The World Economic Forum Calls for More Global Debt Slavery
by Jerry Robinson
Thu, 20 Jan 2011
In a report released by the World Economic Forum ahead of its high-profile annual meeting in Davos, the organization claimed that the global economy will need access to an additional $103 trillion in “credit” to sustain normal economic growth.
The report, entitled, More Credit with Fewer Crises: Responsibly Meeting the World’s Growing Demand for Credit, claims that this dramatic increase in credit could be achieved “without increasing the risk of a major crisis.”
The report, which is based upon new census data, forecasts potential credit demand to 2020 across 79 countries representing 99% of world credit volume.
It should be noted that the term “credit” is synonymous with the word “money.” Therefore, a less deceiving way to explain this report could be that the World Economic Forum is calling for over $100 trillion in new money. This proposed $103 trillion of fresh “credit” – or money – will be backed up by nothing.