With the United States heavily in debt and facing record-high deficits, the global economy has severe imbalances. The total debt in the United States has now grown to $46 trillion. The trade deficit now exceeds $800 billion, and the American consumer is swimming in debt. Similar imbalances can be seen throughout the 'developed' economies of the West. Therefore, bankers and governments who want to stay in power at all costs have decided to resort ...

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With the United States heavily in debt and facing record-high deficits, the global economy has severe imbalances. The total debt in the United States has now grown to $46 trillion. The trade deficit now exceeds $800 billion, and the American consumer is swimming in debt. Similar imbalances can be seen throughout the 'developed' economies of the West. Therefore, bankers and governments who want to stay in power at all costs have decided to resort to accelerating the rate of monetary inflation. 'But why would they do that?' you may wonder. The answer can be summed up in the following words: Inflation makes debt less formidable and easier to handle.

Authors Bio:

OpedNews volunteer from 2005 to 2013.

Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.