There is no need for governments to be in debt. Our government borrows from private banks which create the money out of nothing and loan it at interest to them. Our taxes pay the banker's interest, a free ride for bankers. Admittedly, a lot of pension are in government bonds which is a good investment, but there are other ways of financing our public services while we could reduce taxes too. This is a win, win, for socialism, and would leave the Tories as the high tax, austerity party, I.e, you're not getting good value for money for your taxes. The bankers don't want people to cotton onto their racket.
Ellen Brown
Sovereign Debt Jubilee, Japanese-Style
Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too.
Let’s face it. There is no way the US government is ever going to pay back a $20 trillion federal debt. The taxpayers will just continue to pay interest on it, year after year.
A lot of interest.
If the Federal Reserve raises the fed funds rate to 3.5% and sells its federal securities into the market, as it is proposing to do, by 2026 the projected tab will be $830 billion annually. That’s nearly $1 trillion owed by the taxpayers every year, just for interest.
Personal income taxes are at record highs, ringing in at $550 billion in the first four months of fiscal year 2017, or $1.6 trillion annually. But even at those high levels, handing over $830 billion to bondholders will wipe out over half the annual personal income tax take. Yet what is the alternative?
Japan seems to have found one. While the US government is busy driving up its “sovereign” debt and the interest owed on it, Japan has been canceling its debt at the rate of $720 billion (¥80tn) per year. How? By selling the debt to its own central bank, which returns the interest to the government. While most central banks have ended their quantitative easing programs and are planning to sell their federal securities, the Bank of Japan continues to aggressively buy its government’s debt. An interest-free debt owed to oneself that is rolled over from year to year is effectively void – a debt “jubilee.” As noted by fund manager Eric Lonergan in a February 2017 article:
The Bank of Japan is in the process of owning most of the outstanding government debt of Japan (it currently owns around 40%). BoJ holdings are part of the consolidated government balance sheet. So its holdings are in fact the accounting equivalent of a debt cancellation. If I buy back my own mortgage, I don’t have a mortgage.
If the Federal Reserve followed the same policy and bought 40% of the US national debt, the Fed would be holding $8 trillion in federal securities, three times its current holdings from its quantitative easing programs.
Eight trillion dollars in money created on a computer screen! Monetarists would be aghast. Surely that would trigger runaway hyperinflation!
But if Japan’s experience is any indication, it wouldn’t. Japan has a record low inflation rate of .02 percent. That’s not 2 percent, the Fed’s target inflation rate, but 1/100th of 2 percent – almost zero. Japan also has an unemployment rate that is at a 22-year low of 2.8%, and the yen was up nearly 6% for the year against the dollar as of April 2017
Peter Rhodes asks, where are the Salisbury attackers? https://www.expressandstar.com/news/voices/opinions/peter-rhodes/2018/03/27/peter-rhodes-asks-where-are-the-salisbury-attackers-plus-a-happy-meal-and-the-terminal-tale-of-a-royal-raven/
"THREE weeks on, there is a character, or possibly several characters, missing from the Salisbury nerve-gas drama. They are, of course, the attackers. Where are they? In a country festooned with CCTV, there are no images or even a photo-fit appeal. I love a good Kremlin-Mafia assassination theory as much as the next person but in this case, isn't it time to start thinking outside the box?
THERE'S no shortage of theories about how the deadly substance was administered (slipped in suitcase, inserted in car heater, etc), but still no trace of any villains. All we have is one injured policeman, thankfully recovering, and two contaminated Russians who have been unconscious from the time they were found. Given the absence of first-hand testimony, why have the authorities seemed so positive from the outset that this was attempted murder? This is only a hunch and I may well be proved wrong, but I'm not yet convinced that anybody attacked anyone."
...refreshing to see some original thinking in a regional newspaper
There is no need for governments to be in debt. Our government borrows from private banks which create the money out of nothing and loan it at interest to them. Our taxes pay the banker's interest, a free ride for bankers. Admittedly, a lot of pension are in government bonds which is a good investment, but there are other ways of financing our public services while we could reduce taxes too. This is a win, win, for socialism, and would leave the Tories as the high tax, austerity party, I.e, you're not getting good value for money for your taxes. The bankers don't want people to cotton onto their racket.
ReplyDeleteEllen Brown
Sovereign Debt Jubilee, Japanese-Style
Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too.
Let’s face it. There is no way the US government is ever going to pay back a $20 trillion federal debt. The taxpayers will just continue to pay interest on it, year after year.
A lot of interest.
If the Federal Reserve raises the fed funds rate to 3.5% and sells its federal securities into the market, as it is proposing to do, by 2026 the projected tab will be $830 billion annually. That’s nearly $1 trillion owed by the taxpayers every year, just for interest.
Personal income taxes are at record highs, ringing in at $550 billion in the first four months of fiscal year 2017, or $1.6 trillion annually. But even at those high levels, handing over $830 billion to bondholders will wipe out over half the annual personal income tax take. Yet what is the alternative?
Japan seems to have found one. While the US government is busy driving up its “sovereign” debt and the interest owed on it, Japan has been canceling its debt at the rate of $720 billion (¥80tn) per year. How? By selling the debt to its own central bank, which returns the interest to the government. While most central banks have ended their quantitative easing programs and are planning to sell their federal securities, the Bank of Japan continues to aggressively buy its government’s debt. An interest-free debt owed to oneself that is rolled over from year to year is effectively void – a debt “jubilee.” As noted by fund manager Eric Lonergan in a February 2017 article:
The Bank of Japan is in the process of owning most of the outstanding government debt of Japan (it currently owns around 40%). BoJ holdings are part of the consolidated government balance sheet. So its holdings are in fact the accounting equivalent of a debt cancellation. If I buy back my own mortgage, I don’t have a mortgage.
If the Federal Reserve followed the same policy and bought 40% of the US national debt, the Fed would be holding $8 trillion in federal securities, three times its current holdings from its quantitative easing programs.
Eight trillion dollars in money created on a computer screen! Monetarists would be aghast. Surely that would trigger runaway hyperinflation!
But if Japan’s experience is any indication, it wouldn’t. Japan has a record low inflation rate of .02 percent. That’s not 2 percent, the Fed’s target inflation rate, but 1/100th of 2 percent – almost zero. Japan also has an unemployment rate that is at a 22-year low of 2.8%, and the yen was up nearly 6% for the year against the dollar as of April 2017
https://ellenbrown.com/2017/06/27/sovereign-debt-jubilee-japanese-style/
ya need to know
ReplyDeletehttps://steemit.com/conspiracy/@lavater/decode-of-the-isis-terror-attack-hoax-in-trebes-france-isis-hathor-pentalpha-freemason-lodge
https://extra-capsa.com/2018/03/27/carcassonne-and-trebes-false-flag/
Great links about Gematria, thank you...
DeleteEven if half of it is true, amazing and 'scientific' almost.
smth bad happened to them when kid or teens
ReplyDeletehttp://www.dailymail.co.uk/femail/article-5552841/Couple-400-different-personalities-them.html
The Russian Mafia is a quaint euphemism for the Jewish mafia.
ReplyDeletehttps://www.globalresearch.ca/caught-on-camera-israel-targets-civilians-with-a-chemical-weapon-drone/5633875
ReplyDeletehttps://www.globalresearch.ca/syrians-defy-fabricated-war-propaganda-narratives/5633815
ReplyDeletehttps://orientalreview.org/2018/03/27/the-taiwan-travel-act-is-a-psy-op-against-china-with-economic-dimensions/
ReplyDeletehttp://www.justjared.com/2018/03/28/corey-feldman-stabbed-in-attempted-homicide-currently-hospitalized/
ReplyDeletehttps://www.mintpressnews.com/john-bolton-has-a-history-of-advocating-for-israel-at-expense-of-the-us/239592/
ReplyDeleteAll Wars Are Bankers' Wars
ReplyDeletehttps://www.youtube.com/watch?time_continue=7&v=5hfEBupAeo4
Peter Rhodes asks, where are the Salisbury attackers?
ReplyDeletehttps://www.expressandstar.com/news/voices/opinions/peter-rhodes/2018/03/27/peter-rhodes-asks-where-are-the-salisbury-attackers-plus-a-happy-meal-and-the-terminal-tale-of-a-royal-raven/
"THREE weeks on, there is a character, or possibly several characters, missing from the Salisbury nerve-gas drama. They are, of course, the attackers. Where are they? In a country festooned with CCTV, there are no images or even a photo-fit appeal. I love a good Kremlin-Mafia assassination theory as much as the next person but in this case, isn't it time to start thinking outside the box?
THERE'S no shortage of theories about how the deadly substance was administered (slipped in suitcase, inserted in car heater, etc), but still no trace of any villains. All we have is one injured policeman, thankfully recovering, and two contaminated Russians who have been unconscious from the time they were found. Given the absence of first-hand testimony, why have the authorities seemed so positive from the outset that this was attempted murder? This is only a hunch and I may well be proved wrong, but I'm not yet convinced that anybody attacked anyone."
...refreshing to see some original thinking in a regional newspaper
https://www.globalresearch.ca/u-s-military-aid-to-al-qaeda-routine-shipments-of-weapons-to-syrian-freedom-fighters/5548960
ReplyDeletehttp://www.dailymail.co.uk/news/article-5554885/R-Kelly-kept-girls-young-14-pets-trained-sex.html
ReplyDeleteDecadence - Meaninglessness of modern life - Episode 3 Democracy
ReplyDeletehttps://m.youtube.com/watch?feature=youtu.be&v=7P1z5jN807w
VERY good clips, thank you again Aanir !
ReplyDeleteFrench journalists were attacked in (Multicultural) suburbia of town,where latest FF tack took place.
Contacted somebody who is into "conspiracy" research here in France, this person also claims that victims were real in this false flag.
This is small town, anyway, ppl know each other, so let us not go to far with claims like" nobody was killed" etc. Today funerals are taking place.
1. This was a sacrifice of low level mason ( French policeman ), and from this a way to "improve" perception of masonry in public opinion here ?
2. Just a good bloke, who sacrificed himself for another hostage ( And becoming national hero)...
but who believes in this version ???
According to gematria,occult numerology, new one could be in April.
Even today, french arab allegedly tried to ram with the car into soldiers.
Spring can be , uhmm, hot...
Regards from France, Alan.