Brilliant Graphic from the Harvard Business Review.
Amongst other things it shows very clearly the true actions of the individual governments, despite all their empty rhetoric.. ..the old “say one thing, do another” that the US and UK especially are so good at.
Click the image to see full-size.
Some have pointed out that the US tries to portray France for example as a “socialist hell”, meanwhile by everybody else’s standards France employed almost no bailouts (1.4%) and similar (1.2%) stimulus, whilst the US & the UK basically nationalized everything (that was bankrupt) in sight using taxpayer money..
from taxes ..that have yet to even be levied.
= Total world Bailout & Stimulus = 13 TRILLION of NEW PAPER.
This is what a Trillion Dollars looks like.. do we need to put it below another 12 times to make the point? (we have at the bottom of the post )
You might want to click this one too if you haven’t seen it, it’s important to understand the difference between $billions (so 2009 now) and $Trillions, which are being banded around like last years billions now, THIS IS AN EXPONENTIAL RISE IN PROBLEMS
Bear in mind that only yesterday the US again raised their debt ceiling to $14.3 Trillion, up from $12.3 Trillion, which it was last raised to on only Christmas Eve 09, and which it had not done, it would have already defaulted on it’s sovereign debt!
So from the 24/12/2009 to the 28/01/2010 they spent their extra $2 Trillion and are now back for another two!
Historians will look back on this period of collective blind madness and laugh.
Make sure you’re laughing too, not crying because you were a victim of their insanity, protect yourself from them now- Buy Buy Buy Gold
Here’s the other 12 Trillion – what do you reckon, $20 Trillion by the end of the year? $30?
or.. wait for it….