As you guys know if you watch my YouTube videos I love digging back into the past which helps me to predict the future. Now jumping back to world war 2 , during this war Britten was running out of money! So what did they do to help with that issue of running out of money? The first thing that they did is just started printing money and devaluating their currency , the second thing they did is borrow massive amounts of money.
These two actions that they took had something I like to call unintended consequences.
A symptom of the first action they took is that they devalued their currency so much that they actually ruined their economy , which lead to them loosing the the reserve status currency of the world , and led the loss of their world super power position. It’s gets worse than that , they actually took on so much debt of future tax payers and so much debt from other countries that they managed to run up the debt tab of 10 billion dollars of debt. This number may seem minuscule to the amount of money we are printing and borrowing today which is now at 6 trillion dollars and steadily climbing , but you have to remember when they borrowed that 10 billion during the war this was in 1945, the currency was much stronger in terms of purchasing power back then.
This action they took of borrowing that much money put their debt to GDP (gross domestic product) ratio at 200% , this means it was double the amount of their production! This hole they dug themselves in 1945 had tax payers paying for it up until 2006 , this is 61 years of tax payers money funding a war that happened 61 years ago… whether you were alive for it or not. Now they reason I speak on this is because I’m drawing parallels between back then and now and looking at the actions that have been taken. In today’s age we may not be fighting a world war but we are fighting the invisible war , which is this virus. The actions we are taking today dwarf the actions humanity took back then.
If it took them 61 years to pay back the debts imagine how long it will take us to pay back the trillions of dollars we have printed up. We may find the “solution†to this virus but we have yet to find the solution of the financial virus. The only solution I can foresee is learning how to take control of your financial future by learning alternatives to this debt based Ponzi scheme we have. Check out my YouTube video where I cover this topic , link down below !