A BUBBLE HAS NO FIX, WE'RE IN A FIX!
- THE FEDERAL RESERVE IS A PRIVATE BUSINESS ENTERPRISE AND PAYS NO TAXES.
- IT IS PERFECTLY LEGAL THAT TAXES AND BACK TAXES SINCE DECEMBER OF 1913 BE PAID TO THE PEOPLE'S TREASURY IN EACH HOST-COUNTRY.
PONZI WORLD’S
UNSTOPPABLE PAPER PONZI DEBT NOW TOWERS US$217-TRILLION.
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1.
2.
Keynes is obsolete, why worry.
3.
While the US, EU, Japan and China are bust, the
bigger problem of the four players lies with China due to the following:
3.1.
China’s banks and system are out of control and
3.2.
China’s export driven economy powered by currency
manipulation is unsustainable for its GNP growth. China must focus on
internal consumption and consequent
GDP.
4.
The Fake Fed and the IMF are a joke and prime
culprits for global tragedy and wars to protect their Ponzi currencies.
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A 300-YEAR OLD PAPER
AGE PONZI CURRENCY is being towed by negative interest downhill and on
empty tanks.…
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PONZI CAPITALISM: 2+2 =
5. OK FOR THE BRAIN DEAD, 2-STRANDED DNA, CLUELESS SLEEPWALKING DEBT RIDDEN
SHEEP ENJOYING LIFE INTHE UPSIDE-DOWN WORLD OWNED BY THE US INC.’S FEDERAL
RESERVE AND ITS PAPER WORTHLESS PONZI CURRENCY CONTROLLED BY A PROSECUTOR
MIND CONTROL MEDIA. THE ACT OF 1871 IS
A RETURN TO COLONIALISM UNDER THE GUISE OF THE CENTRAL BRANKS-IMF.
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GOLD STANDARD (BALLAST): Bringing back the gold standard for the US Dollar is
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The
Chinese Chart That Keeps The IMF Up At Night
Jan 5, 2017 1:19 PM
As the IIF reporte d yesterday, in the first 9 months of 2016 global debt
rose by $11 trillion, hitting an all time high of $217 trillion, ro id that China accounted for the
"lion's share" and while China's relentless debt-funded stimulus continues
to be ignored by markets, one other organization that begins with I and ends
with F has also noticed that China has a big problem.
As the IMF recently wrote in its IMFDirect
corporat e-debt problem before it
becomes 2 econo my
debt ls and continues to gro w.
The International Monetary Fund then lays out
at the dimensions of the problem:
From 2009 to 2015, credit grew very rapidly by 20 percent on average per
year, much more than growth in nominal gross domestic product.
What’s more, the ratio of non-financial private credit to GDP rose from around
150 percent to more than 200 percent, or about 20-25 percentage points higher
than the historical trend. Such a “credit gap” is comparable to those in
countries that experienced painful deleveraging
It then combi nes the four
nations debt/GDP in one chart, and shows the one chart that keeps it up at
night.
The chart above
make it obvious that unless something changes, and fast, the biggest growth
dynamo behind global growth over the past decade - remember, as Kyle Bass so
conveniently reminded us, China's banking system has over $30 trillion in
financial assets, debt asied
Why the
unprecedented debt growth? Simple: this corporate credit boom reflected the
government efforts to stimulate the economy in the wake of the global financial
crisis, largely through lending for infrastructure and real estate. The
outcome: overbuilding and a severe overhang of unsold properties, especially in
lower-tier cities, along with excess capacity in related industries such as
steel, cement and coal. The combination of heavy borrowing and falling profits
led to excessive debt loads. The problem has been worst rom p referential access to financing and implicit
government guarantees, which lower the cost of borrowing.
The IMF then
proposes several solutions: First, the government should make a high-level
decision to stop financing weak ernance,
mitig ate social costs e near term. It
needs buy-in at every level—state-owned enterprises, local governments, and
financial supervisors. Here are the other steps China’s
government
o
Harden budget
constraints—especially on stat e owned enterprises—by improving corporate
go vernance and removing implicit guarantees to prevent further misallocation
It then adds that, for now,
"risks appear manageable" but only if the problem
is addressed promptly. And this is where the IMF suffers from a tremendous
cognitive disconnect, when it says that "indeed, it is encouraging that
the government has recognized the problem and is taking action to address
it."
Alas, that is
not true, because while the government has indeed recognized the problem, it
sternly refuses to address it, and instead just last year injected a record
amount of debt in the system, even as total debt/GDP in China has now risen to
300%, according to the IIF.
The same lack of willingness to address any of China's lingering
structural problems can be noted in most other aspects of its financial system:
from overhauling insolvent enterprises and failing to recognize the true extent
of NPLs (the recent overtures in debt-for-equity are, sadly, far too modest to
make any impact), to implementing broad bankruptcy reform (over fears of
millions of workers losing their jobs in zombie enterprises), to the biggest
elephant in the room: China's currency woes, which instead of being
"internationalized" is being increasingly pressured by the PBOC to
trade at a given level due to concerns of soaring capital outflows limited by
China's reserve base.
It remains to be seen just when the chart
that keeps the IMF up at night will lead to nightmares for others; for now,
however, everyone is blissfully ignoring what may be the biggest pro
Some people say a man is made outta mud
A poor man's made outta muscle and blood
Muscle and blood and skin and bones
A mind that's a-weak and a back that's strong
A poor man's made outta muscle and blood
Muscle and blood and skin and bones
A mind that's a-weak and a back that's strong
You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store
I was born one mornin' when the sun didn't shine
I picked up my shovel and I walked to the mine
I loaded sixteen tons of number nine coal
And the straw boss said "Well, a-bless my soul"
I picked up my shovel and I walked to the mine
I loaded sixteen tons of number nine coal
And the straw boss said "Well, a-bless my soul"
You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store
Another day older and deeper in debt
Saint Peter don't you call me 'cause I can't go
I owe my soul to the company store
I was born one mornin', it was drizzlin' rain
Fightin' and trouble are my middle name
I was raised in the canebrake by an ol' mama lion
Can't no-a high-toned woman make me walk the line
Fightin' and trouble are my middle name
I was raised in the canebrake by an ol' mama lion
Can't no-a high-toned woman make me walk the line
Source: LyricFind
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