Showing posts with label planned obsolescence. Show all posts
Showing posts with label planned obsolescence. Show all posts

Thursday, February 25, 2010

Why Lawmakers Won't Fix the Economy . . . and How to Prepare for Coming Collapse

Few realize that the rising deficit and decrease in production are by design. Politic decisions are influenced by central bankers to an extreme, even godlike, degree. In order for a state in increase it's capital account, it must create debt and outsource production. In addition, every time a new consumer or mortgage loan originates, new money—debt—is created.

Wealth is an illusion. Truth wealth is complete ownership of an asset. A homeowner does not own their home as long as there is a mortgage. That mortgage is considered an asset by the bank, even though the loaned money did not even exist prior to the mortgage being created.

According to economist Peter Schiff, who predicted the current crisis years before it happened, "Our government for many years has been successful at hiding the problem and buying time". (Crash Proof 2.0: How to Profit From the Economic Collapse). Why hide the problem? Why "buy time"?
 

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