This is a very interesting chart when you consider it is only comparing gold needed to back “money supply”…that is insufficient to pay back all interest and principal on current debt. Throw derivatives outstanding into the mix of that which needs to be cleared and the number then turns into a whopper! Courtesy of CIGA Werner.
Simon sends us “rant #2”. He does again have some very valid points!
Further to my prior ”rant”, I’m compelled to write again to point out and correct some more abject press nonsense.
As already noted I’m possibly going to become an ”ex” Mail and Mail On Sunday reader, which is a shame as amongst the reasons that I’ve been a loyal multi-decade contributor to the” DM and GT pension fund, is because of balanced and accurate coverage in your own column as well as those of the likes of Messrs – Hitchens and Oborne.
This said, a combination of sitting through some of the groundless piffle that you, “Commie Kevin” and dear old Piers Morgan have been spouting on”Good Morning Britain” (which I normally enjoy and much agree with) over the past few days, along with another non-sensical heading in yesterday’s ”Mail” -” Rigging Claims as Putin heads for Landslide Win” leads me to hold you all in utter contempt for (deliberately..??) feeding your viewers and readers with content which is devoid of context and fact.
Let’s take this Putin -” Rigging Claim” heading and shed some light on why it’s nonsense and complete drivel when subjected to the spotlight of truth and facts.
• Long before the election Putin in various independent polls was projected to win 70% of the vote via an electorate who gave him a 90% approval rating.
As it was there was a massive turn out at the polls and he actually won 77% of the vote. What need therefore to rig any election with this approval level – CLEARLY NONE.
• Putin as can easily be seen, a “Super Patriot” who loves his country and does his utmost for the betterment of his nation and of his people.
His ”People”in return regard him as a ”Messiah” – something that has been noted on all over the place (should you care to research it), and which largely is a result of the massive and fundamental strides forward that the Russian Economy’s made and which the Russian People have benefited from since the year 2000 when Putin was elected to power following on from the break up of the old Soviet Union and the chaos / clown act reign of Boris Yeltsin.
The mealy mouthed Western Governments (UK / EU / USA) / Cabal and their propaganda mouthpieces that make up the Western Mainstream Media
would have all of us believe that Russia is an “economic basket case” and in freefall per a failing example of a ”command economy” –
“BUT” – This doesn’t quite stack up when you look at the figures and consider the immense progress that Putin and his crew have ushered in since taking over – Just 18 x Years ago.
Line Item Pre Putin / Year 2000 NOW_
GDP – Per Capita $ 9.500 $ 30,000 – A 3 x Fold Increase in 18 years
Average Median Monthly Salary This has risen 11 x Fold since the year 2000
Unemployment 13% 5.2%
Pensions These have risen by over 1,000% / 10 x fold since the year 2000
Inflation 36% 2.5%
Debt to GDP 92% 17%
Gold Reserves Official Gold Reserves have risen by 500% / 5 x fold since the Year 2000
Do these figures surely not show up your heading –” Rigging Claims as Putin heads for Landslide Win” for the non-sensical and in-accurate bilge that it surely is..?? And does this not fairly easily explain exactly why Mr. Putin won by a landslide and why more especially he didn’t have any need to achieve this result by ”rigging the vote”…??
The simple fact is that he won because he is beloved by his people who showed their love and approval by turning out to the polls in their millions
(Moscow was minus – 15 degrees) to ensure that he won and won for them.
THINK ABOUT IT: If we here in the UK or the equally un-deserving citizenry of “The Exceptional Nation” across the Pond (Excuse me whilst I projectile vomit, etc.), were singularly fortunate enough to have had a Leader who’d literally pulled the Country up and out of the depths of despair and ruination by their bootstraps and achieved the vast strides forward that Putin has in only 18 x Years – then might not we also turn out en masse” to ensure that they stay in Power..?? – THINK ON.
Unfortunately,” NO SUCH LOOK” as ”The West” has collectively suffered at the hands of a sorry band of Crooks / Liars and Incompetents – people called
– Blair, Brown, Cameron, Major, May (Sorry can feel the chunder welling up again) + Clinton, Bush 1, Bush 2., Obama and now ”The Donald”.
People whose names will forever be held in contempt by any right minded person. The only good thing here, is that at least Trump got in and not that evil war-mongering witch ”Hillary” – as otherwise the mushroom clouds could easily have been popping off long before now.
Please, Please – I implore you – Ask your colleagues to do their homework, give up on the serial lying and stop treating their readership as a bunch
Of brainless monosyllabic morons – As we aren’t.
Not everyone in this country is glued to Sky Sports munching dominos pizza and sinking shed loads of “Fosters” on a nightly basis…etc., etc.
Some of us can see what’s going on in this world and have retained the ability to reason and to think for ourselves.
You (collectively) clearly don’t see us this way and are therefore happy to treat us with the utmost contempt –”BUT” not as high as the level of contempt in which we hold you lot for abandoning the ideals of a free and truthful press.
You should look at yourselves and feel very, very ashamed of what you’ve become and for what you do – Sadly though I imagine this is something that you are incapable of – NO..??.
I hope this gives just a small inkling as to how I and doubtless countless others fell about you, the powers that be – and the way that you seem to sit idly by whilst this country and the whole world – GOES TO HELL IN A HAND-CART, when you could be standing up / speaking out and actually doing something to stop it by exposing what’s going and by telling the truth.
I always understood that “The Fourth Estate” – namely yourselves in the Press were there to serve the people by exposing the corruption as evinced by this cabal of crooked politicians, corporate thieves and robbing ”banksters”. Why don’t you all look up ”duty” in your dictionary and then collectively decide to retrieve what little honour, integrity and reputation you may still have – by doing your jobs as journalists.
OR – is it probably just that you for the most part are all ”bought and paid for” and are simply too afraid to tell the truth on the basis of mouths to feed, mortgage to pay and need of the pension, (Sorry – likely already spirited away to money heaven..!!) when you’re old and knackered…etc…etc.
Anyway, sorry to bang on like this, but felt that I needed to get this off my chest ahead of” Vlad” getting really seriously pissed off and sending one of his all new “Sarmat” hypersonic missiles flying down my chimney – or of course, better still yours – THINK ON..!!
Best and Warmest,