Just thinking about the debt overhang should send shivers through your spine. We all have read about how the reparations exacted from Germany by France led to militarisation and the holocaust. Don't be fooled that it can't happen again. The governments of the war economies of Britain, Canada, and United States continue to support debt growth well into the future.
In contrast, we know that people should not be drawn into gambling their future away on the stock markets of hell economies. We know people shoukd earn a decent real interest rate from their savings so that they can plan for future retirements and safe pensions free of inflation.
The disguised inflation of property asset inflation fools everyone into thinking we have low inflation, but our realities are very different. The watchdogs of the UN organizations have failed us while the US, Canada, and Britain were nation building in the Middle East under the guise of protecting Jewish interests for stability in the Middle East.
The war on terror is now about to become a war on debt. The price of waging war on terrorism is too expensive to think the world won't be drawn into much worse. Terrorists can't possibly help the interests of terrorists because the footing of their cause is undermined by the interconnectedness of humanity. We all go down as one as long as the wars continue. No one wins, everyone loses in wars.
What we have is war and the consequences of wars:
- disguised inflation in the form of property appreciation that cannot be sustained,
- people with debt so high they are owned by lenders in a new form of interest paying debt slavery,
- a resurgence of neo-nazist thinking and grouping,
- the US National Rifleman's Association saying they are bored having won the crazy policy of arming everyone to the hilt with weaponry that is caustic to think about,
- a dissipation of tolerance and trust, interest rates so low that it is impossible to save in a bank deposit without losing real assets because inflation has been enormously higher in return, especially in wasteful speculation in property,
- the return of the fallacy of the notion that inflation could be good to wipe out debt,
- Isreal now increasingly hated by moderates because of Isreal's own forms of extremism,
- the real possibility of a renewal of hostilities in Northern Ireland,
- the destruction of the environment of the Caribbean,
- the loss of initiative to fight a dying planet overheating with too many engines of economic growth firing on all pistons to out compete each other.
There is an strangeness of our world as it's future has streams of hate and love in conflict. The majority want poverty to end but it is growing and people are suffering from the excesses of the rich and powerful.
Quite a turn for the books!
We have a respite from the swine and bird flu only to find there are other more serious threats to manage.
Review the mismatch once again:
http://www.google.com/search?hl=en&q=borrow%20short%20lend%20long%20inflation&aq=f&aqi=&aql=&oq=&gs_rfai=
Sent from my iPad with a grain of salt and a peppering of truth.