The world is still in recession mode. Many countries around the world have managed to negate their debt defaults by quantitative easing (QE). These countries include America, Britain and Japan. Austerity measures are in full swing in most countries. Europe still struggling. China now slowing down economically. Countries dependant on China’s manufacturing needs of minerals, such as coal and iron ore, are also declining. Australia is one such country and now must face the harsh reality of the world economic woes brought on by debt.
The world is slowly suffocating with debt. People around the world are still dying from this debt induced poverty and it is not getting better. The quality of life for many people is getting worse especially for the elderly, sick and the unemployed/under employed. The bills are mounting and they have no ability to pay them. They will have to go with out or cut back drastically, heating and food are amongst these things. Mortgage payments, rent and other loans are not kept up to date. Cars and other purchasers are repossessed and homes are lost to the banks. It is a growing problem that will not go away. This is the bitter reality of financing our money supply from the present banking institutions.
There is a better way. It is called Social Credit. The people of the world need to know this. This massive debt can be removed and it should be. The world can be a better place, it just needs education. Please spread this vital information.
The stimulus packages around the world are starting to run out. The IMF is now putting pressure on the worlds economies to reduce their debts and deficits. The only way they can attempt to do this is by taxing their people more or by spending less on government services. This of course will reduce the money supply and undermine any good the stimulus packages did in the first place.
In Europe, countries worst affected by the global recession are starting to go bankrupt. One by one they are starting to fall. Financial aid from the European Union and even the Monetary Fund is holding these countries from bankruptcy. Europe as a whole is now weakened even more by these individual nations. The dominoes are starting to tumble. America on the other hand is continuing to borrow more money to buy it's way out of the recession. They have no hope in paying this money back. It's only a matter of time before the obvious will happen, you can't keep borrowing money for ever.
The rest of the world is not much better. We are at the mercy of the banks. The world will continue to go bankrupt if the international bank's let it happen. One world currency is not far away. The world badly needs Social Credit, It is our only hope.
What has changed since the last post?
Governments around the world have set up economic stimulus packages to help keep their economies going. While it is true that it has prevented the world economy from going into a depression it must be considered a temporary solution only. Why! These stimulus packages have come at a great cost.
This money has been borrowed and must be repaid back. The citizens of each country will have to face higher taxes to maintain the extra costs from these new stimulus loans. When this happens the money supply will reduce significtly (The money supply increased by these stimulus packages will run out unless further stimulus packages are received. Obviously we cannot keep going down this track.
|THE GREAT DEPRESSION|
The 1920s after the First World War had been hard for a great many people, but there were signs of progress. Cities had grown, and with it new roads and railways built. New land was opened up and huge irrigation schemes had begun. Australia’s future was looking good again.
Unfortunately all this progress following the demise of the ‘People’s Bank’ as explained later came at a great cost - Australia’s national debt to the banks was growing!
(See the story of the Commonwealth Bank by D.J.Amos)
THE GREAT DEPRESSION
In 1931 Australia, like many other nations in the world, found itself in trouble. The depression was now at its worst. All industrial nations were facing the sad, starving faces of the unemployed. Australia was unable to sell its wool, wheat and metals overseas. There was no money left for the building works that employed so many people in the previous ten years. Australia was now heavily in debt.
With such a shortage of money, people soon stopped buying goods. As a result, the factories that made these goods soon stopped producing and even closed down altogether further increasing job loses. Small farmers could no longer keep up their interest payments from the dramatically reduced prices they received on their produce. Many surrendered their farms to the banks only to swell the ranks of the unemployed. In fact by 1932, about one in every three Australian workers was unemployed. Australia was in the grip of a depression.
POVERTY IN THE MIDST OF PLENTY
The population of little over six million people in Australia at that time, could produce enough wheat to feed thirty million, enough wool to clothe one hundred million, and enough food, minerals, metals and raw materials to supply more than twice the populations size. There was no shortage of any kind, yet all this came to a sudden holt. People lost their homes, their farms, their jobs, and their livelihood.
What was missing? Money! The stock market crash of 1929 was the culprit, which drained the money supply the economy needed. As money became scarce people went without even though everything they ever needed was at hand. There was no real disaster and there was no flood, drought or war to create such problems. In fact it was a problem they could overcome quite easily. Obviously the missing money enforced on the world, must be replaced, but did it have to be replaced as debt?
The Commonwealth Bank known as the Peoples Bank could of supplied all the money Australia needed! The Great Depression in Australia did not need to happen! Australians of the first one hundred years, would not of tolerated this acute shortage of money, they would of used some other medium instead, such as vouchers, promissory notes, anything!
There should never be a shortage of money. The money supply must be continuely monitored to maintain a correct balance to the supply and demand needs of a nation.
see link The Role Of Money