In the Fort Amsterdam seated government, no one CARES about debt. The protectors of the evil political agenda have become more addicted to debt than drug addicts to a pipe full of crack.
The Dutch government in The Hague is preparing to approve a loan for their puppets in Curaçao to once again ransack the already impoverished tax payers in order to bailout businesses operating in the tourist industry.
The military invasion of Venezuela is the most urgent plan of the agenda. Venezuela has the world’s largest proven oil- and gold reserves. Covid-19 is used as a smoke screen for this hostile operation.
The tax evading tourism swamp is continuing it’s rampage against the poor, facilitated by the bribed and corrupted politicians that extort their own people in return for fraudulent private and corporate profit.
Jose Jardim, the interim-president of the central Rothschild bank in Willemstad has announced a so-called solidarity package to support the fading tourism industry, that already were exempted from paying profit and turnover taxes?
Over the past twelve years, policies such as “unlimited bailouts” from our omnipotent global central bankers have destroyed markets’ natural ability to properly value and price every investment product.
All these products, across the board, are mis-priced. Interest rates are a function of credit risk or how likely a company is to default on its loan obligations. On the other hand everybody knows that mass tourism stands for eco-terrorism.
Today, many global corporate bond yields are near zero, implying a zero percent chance of default when the chances are much higher.
Near to zero interest rate policy and negative interest rate policy, have led to either the mis-allocation or a dangerous maligned investment of capital, causing productivity growth to plummet. This gave birth to a litter of billion-dollar market-capitalization “zombies.”
Government PM, Eugene Rhuggenaath (PAR) thinks the crisis will continue for @ least 6 months, which might lead to a 20% downfall of the GDP.
Now he wants support the hospitality sector, ignoring the impoverished residents and other employees that used to work for the intentionally financially destroyed local PdVSA-run oil refinery.
Giselle McWilliam (MAN) does not want to support the businesses, but rather the 15.000 mostly foreign employees, supported by human trafficking rings, working in the battered tourism sector.
These companies, that never have and never will pay any profit taxes, are now relieved (temporarily) from turnover taxes, so they cook the books even further.
It is impossible to pay your way out of debt with borrowed money forever; there are real limits. Debt has real consequences. The more total public and private debt grow, the faster overall liabilities increase, making it likely an unexpected event will accelerate the tipping point, after which economies collapse.
Just look at what’s happening now. First, we had 30 years of fiscal profligacy followed by a currency war and then a trade war.
Finally, Covid-19 provided a spark that ignited a petrol-soaked tinder box, which triggered a collapse in asset prices that will kick-start a waterfall of credit defaults across various markets ending with bank failures.
As long as we are in denial about our “debt problem.” Fiscal gap calculations are the only way to accurately calculate the total debt. For that, one needs to include the Cft Budget Office data points to determine the current present value of the unfunded liabilities.
When policy failure occurs, control of markets is lost, and chaos is the result. It looks more like they are rearranging the deck chairs on the Titanic than rigging markets! Do not wonder what this tune is foreshadowing, quickly get to safety and shelter in place.
ABC Flash Point News 2020.