08 outubro 2010

A QUEDA DO IMPÉRIO :

Board of Governors of the Federal Reserve System - October 4, 2010 - At the Annual Meeting of the Rhode Island Public Expenditure Council, Providence, Rhode Island. Chairman Ben S. Bernanke .
Bernanke reafirma, agravando :
- " Situação iminente, medonha, insustentável".
Petrificada, mídia ocidental em silêncio absoluto : não gerar pânico nas massas.
clique aqui . - " ... Almost by definition, unsustainable trajectories of deficits and debts will never actually transpire, because creditors would never be willing to lend to a country in which the fiscal debt relative to the national income is rising without limit. Herbert Stein, a wise economist, once said, “If something cannot go on forever, it will stop.” One way or the other, fiscal adjustments sufficient to stabilize the federal budget will certainly occur at some point. The only real question is whether these adjustments will take place through a careful and deliberative process that weighs priorities and gives people plenty of time to adjust to changes in government programs or tax policies, or whether the needed fiscal adjustments will be a rapid and painful response to a looming or actual fiscal crisis.  There is no way around it – meeting these challenges will require policymakers and the public to make some very difficult decisions and to accept some sacrifices. But history makes clear that countries that continually spend beyond their means suffer slower growth in incomes and living standards and are prone to greater economic and financial instability.  If current policy settings are maintained, and under reasonable assumptions about economic growth, the federal budget will be on an unsustainable path in coming years, with the ratio of federal debt held by the public to national income rising at an increasing pace. Moreover, as the national debt grows, so will the associated interest payments, which in turn will lead to further increases in projected deficits.