RSS Output
French    German    Spain    Italian    Arabic    Chinese Simplified    Russian

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:  Corona, 'The Science' or Scientism, Islam, the State, the cult of Gender Fascism, Marxism, Darwin and Evolution, Globaloneywarming, Changing Climate, Abortion...

Tempus Fugit Memento Mori - Time Flies Remember Death 

Back     Printer Friendly Version  

Bookmark and Share

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."


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.

Article Comments:

Related Articles:

Cult of more Debt

2/20/2016:  Real world Inflation and currency destruction.

2/6/2015:  $200 Trillion in Debt World-wide. Keynesian theology leading to a future disaster.

11/1/2014:  Cult of Central Banks. Fraud, distortions, spending, bubbles.

8/7/2014:  Nixon's sorry legacy - a systemic implosion, from real inflation and currency devaluation.

7/20/2014:  Mackay's 'Madness of Crowds' and the Tulip mania of 1636

7/17/2014:  Thomas Mackay, 'Extraordinary Popular Delusions and the Madness of Crowds” Ch. 1

7/10/2014:  Cult of bubbles, government distortions and pollyanna's - prices can only go up !

6/13/2014:  Cult of easy money - but no bubbles, issues or dislocations in finance or housing!

2/14/2014:  Central Banks, debt and future economic implosions

2/6/2014:  Real Estate is not the greatest investment

3/12/2013:  Governments just love the real estate bubble [er rational price increase...]

2/17/2013:  Modern Marxist and Statist absurdity: Only the Government creates anything.

1/18/2013:  Real debt levels are 5-10 times the size of the economy.

1/15/2013:  Bankruptcy is assured. Rhetoric to the contrary.

1/11/2013:  Waiting for Phase 2 of the Insolvency/Debt crisis.

6/5/2012:  Phase 2 of the 'Great Recession' about to begin.

12/20/2011:  REAL GDP vs. REAL Debt levels......

11/16/2011:  Real debt levels are 3-5 x the size of the economy

1/6/2010:  American debt, financial collapse and the ugly reality of Statism

3/27/2008:  Going bankrupt? Are Western states already there?