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Financial Spin Cycle (Wash. Rinse. Repeat.)

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Another Peak experience with more clarity to share on the financial scam called the world economy. We’re on the brink people. – Zen

(From Zero Hedge) The US Dollar is the reserve currency of the world. You need it to buy oil, a vital component of any economy. Since other countries like China cannot print US dollars at their leisure, they have to get it from somewhere. They get it from trade with the US. The US buys products in Asia and the rest of the world with US dollars, and in turn these same dollar surpluses are used to buy oil and US bonds, creating a much needed artificial demand for US dollars.

Why did the US debt grow to these proportions?

Short answer: the US government spends more than what it receives in revenue. In 2012, the US federal government expects to receive $2.5 trillion in revenue, while the total spending carried out by the federal government is $3.8 trillion. The difference ($1.3 trillion) is debt piled onto of the previous debt. MORE

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ZenGardner.com

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21 COMMENTS

  1. Awesome as usual. Love the bumper music.

    Am I the only one here who thinks our monetary system is phooked beyond repair and needs to go?

    • Rock Paper Scissors I could play that game forever
      Yup I am with ya The monetary system is 100% whacked , The 1st thing that’s needs to go is usury. Second to go fiat, Regional curacy should be use in its own environment as medium of exchange only.
      Thanks I all ways love that Kings of Leon song

    • Not sure how you want to tie that into 110% debit to G D P leverage , on the books Of teh book the real numbers are 50 times that . If you had a credit card and it was maxed out 10 times over and every loan shark is on you for 30% Vig with compounded interest what happens ? ,, some one is going to take a dirt nap! . war its what they do

  2. Cooking for a living, I see inflation each day with food orders and supplies. You’re right Mr. Peaks, you do have to step in and view the details..thank you for sharing! I know it is redundant to some but many still haven’t absorbed everything… We have to walk the talk…thank you for the econ/history lesson and cool music too :)

    • Ms Marry so right The inflation is very real people Just refuse to look at , if ones can see teh so called ” hockey stick moments ” in inflation cycles. you are 80% a head of the game.
      xo

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