How did 'rich' economies get so in debt?

Guys I am baffled........... Totally baffled.

EVERYONE is in a DEBT
USA, UK, EUROLAND

and they are suppose to be the most economically advanced & Rich states
They give aid to africa, India, China etc

So If these RICH countries are in a debt, than who has given them the money, as the rest outside the western economies are "poor"

if you have any videos than please feel free to share this

they give each other debt. And mainly china & india are the creditors, which still give us the money we need.

Why could that happen. You have an economic system that doesn't fit together with our political system, easy. One has to adjust, and I am assuming it will be the political system.

And there I was thinking they just didnt't use Stops!!!

They are trying to pass the law to move their stop now.

The US is in debt because we are engaging in two enormously expensive wars overseas (along with the UK, and others), and we have expensive entitlement programs.

That's half the reason. The other half would be down to the fact that our tax revenues are the lowest share of GDP since the 50s, and effective tax rates on the wealthy and corporations are the lowest they've been in decades. And yet there's a core group of the political establishment who are entrenched behind supporting the wealthiest Americans and refusing to raise taxes while cutting benefits for the poor and elderly.

Funny how that works, ain't it. Literally "screw the poor (stop benefits), give welfare (tax cuts) to the rich". Absurd, because we've tried this little experiment before (the last three decades, to be exact), and for some reason none of that "trickle down" economics ever came to fruition. Rich are getting richer, poor are getting poorer, yadda yadda yadda. Alas our politicians are convinced the way out is "trickle up" economics. Rich people are going to save us!!!!

these economies are not rich. its allll debt based wealth and growth based on inflation and debt. these types of economic societies all fold in on themselves in the end...its all one big ponzi scheme

A decade ago the US was facing a surplus so large we had the potential to eliminate the national debt.

Then came two wars, exploding healthcare costs (letting big pharma set their own prices even though they are supported by government money), and tax cuts for the rich/corporations.

Now we are where we are, and we're only headed to a worse situation. A combination of austerity (which will propel us to a recession faster, not avoid one) and more tax cuts for the wealthy, or at the very least no tax increases (what we desperately need).

But hey, at least Europe is trying austerity too and will be just as fucked as us. Austerity failed in Latin America, it failed in East Asia, it's currently failing in Ireland, Greece, Latvia, et al. But hey... why not give it one more go!

debt based economies will always fail, history has proven this before and it will be proven again. When will humanity get the picture? This is a cruel, cruel world.

The American people only need to look into a mirror to see how we got into this financial condition.

Greedy politicians allowed to run wild for decades, too many people opted to get below the poverty line and let the Socialists take care of them. 50% of American workers pay no taxes. The top 10% pay most of the taxes. Yet they are vilified. We only paid the Fiddler along the way. Now we have to pay the Band.

Derivatives. Even if every single social program were discontinued including social security in the us, unemployment insurance in the us, foodstamps, medicare, etc. - that would not make a single bit of difference. Demoniac globalists sleep well at night proposing genocidal cuts, because they want to protect their profits. Profits are privatized, and debts and losses are publicly assumed - by the payers of taxes.

Derivatives are a way to profit which very rich people, funds and entities have used since the repeal of Glass Steagal by Clinton. At that time, banks were given permission to get into areas they had been prohibited to enter. This opened the way and this was done deliberately.

I am truly and deeply saddened that there is anyone left who does not know about why countries are in debt. But I understand to understand one must come in contact with true information. Countries (and states in the us) are in fact in debt to the bankers with whom they have invested - in the us all states and counties have a double set of books - one that is public and one that is hidden. It is the second set of books that records the investments in derivatives and it is in those sets of books that the biggest losses are recorded - which are being placed on the backs of the public.

Derivatives were projected, twenty or thirty years ago, as being the VEHICLE by which the globalists would take down the developed countries in the early years of the 21st century.

America's and Europe's intensifying slavery has been created by design. The derivatives debt is actually owed by gambling banks and Walll Street affiliates, and unfortunately, states have been among the entities investing in derivatives, too, as mentioned above.

Banks and others invested in derivatives - but basically the CENTRAL BANKS, ultimately, are lobbying to be protected from having to face their haircut, and 95% of US congress people are bought off by them.

Research the effect of derivatives - and consult Bob Chapman, The International Forecaster, the preeminent newsletter of what is really important - read internationally - to know now. He is on youtube, too, and knows what is what.

One must understand that the people in control behind the scenes are psychopaths (see clinical definition for that), and truly care nothing about people, wanting to reduce the world's population by 90 percent. They care nothing about the pain they are inflicting, and even enjoy it. We are considered lower than animals, and they truly believe their genes are superior and they are a separate species.

Derivatives are a form of investment which is based on nothing more than mental games.

What is behind all this, in the US, is the cutting of social security and medicare - genocidal cuts. This is what is causing the delay. Derivatives, gambling losses, are actually causing the problem. Instead, retirees will be unable to eat, because they cannot afford food, to start with. All because the people who have losses with derivative based investment believe they are above taking a haircut. Privatization of gains, public assumes the losses. This is the system. All the jobs in the US have been outsourced, and the resulting death and destruction is entirely planned.

Repeal of Glass Steagal was the lynchpin of the plan.

To get you started ...



A nice article ...

http://theeconomiccollapseblog.com/a...ney-money-debt

Quote from article:

"As long as the Federal Reserve system exists, the national debt will keep going up, the money supply will keep going up and the U.S. dollar will continue to decline in value."

To even begin to understand how the debt system works first take a serious look at this video, Marwan2010:

Those of you who are interested can find Part 2 to 4 here.

Part 2:



Part 3:



Part 4:


Please do NOT watch Part 5 and the other anti-religion videos in these series, it is just pure garbage!

It's crazy to think that the current tax rates are about as low as they have ever been, especially with this lingering debt problem. Taxes can only go up right? We all know they won't handle it but trying to focus on having a budget surplus for the future years.

This is a joke, right?

The top 10% of Americans have the lowest effective tax rate since the 1950s. Corporations are paying the lowest effective tax rate since the 1950s. The effective corporate tax rate in the US is 1.8% as a % of GDP, this is the lowest in the OECD. The top 400 richest Americans paid an average effective tax rate of 18.11%. That's less than me (and probably you, unless you are under the poverty line!). Almost 10% of the top 400 richest Americans paid an effective tax of less than 10%. That means they're getting taxed WAY less than the average American.

You need to stop listening to CNBC & Fox News and actually do some research yourself.

Read this, and then read it again, so that you fully understand it. Then read it again, so you can remember it.

Current tax receipts are at the lowest % of GDP they've been at since we've started calculating that figure. That means that relative to the economy, taxes are the lowest we've ever had them.

The real question is not "WHY people and entire countries are in debt", but WHO is the lender?

Think about that for a moment...

I know that you're in the conspiracy theory, but:

In case of the US the lenders are some countries with which the US have a trade deficit but also a lot of other smaller entities.
In Japan the population seems to be the biggest lender.
In Europe are the banks.

And as I see, the lenders have usually the most to lose because it is easier to spend the money than paying them back.

Well maybe that's part of the plan. Lending money that you know can't be paid back with an ulterior motif?

Say you wanted to take control of a country you have only really two options.

1. Invade it by military force.
2. Control it's finances so it has to comply.

Option 1 is well understood and documented even in the last decade (Iraq, Afghanistan,Libya etc).

Option 2 is just as effective but not so easy for the public to spot because who really takes an interest in what their government is doing until it's too late.

"Give me control of a nation's money and I care not who makes the laws." - Mayer Amschel Rothschild

Nobody wants to take control of a country by lending money, that's the stupid way of doing it. In the end a country will default or some dictatorial regime will be installed and the lenders will never see the money again.
And forget about this Rothschild shit, the EU is the living proof that trying to control the finances of other countries will put the "masters" at higher risk.

You are of course entitled to your opinion. but defaulting is exactly what is needed to make it work.

You can then buy back the country's assets at a rock bottom price. Just google Greece and see what they are doing. Selling off islands, transport networks, postal services & telecoms at rock bottom prices. Once you have these assets you have a country by it's balls.