https://www.thenation.com/article/americas-war-on-terror-has-cost-taxpayers-5-6-trillion/

Between 2006 and 2011 the ECB balance sheet trebled form €1trillion to €3 trillion. But the crisis didn’t finish in 2011. After a briefreduction in debt, the balance sheet expanded fast from €2.3 trillion in 2014to €4 trillion today.

The only reason why we haven’t seen high conventionalinflation in the EU is that all the printed money, just like in the US, hasstayed with the banks. The result has been low inflation in consumer productsbut huge asset inflation. Thus, we have seen massive increases in stock, bondand property prices but not in consumer prices. So major money creation by theECB and the Eurozone banks have so far had only minor inflationary impact.

Italy’s new coalition government is a protest against the EUand Euro. With debt to GDP already the highest in Europe, the new regime willexacerbate the problems. Lower taxes and higher spending will guarantee that.As the chart below shows, Italian debt to GDP is already 140%. By 2050 this isprojected to grow to 210%. As interest rates go up, servicing the growing debtwill soon absorb all tax revenue. Italy will be bankrupt long before 2050 anddefault on all its debt.

Italy’s new coalition government is a protest against the EUand Euro. With debt to GDP already the highest in Europe, the new regime willexacerbate the problems. Lower taxes and higher spending will guarantee that.As the chart below shows, Italian debt to GDP is already 140%. By 2050 this isprojected to grow to 210%. As interest rates go up, servicing the growing debtwill soon absorb all tax revenue. Italy will be bankrupt long before 2050 anddefault on all its debt.

The consequence of one currency fits all is a disaster for theweaker Eurozone countries like Italy, Greece, Spain, Portugal etc. The Euro ismuch too strong for these countries. This leads to weak exports as well asbalance of payment and budget deficits. Countries like Germany on the otherhand, benefit from a weak Euro which generates strong exports and surpluses.But the other side of the coin is that the ECB which means mainly Germany mustfinance the deficits of the weaker countries. And we all know that these debtswill never be repaid. So whatever way you turn, the EU experiment will end indisaster. It is only a matter of how long it will take.

Turkey, Argentina and Venezuela. The currencies of these threecountries have collapsed in this century and the fall is nowaccelerating.

The U.S. Treasury expects to borrow $955 billion this fiscalyear, according to a documents released Wednesday. It's the highest amount ofborrowing in six years, and a big jump from the $519 billion the federalgovernment borrowed last year.

Treasury mainly attributed the increase to the "fiscaloutlook."

The uptick in borrowing is yet another complication in theheated debates in Congress over whether to spend more money oninfrastructure, the military, disaster relief and other domestic programs. Thedeficit is already up significantly, even before Congress allots more money toany of these areas.

Disaster capitalists are standing by.  Whichshall it be earthquake, hurricanes, fires, rioter rampages or war?

What collateral in lands and services are theRothschilds demanding for these loans?  Are we selling our war-makingservices to them or just the plunder we we can snag?

3. Real Economic Numbers: 21.5 PercentUnemployment, 10 Percent Inflation And Negative Economic Growth
ByMichael Snyder
 If we use the government's own numbers, there arenearly 102 million working age Americans that do not have a job right now.

http://www.informationclearinghouse.info/49632.htm

Economic Reform waiting for a Politician fromthe People and For the People and against the Jewish International FinancialMafia, a man with the courage and intelligence commitment to the people ofPatrick Little.

by Dick Eastman

People suffer because their governments do notprovide them a permanent base money supply.  Instead all money for eacheconomy of every nation is borrowed from an international lending mafia ofJewish banking families and their hired brains and henchmen.   Allmoney in circuation for buying, selling, paying debt and taxes was borrowed intoexistence, which means it was co-created with a new debt obligation for theborrower to pay to the lender a stream of payments totaling far morethan the amount of new loan deposit the loan created.  This is aninescapable outcome following from the facts 1) that all money ofnational domestic economies is borrowed; and 2) created loan deposit is alwaysless than co-created obligation to pay principal and interest tothe lender over time. 

What happens when the entire moneysupply of a nation is borrowed at compound interest and must continually bereplenished by fresh borrowing?

 That which is a credit from the point of view of thecreditor is a debt from the point of view of the debtor.

The Bank-of-England/East-India-Company/ Rothschildsystem exploits the domestic economy of a nation as shown above.  Thepeople below must borrow the money to enable their domestic market activityamong households, domestic businesses and the public goods sector.  Butmoney loaned is always less than principal and interest owing.  Debtmounts.  Interest burden mounts.  Default and bankruptcy are alwayshappening to some, simply for want to aggregate demand due to the drain ofinterest from money in circulation -- called monetary deflation.  Thecreated deposit of the loan reflates the economy for a little while, but thedebt financing soon drains that amount away and continues to drain as principaland interest paid exceed loan money provided.  Defaults occur and thelender takes the collateral which "secured" the loan in the loan contract, therist being entirely on the borrower and not the lender.

Money circulation in a populist economy. Money creation is taken out of the hands of banks.  Savers risk their moneyby giving it to a populist bank to lend.  Risk in such lending is shared50-50 by borrowers and lenders.  Banks have no reserve requirements. If they lend to businesses that fail too often they simply loose their money andmay wish to consider a different line of work.  The government has nothingto do with banking and lending and everything to do with money creation and newmoney distribution.  Government is funded by taxation only.  I directtax itemized so the citizen can see exactly what public goods and services his taxes are funding.

Of course there is more to say -- buthere is enough to explode all belief in the current system of lies, the Jewishinternational lending racket and their system.

I recommend especially readingfrom page 40 to the conclusion.  -- Dick Eastman

Reading ArthurKitson "The Bankers Conspiracy" 3hrs. 19 min

Dick reading excerpts from Kitson, AScientific Solution to the Money Problem (1895)  6 hr. 13min

Reading Gottfried Feder on Interest Slavery 2hr 40 min

Reading Henry George on the LawsGoverning the Distribution of Wealth 3 hr. 6 min

Reading Frederick Soddy on impossibledemands and inevitable damage resulting from the all-borrowed moneysupply.

Frederick Soddy - held the rationalizations for theBank-of-England/East-India-Company/Rothschild system up against the laws ofphysics. The sun provides the wealth -- the plants create the capital (wood toburn, organic compounds to become coal and oil - and the sun's provision mustbe used or lost -- it doesn't save. THE WHOLE IDEA OF THE WEALTHY CREDIT CLASSBEING SOMEHOW "SAVERS" WHO PROVIDE THEIR SAVINGS TO BUILD CAPITAL EQUIPMENT ISA LIE -- THEIR ACCUMULATED INTEREST AND IOU's ARE NOT SAVED WEALTH -- THEY ARECLAIMS TO TAKE WEALTH AT A FUTURE DATE - NOT GIVE ANYTHING. After this readingof Soddy -- I have added all that is left of an old Youtube recording (myYoutube account was terminated during the Tsarnaev Trial) -- NOTICE IN THISTHAT I HAVE A RECORDING OF FED RES. CHAIRMAN BERNANKE IN 2007 SAYING THAT THEFED IS WORRIED ABOUT A RETURN OF INFLATION AND IS MANAGING IT -- AT A TIMEWHEN THE M1 MONEY SUPPLY WAS ACTUALLY SHRINKING -- ASTOUNDING -- DELIBERATELYCAUSING DEFLATION -- AND VERY SIMIILAR TO WHAT JANET YELLEN IS DOING NOW -- INTHE MIDST OF THIS SPIRALING DEFLATION -- SHE IS INCREASING THE DISCOUNT RATE-- THEY LIE -- THEY SABOTAGE THE ECONOMY -- AND THEY NEVER GET CAUGHT.INTEREST IS A MATHEMATICAL RULE AND GOES ON FOREVER -- WHEREAS WHATEVER THELOAN BUYS MUST, FOLLOWING THE WAY OF ALL PHYSICAL OBJECTS MUST BREAK DOWN ANDDECAY. THE GOOD FROM THE LOAN ENDS, THE DEBT SLAVERY GOES ON DEMANDINGCOMPOUND INTEREST. THE RESULT MUST BE THAT THE MONEY POWER ENDS UP WITHEVERYTHING AND THE REST BECOME DISPOSSESSED PAUPERS == THE SYSTEM IS WRONG ANDMUST BE ABOLISHED AND REPLACED WITH A SYSTEM THAT IS TRULYWORKABLE.

Reading Irving Fisher, Booms and Depressions(1932)  5 hr 22 min

ArthurKitson (6 April 1859 – 2 October 1937) was a Britishmonetary theorist, engineer, inventor and entrepreneur, whoviews fully anticipated those of C H Douglas and was a greatacknowledged influence upon Frederic Soddy.

 Links to Kistonwritings.

Works

Pamphlets

• Usury (Payment for the use ofThings): the Prime Cause of Want and Unemployment, s.n., 1910.
• Is a Money CrisisImminent?: Being the Becture Delivered under the Auspices of theBanking and Currency Reform League at the New Reform Club, 1 November,Commercial Intelligence Publ. Co., 1911.
• England's Trade Barrier! TheBank Charter Act: an Address Delivered to the Members of theBirmingham Chamber of Commerce, at the Grand Hotel, Birmingham, 17 December1917, Hudson & Son, 1917.
• Reconstruction Through BankingReform, Cornish Echo Company, 1918.
• Renewal of the Bank of EnglandCharter: How the Present Banking System Restricts Trade, Birmingham Chamber ofCommerce, 1918.
• A Criticism of the FirstInterim Report of the Committee on Currency and Foreign Exchanges,British Banking Reform League, 1919.
• The Treasury's LatestCraze, Unwin, 1920.
• A Letter to H.R.H. The Princeof Wales on the World Crisis – It's Cause, and Remedy, The Alden Press(Oxford) Limited, 1931.
• The Science of Plenty,s.n.

Articlesby Kitson