Submitted by Adam Taggart via Peak Prosperity,
Sometimes it pays to step way back and look at things from a high level.
In response to the 2008 crisis, the world’s major central banks pumped an unprecedented amount of monetary stimulus into the system — all in the name of kick-starting enough economic growth to pull the planet out of its fundamental sinkhole of Too Much Debt.
More than six years and over $4 trillion later, what exactly can we say it did for us?
Not enough, as the following short video summarizes.
Many of you are already well-familiar with this theme. Hopefully this video provides a welcome reminder that you’re not crazy, despite the persisting artificial heights of today’s asset prices. And perhaps more important, it’s intended to be an easily-sharable resource for waking up new ears to our message of prudent caution.
Only in the world of banking can a debt be reclassified as an “asset”..What utter bullshit! The “money” of real value, gold and silver, have been manipulated by the crooks. I can’t wait for the next step, the one where the FED/IRS attempts to steal our IRAs/ retirements, and bank accounts. If Americans allow this to happen, we deserve to be thrown into the toilet and flushed to hell.
Ragman, not only in banking but in the calculation of GDP, back in 2013 the US became the first nation to include debt as an asset.
GDP rose 3% while the debt to GDP dropped.