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Attention: FRIENDS
The Bible is replete with descriptions of feast and famine.
An effete, homosexual economist convinced governments that they could end the business cycle.
His method to...... borrow from the future to pay for a disequilibra as it occured..... but even Keynes
did not advocate continously priming the financial pump after the economy of a nation had recovered!
"The wicked borrow and do not repay."
Psalm 37: 21
The wicked borroweth, and payeth not again: but the righteous sheweth mercy, and giveth.
Thus we borrow from our children and grandchildrens future and can not repay.
Is this a covenant with death?
Government Deficits: A Betrayal of Household Savings
In Italy, since 1971, our government sector has run financial deficits not only for capital formation but
also for its current accounts. What this means is that the savings intentions of the household sector
are betrayed, because private savings go into excessive consumption by public fiat over which the
individual who pays for it has no say whatsoever. The same is true now internationally. At present,
global savings do not go into capital accumulation but into meeting the balance of payments of
individual countries, that is, into current expenditures. This is the real underlying cause of inflation
we are experiencing worldwide.................
Only inflation can reconcile this discrepancy. Under this system, whatever the specific cause, inflation
becomes inevitable and brings real interest rates to zero.
The above excerpts are found on page 231 of "TOWARD THE YEAR 2000" by Ruth Karen
They are the comments of Professor Mario Monti, Economic Advisor Banca Comerciale Italiane