Once You Borrow More Money Than You Can Ever Hope To Pay Back, The System Becomes Ungovernable: John Rubino
InvestmentWatch |
In this week’s podcast John Rubino provides an excellent explanation of why governing has become such hard sledding of late for our politicians. Since they have enjoyed an ever-expanding pie so far in their careers, they don’t have any professional experience of prioritizing spending, which the sluggish economy is now demanding of them. They are, simply put, the wrong people for the job.
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Whistler Blowers, Insiders
Knowing the level of the country’s GDPs and how much money is going to offshore banking, we can state now that the government never collected enough taxes from the filthy rich.
Knowing that 65% of the budget goes into defence, part of the countries economy is just fake and paid by people who are told that the government cannot pay. There is room for improving but cutting strogly of defence. They should have never gone into so much defense spending since many companies will be left stranded. Is it logical to base an economy on violence ? and conflict against the others ?