Emerging market (EM) predatory dollar debt runs on a 7-8 year bankruptcy cycle.
This no-risk / free-money
cycle repeats a devastating pattern of economic gutting.
It is also a very deceptive planned economic destruction cycle. All under the guise of helping
.
Jim Willie explains:
....there is now an impaired [amount] between 9 and 15 Trillion dollars of debt, bad dollar loans
from emerging market (EM) nations....there is a truckload, boatload, mountain side of impaired dollar loans....
How did that happen? ...Question: Jim, I don't understand how EM nations have all this bad debt,
aren't we helping to build up their economies? ...Yes, but in the last 6 or so years we have given them a lot
of extended [dollar] credit telling them it is No-Risk. Not Low-Risk but No-Risk because it is near zero percent.
The risk is with their currency which is DOWN 15% to 40% depending on the EM nation.
[example: Venezuela in 2016]
Question: Oh, i get it, they can't pay their loan off because their home currency has gone to cr@p?
....Yes, that's it. Do you think Janet Ye11en and [$tan] Fischer at the Fed are going to say
let's cover that 10 Trillion?
[ie. debt forgiveness] No! We're going to say let's go in there
and take over their countries. It's predatory. Debt can be predatory.
Source: Jim Willie Interview with John B. Wells, Caravan to Midnight, [1:14 min], www.goldenjackass.com
Why don't the US FED / Treasury and DC swamp worry about our national debt? Here is how the FED, part of the 'oneBank', makes the debt notes they print vanish away....
The method in a nutshell: destroy the purchasing power of a currency (accelerated inflation). Meaning more currency buys less product. So the once large amount of debt used to buy lots of product. Using inflation the same debt only buys a small amount of product so its value has been decreased.
Of course, you and i pay for higher everything in terms of services and products. We are left paying the tab.
For a detailed analysis read Is There A ?Back Door? Method For The Government To Pay Down The Federal Debt Using Private Savings?
Rephrased in less academic terms ? the government methodically destroys the value of money over a period of
many years, and uses regulations to force a negative rate of return onto investors (in inflation-adjusted terms),
so that the real wealth of savers shrinks by an average of 3-4% per year (in the postwar historical example).
[Source: article above]
Quantitative Easing (QE) destroys capital, creates debt and allows the Fed to hyperinflate the currency, decreasing purchasing power for consumers.
The Economist.com explains that
...To carry out QE, central banks create money by buying securities, such as
government bonds, from banks, with electronic cash that did not exist before.