Paul Volcker Surfaces And What The Elites Are Trying To Foist On The Unsuspecting Public
KingWorldNews.com
October 24, 2016
Volcker Surfaces
John Embry: “Eric, the presidential campaign and debates have been so sophomoric as to be embarrassing to everyone connected to the whole process. It’s so bad it triggered an article in the New York Times by two luminaries, Paul Volcker and Peter G. Peterson, titled Ignoring The Debt Problem…
John Embry continues: “While essentially correct in title, it was so understated that it was almost comical. They used the federal debt held by the public to assert that the ratio to GDP was only 75 percent, while in reality, accounting for total funded debt, it comfortably exceeds 100 percent. They did not even bother to acknowledge the unfunded liabilities for Medicare, Medicaid, Social Security, etc, which are now several multiples of the funded debt.
What was perhaps most off-putting was their inference that there was a palatable solution to this issue if the new president just did the right thing. This is a global problem that is so massive the only outcomes are ultimately hyperinflation and/or a debt deflation so severe that it will dwarf anything seen in the 1930s. Given that Herbert Hoover is still reviled some 85 years later for presiding over the onset of the Great Depression, I’m not sure why anyone would want the job of U.S. president because what is going to transpire over the next 4 years will make President Hoover’s regime look absolutely pristine in comparison.
The Rest…HERE
