarming, Changing Climate, Abortion....a nice variety for the human-hater, amoral, anti-rationalist to choose from.  It is so much fun mocking them isn't it ?

Tempus Fugit Memento Mori - Time Flies Remember Death 

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Friday, February 6, 2015

$200 Trillion in Debt World-wide. Keynesian theology leading to a future disaster.

Mindless expansion of government and money printing will have consequences.

by StFerdIII

 Excellent, insightful, perspicacious.

David Stockman nails the massive debt crisis – or soon to be worldwide crisis – in an illuminating article on China and the Keynesian theological mysticism which believes that magic printed money and endless debt, have no consequences.

 

The World's debt has skyrocketed in the past 15 years, increasing $60 Trillion in the past 7 years, and governments all practicing 'austerity' apparently, have 'only' increased their governmental debt pile by 10 % per annum. Woe, thy name must be austerity:

 

So the World only possesses the staggering total of $200 Trillion in debt ? No it is more. The above numbers do not include unfunded liabilities for such worthy projects as bankrupted socialized health systems and their future funding, or the grandees and Mandarins with guaranteed government or 'teacher' pensions. The real debt problem is double or triple the stated $200 Trillion. But $200 Trillion is more than enough of a problem, in a world-wide economy of some $70 Trillion in total size. If we stacked up $200 Trillion in US dollar bills, we would go to the moon and back 28 times. But hey no problem ! Just keep on printing and spending ! 'Science' and 'experts' demand it.

 

"The height of a stack of 100,000,000,000,000 (one hundred trillion) one dollar bills measures 6,786,616 miles. This would reach from the earth to the moon and back 14 times." http://bit.ly/1Kyc0NJ

 

Keynesian theology leads to illusory gains and after those bubbles implode, a general collapse.

 

It reminds me of Law's 'economic miracle' in France in the early part of the 18th century, a monumental fraud which directly led to 1789.


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