DEBT AND CONTROL ................................................................... There are few schemers who are running the global economy; these people began their sinister plot over 50 years ago and they are now gaining control control. Ask me how… the answer is simple. Debt!!! Almost every nation of the world has such severe debt that just making the interest payments takes a large amount of their financial resources. Much of this world debt is owed to world bankers that then dictate their own economic policy to these countries. These policies do not favor the poor….Most 3rd world countries are deep in debt. Every Government in the world is heavily indebted to the some small group of people or some other countries that are also indebted to some controllers. It seems like loans and credit are the fast way up with many borrowing more than they need. In time the whole world will end up trapped and desperate. The European debt crisis came out of Europe’s inability to pay the debts it built up in recent decades. The debt crisis was a continuation of the US financial crisis of 2008-2009 that was also driven by heavy debt burdens and greed. A slowing global economy exposed the unsustainable financial policies of certain eurozone countries. The Ugandan situation is also developing; however of relevance to the common man, many people have borrowed from banks staking their properties and all of sudden due global difficulty resulting in reducing inflows and a weak shilling our economy is suddenly sick of debt and people have defaulted on their loans as a consequence banks are stuck with assets they cannot sell. As I post this many of us are busy borrowing without a purpose but even before we are done paying; the same banks will call in and offer more unsecured credit to the tune of millions. What is the purpose of all this? The same people through their banking arms lend the money and through their consumerism investments mop up the money they gave you. They do this to both individuals and governments alike. Corruption in Africa works for them as they lend or aid the Government and quickly mop up that money and all goes back to them. I lend you my money so that you can buy from me but you have to pay me back. What is the purpose? I loose nothing but I own you….. My point is money must be employed to cause increase in our value. When the world does not understand the principles of value addition it begins to practice value reduction. You can either borrow from the past (save) and increase surely and steadily or borrow from the future (take loans/credit beyond your means to pay or absorb productively) and get caught in the uncertainty that is now unraveling
Posted on: Sun, 29 Sep 2013 15:54:40 +0000
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