Neubarth
At the Ballpark July 30th
Governments have already made theie best attempts to spur their economies. China has started producing for their own people. but their own people are now starting to refuse to buy. As we know, shipping from China is down by half. They may very well collapse in the coming weeks.
Even without fresh spending, public debt would explode within two years to 105 percent of GDP in the UK, 125 percent in the US and the Eurozone, and 270Percent in Japan. Other than the results of stimulus in most of the countries, there in little new economic improvement. There is one exception and that is Germany under the guidance of Angela Merkel
Worldwide state debt is soaring. It will reach $45 trillion, soon. That is up two-and-a-half times in a decade.
So the question is, "What do we do next?"
Inflating debt away might be seen by some governments as a lesser of evils. It is obvious that Obama's weird economic theories have not worked. Will he go the inflation route?
Even without fresh spending, public debt would explode within two years to 105 percent of GDP in the UK, 125 percent in the US and the Eurozone, and 270Percent in Japan. Other than the results of stimulus in most of the countries, there in little new economic improvement. There is one exception and that is Germany under the guidance of Angela Merkel
Worldwide state debt is soaring. It will reach $45 trillion, soon. That is up two-and-a-half times in a decade.
So the question is, "What do we do next?"
Inflating debt away might be seen by some governments as a lesser of evils. It is obvious that Obama's weird economic theories have not worked. Will he go the inflation route?
