world-economy-crisis-2012

World’s financial facts

world-economy-crisis-2012
world-economy-crisis-2012
Since President Obama took office, the U.S. national debt has increased by $5 trillion.
That’s a 50% increase in government debt in four short years.
At the same time, the Federal Reserve has increased the size of its balance sheet by $2 trillion.

But it doesn’t stop there. Over the past three years…

The European Central Bank’s balance sheet has grown by $2 trillion.

China’s money supply has increased $1.5 trillion.

Japan’s central bank has increased the size of its balance sheet by almost $1 trillion.

Add in England’s $500-billion increase in its money supply and presto…

An unprecedented $12 trillion in new money has been created out of thin air.

If there is one thing history has taught us, it is this…

The more debt a government piles on, the more money a central bank creates out of thin air, the more damaging the
eventual consequences.