timber: "In a world of limited resources, increased expenses (interest bills) have to be funded. The savings required to meet those increased expenses can only come by decreasing consumption and investment."
QE1 says 'hello'
QE2 says 'hello'
QE3 says 'hello'
Operation Twist says 'hello'
ZIRP says 'hello'
The twinkle in the eye of the FEDs loins, QE4, is preparing to say 'hello'
The real reason for decreased consumption is decreased real wages in the west. The Keynesian mantra only provided decreased living standards over the last 20 years, to the benefit of the top 1%. The top 1% are increasing desperate to work out how to keep the Ponzi scheme going by getting the bottom 99% to go more into debt to consume (on falling wages). For a bankster like yourself, you are well aware of the need to skim percentage from the uneducated you destroy.
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"Have We Reached The Breaking Point?", page-79
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