Bang! Over 100% Debt-to-GDP Ratio. Gerald Celente Video.
Most European governments and the U.S. Government have “fallen prey” to expensive foreign money, are in unrepayable debt situations and borrowing more money to offset interest charges and over 100% Debt-to-GDP ratios, to their citizen’s ‘austerity’ costs – or am I misreading the news?
“Fallen prey” is a mislabling, given the revolving door between Wall Street and the U.S. Gummint and I have been reading news from at least two thousand years ago: this is not the first time:
“Meanwhile a powerful host of accusers fell with sudden fury on that class which systematically increased its wealth by usury in defiance of a law passed by Caesar the Dictator defining the terms of lending money and of holding estates in Italy, a law long obsolete because the public good is sacrificed to private interest”.
– Publius Gaius Cornelius Tacitus, The Annals of Rome AD 27.
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