But by simply calculating periodic interest as any bank statement must, by re-borrowing interest and principal to replenish the circulation — and even allowing for the accumulating sum of debt to be (usually) negligibly diminished by factors such as bankruptcy and consumption of usually little of our production in the course of exploitation — those models not only forecast the Reagan Administration’s tripling of previous national debt, but further projected ultimate world wide monetary failure at approximately 2010 AD.
Is this why the bankers needed to explode and implode the monetary supply and economy right now? At present the money supply is expanding still as Central Banks and Governments in thrall to the robber-bankers throw money at them and their failed institutions. Some are complicit in this massive Ponzi scheme of debt-based economics, others merely ignorant that they are fuelling the fires of the inevitable collapse of consumer-capitalism.
Don’t believe me. I don’t know the answers. Here is one guy Aaron Russo who said he was told why these things happen and how. Now dead of cancer, he was no woolly hippy conspiracy theorist particularly. He was invited into the inner circle he says and his testimony is beliveable. Here is his Bio on wikipedia which says:
‘In 1972, Russo began his seven-year partnership with Bette Midler, who became a superstar during his management of her career. In 1975 he produced the Tony award-winning Clams on the Half-Shell Revue, which starred Bette Midler and Lionel Hampton. At the time it was the most successful ten-week Broadway revue in history, grossing more than $1.8 million. While serving as Midler’s manager, Russo created and managed The Manhattan Transfer. Later his roster would include such personalities as David Keith, Frederic Forrest, Susan Sarandon and other notable clients.
When Russo turned to producing feature films, his production of The Rose, introduced Bette Midler to motion picture audiences. Midler received a nomination for the Academy Award for Best Actress. The Rose is considered by many to be the classic rock ‘n’ roll film. Russo also produced Trading Places, starring Eddie Murphy and Dan Aykroyd, which has become a Christmas classic, and Teachers, starring Nick Nolte, Morgan Freeman, and Ralph Macchio.
Russo received numerous awards for his achievements. They include a Grammy, a Tony, an Emmy (for producing the best television special of 1977, Ol’ Red Hair is Back, starring Bette Midler, Dustin Hoffman, and Emmett Kelly), plus many gold and platinum records. His films were nominated for six Academy Awards, as well as seven Golden Globes. His films have won three Golden Globes, as well as the Image Award.
In the 1990s he ran into trouble with the Internal Revenue Service (IRS) and eventually found himself with $2 million in liens against him. Years later in 2005, he wrote, produced, and directed a feature film/documentary titled America: Freedom to Fascism, billed as an exposé of the IRS. He also took to describing himself as a “freedom fighter.”‘
Aaron Russo’s last work “America: From Freedom To Fascism”.