This article states many of the things I have written about for years. Unfortunately, while I have been pointing out that these things are the basis of a massive scam, the quoted “expert” from the Levy Economic Institute claims they are just part of the normal system. He claims:
- Economic growth is a function of bank lending and government spending, period. That means that hard work has nothing to do with it. That makes government and banks indispensable and everyone else is just along for the ride.
- The power of banks and government come from their legal ability to create something from nothing.
- Public debt a NOT burden on future generations. It does NOT have to be repaid, and in practice it will never be repaid.
- These debts are the foundation of economic growth.
Read the article, it really does say these things:
So there you have it. The time for hiding the truth is past us. Now the powers that be are using their economic scam marketing team (AKA economic PhDs from academia) to try to mind wash us into believing that something so preposterous is true. Scams generally appear to work for awhile but they always collapse at some point. It is difficult to predict how long a scam can last but, like the Madoff ponzi, when the scam finally collapses it generally does so suddenly and those that didn’t think there was any risk are wiped out.
