How Government Sabotages The System Through Debt – 04.06.15

Governments are easily able to conceal the reality of the economic situation by dickering with the various areas of debt creation and expenditure. It is pathetically easy to distort GDP, for example, rendering the figures useless. The US government deliberately spins confusion and chaos to disguise the enormity of its obscene failures.  They don’t even define correctly or even coherently what constitutes “national debt”. Obfuscation is what counts with these people. The AIIB, China’s new anti-dollar alliance. More and more countries are signing up to distance themselves from the United States’s version since 1946. The U.S. government tries to make “debt” seem like “assets”. The government is still ‘hoping’ that (non-existent) upward wage pressure will drive up earned income. Even the so-called ‘lending boom’ is a sham. An article from Jim Kunstler. The U.S. is the only advanced economy not to provide mandated vacations for its citizens. Warning: Puerto Rico bankruptcy a virtual certainty. Don’t leave (triple-tax-free) money there. A lesson in Lee Kuan Yew’s Singapore for Malaysians (and the rest of us).