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What do they know that we don’t?
Reality dawns.
Davos 2024
Oh blimey!
The debt fuelled growth model of globalisation never had a long term future.
Sustainable growth.
So easy to say, so hard for global policymakers to achieve.
What confuses global policymakers so much?
Banks create money and debt at the same time.
Banks create the money first and then they have to get it back again to balance the books.
The economy booms on the money creation of bank credit, but policymakers are oblivious to the claims on future spending power piling up in the banking system.
At 25.30 mins you can see the super imposed private debt-to-GDP ratios.
China has just reached the end of the road with the debt fuelled growth model of globalisation.
We got there in 2008, and have referred to it as the Productivity Puzzle ever since (UK).
Not considering private debt always was the Achilles heel of neoclassical economics.
How private banks create the...
— 🇺🇸/🇮🇱 WATCH: Jewish-American venture capitalist Michael Eisenberg urges Jews to move to Israel and explicitly calls the United States 'a declining empire' while sitting in New York for a conference.
In the UK, the Net Zero agenda has resulted in fleets of electric ambulances that don't have enough electricity to make the defibrillators work. 🤡
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"…there really is no place to run and hide. The time of the end is the time of no room.
Indeed, seemingly just a handful of technocrats will soon have the power to force everyone to “buy and sell” through their system once digital currency and digital IDs are imposed on the global populace. Then there will truly be nowhere to run, nowhere to hide.
So many of us are growing very tired and weary as we watch a system fall into place that we feel helpless to stop. Even though we have “filled our lamps with oil” as best we can to prepare for these days, we find the increasing evil, lukewarmness, blindness, cowardice, and political correctness of both secular and church authorities exhausting.
I am convinced that we are seeing the rise of this beast in our generation, however long that takes to unfold. As such, Mr. O’Brien is right: There really is no place to run and hide. “The time of the end is the time of no room.”
For instance, many in my country (Canada) have ...