Title: Dr. Mark Skidmore - $21 Trillion “Missing” Money Huge Implications for Dollar Source:
[None] URL Source:https://www.youtube.com/watch?v=H4XRbcBz2Z4 Published:Oct 13, 2018 Author:Greg Hunter Post Date:2018-10-14 19:46:12 by BTP Holdings Keywords:None Views:644 Comments:2
Michigan State Economics Professor Dr. Mark Skidmore says there is a limit to money printing even when all the global central banks are doing it. Skidmore says, “What does it mean when a central bank is buying equities, or buying debt with printed money in order to suppress interest rates and keep this game going? I think, overall, the whole world is awash in debt, and it’s expanding at a rate that is unsustainable. The only way it has been sustained is that interest rates have been falling for 30 years. Now, interest rates are no longer falling, and we are running up against a constraint. Now, if this $21 trillion in “missing” federal money really represents spending above and beyond what the official records indicate, then that has huge financial implications and huge implications for confidence in the dollar as the reserve currency. This is an enormous priority to address and not just cover up and say we are all good.”
In closing, Dr. Skidmore says, “How can you have a democracy if you don’t have any transparency whatsoever? Having integrity and confidence is so essential to the whole system, and this just puts everything in question. . . . We should clean this up and show we are legitimate. If we don’t, we are just shooting ourselves in the foot.”
Join Greg Hunter as he goes One-on-One with Dr. Mark Skidmore, Professor of Economics at Michigan State University.
"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brush fires of freedom in the minds of men." -- Samuel Adams (1722-1803)‡
"Resistance to tyrants is obedience to God." -- Thomas Jefferson
The whole problem stems from when FDR was President and abrogated the gold standard. This set in motion the move toward debt based currency. There are few nations in the world without this system of a Rothschild controlled central bank. North Korea, Iran and China are the few without them and so is Russia.
Putin kicked out the Rothschild banksters long ago. Why do you think we are stirring the pot trying to provoke them by running a low grade war against them? The B-52s are flying near the North Pole with their revolver type launchers for nuclear cruise missiles. And they await the launch codes to be sent to them.
When Trump met with Putin and developed a rapport, it infuriated the globalists. ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke