How It Will End
Darryl Robert Schoon
Wednesday, 12 March 2014
The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates.
Debt Exceeds $100 Trillion as Governments Binge, Bloomberg, 3/10/2014
Capitalism, the bankers’ three hundred year-old ponzi-scheme, is a balancing act between the bankers’ credit and everyone else’s debt. In its optimal state, credit creates sufficient growth to pay society’s constantly compounding debts. When unable to do so, debt is paid by borrowing against future growth and in capitalism’s end game, aggregate debt exponentially expands until it can no longer be repaid except by exponentially depreciating paper money.