Where The Suckers Queue Up And The Fools Fall In
When has it ever been so easy to borrow?
When has it ever been so easy to modernise?
The house today is seen as a cash cow. Are we not back in the heyday of the economic crisis?
How many people truly understand that the crisis in 2008, was never averted, it was merely pushed to one side, pushed out of sight, out of mind? How many people know that it took Trillions to shore up the system, to support a system that had crashed?
If, as they say, economic growth is now stable, if there truly is job security, if the world’s economies are on a sure-footing, why is their interest level still at near zero or below, ZIRP?
Why do we not receive any interest for money in our bank accounts?
The system is a charade. The economies are ghosts of their former selves.
Businesses and governments are having to borrow Billions a month; huge cash injections forced into the economies of the world.
Interest has to be paid on these loans. The money is not free.
A bank of a country is still a business, there are shareholders and they want paying. Central banks create money and loan it to governments, loan it indirectly to people of countries. Central banks are not the banks you see on the streets where you live, they are a truly independent business. They may be made up of representatives of banks we recognise, but they are independent nonetheless.
When a loan is made to a person or a government, interest has to be paid on that loan.
The money that was injected into the system in 2008, is still to this day, an outstanding debt and these debts are growing every minute, of every hour, of every day and they are still borrowing more money to pretend the economy is stable.
Why else do you think taxes rise?
Maybe common sense will prevail one day, but until then, as the sun rises and the sun sets, worldwide debt will continue to increase.
