International Debt
Apr 27th, 2009 | By Bock | Category: economyIt seems that all the governments of the world have taken on gigantic debt in order to rescue the banks.
Huge debt.
Enormous debt.
Trillions.
But wait! Don’t the governments of the world decide how much money is worth? So why don’t the governments of the world all get together, at the same time, and decide that they don’t owe anybody anything?
What would the lenders be able to do?
Could they move in and take everything?
No. The governments have all the armies and all the navies. They’d fuckin kill ‘em.
Could they force the governments to hand over land and physical assets?
No. The governments have guns and soldiers.
So what exactly could the creditors do if the world’s governments got together and told them to fuck off?
Or maybe it isn’t really about government debt at all. Maybe it’s about making sure that places like Africa continue to owe gigantic money. Maybe it’s all about getting hold of cheap resources.
But hey! What the hell do I know?
Bock: ‘Don’t the governments of the world decide how much money is worth?’
Well, our currency only exists because the Government says it does. That is fiat money, it doesn’t represent anything like gold or precious metals. All fiat currencies eventually fail. The dollar is screwed, the others will come later. America’s debt today is just as bad as the Weimar Republic’s in the 20s. If they print more money to pay it off, the dollar will be worth pittance. Get gold, get silver. Gold will go over 2000 dollars an ounce VERY soon… We are gonna cross the Rubicon any time now…
Don’t you think the the lenders have already thought of that. Who owns the governments, ultimately?
Are they working for us? I fucking doubt it. You know as well as anyone that governments rarely act in the interest of the people they represent.
The more debt that’s created, the greater the devaluation. Why does a house that cost 15 grand in the 80’s cost 150 grand now. Did the house change or gain value? No, it’s still just four walls and a roof but the money is worth less, and that is due to debt and our wonderful fractional reseve system. You could save all your life but by the time you want to spend it it’s worth alot less then when you but it in. It’s one giant fucking scam in my opinion.
There are no more nations, only banks, multinationals and greedy fuck politicians willing to sell the rest of us down the river for a piece of the pie.
And as for the government having all the guns, who loaned them the money to buy said guns, and who sold them the guns. The same bunch of fucks. The cunts who meet up behind closed doors and slap each other on the back and congratulate each other on being the smartest cunts in town and plan their next big scheme to fuck over the ignorant masses. Like cows to be coralled and milked and perhaps even culled, should there be a profit to be made (see who sells the guns and makes the loans).
Africa is right Bock, but if things continue the way they are going then that’s where we are all headed, and remember the most disposable natural resource on this planet is the human resource.
rant over
If it’s about getting hold of cheap resources, then its not just Africa getting screwed by the friendly corporate (or in their case the Chinese “socialists”) entity.
Take a glance offshore at our natural gas deposits, sold for a backhander to the spineless excuses we call politicians….or more precisely, Fianna Fáil.
If it came to it, the same grubby pawed cunts would have the armies and navies of the world mow down their own peoples if they dared to change this comfortable little arrangement.
Interesting idea, Bock.
Look at the €90 billion of toxic debt owed in Ireland. Who is it owed by? The bulk of it by 50 developers.
Who is it owed to? The banks.
If the banks need cash to carry out normal banking, let’s buy it off them for 10 or 20 cent in the Euro; if they can get more for it, then let them go elsewhere. Then let’s deal with each debtor case by case.
Let’s not pretend that the ordinary punter is responsible for the billions of debt arising from greed.
By the way, ideas about gold actually being worth something took us into the Great Depression of the 1930s.
Guns + Bullets + Public Anger = The Only Solution.
Yes BOCK; armies, just not in the hands of politicians.