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Month: July 2014

Interesting observations after reading the BIS Report

Interesting observations after reading the BIS Report

After reading new BIS’s report there are following interesting observations I could find. Firstly, for last few years centrals banks have been printing electronic money like crazy. The only effect of pumping this empty money into the economy is that the total debt increases and the creation of huge speculative bubbles in the economy. Secondly, the percentage of tax revenue allocated to the repayment of government debt rose from 20% to around 25%. And because, the last few years economic…

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