Mainstream media (MSM) is reporting that through statistical data analyzed, families in the top 10 economies are hoarding their cash and spending money with caution.
With information provided by the Organization for Economic Cooperation and Development (OECD), households are keeping an estimated $3.3 trillion in cash out of the system.
The amount of citizens participating in the debt cycle is waning as more households are purchasing based on need and not excess.
Money from household incomes is being set aside in savings and bonds that have low payments.
Globally speaking, because consumer spending is integral to the structure of our world economy, the lack of consumerism in the general market is causing quite a stir.
Ian Bright, senior economist from ING Financial Services (ING) commented: “It doesn’t take very much to destroy confidence, but it takes an awful lot to build it back. The attitude toward risk is permanently reset.”
This trend is great for individual family finances, but will starve the global economy by keeping purchases to necessities and not indulging in brazen consumerism.
In general, investing in global markets has slowed and stocks are sold more often than they are purchased.
Americans alone have taken back an estimated $521 billion out of the global market place which has proven a warning sign that something is truly wrong.
Indeed, in nations where the unemployment rate is higher, whether a developed country or not, there is less cash being spent by citizens.
Consumerism, and the global market’s dependence on it, has become a focus of attention as more Americans are not only refusing to indebt themselves further, but are also paying off their current debt accrued.
Credit cards once held in exorbitant numbers are dropping dramatically.
By not spending money and supporting the tyrannical technocratic takeover of the world, citizens are actually having a tremendous effect on these banks and multi-national corporation’s ability to function.
Some of the most effective ways the people are changing the financial system are:
• Walking to work and shopping areas
• Only purchasing goods on sale
• For-going eating out and vacations
According to a complicated algorithm called DebtRank is foretelling of a global financial crisis.
The development team of DebtRank has realized that because of confidential global transaction of the global Elite through the worldwide stock market, there cannot be an aversion to a central banking controlled financial collapse.
Technocratically-controlled institutions like Lehman Brothers fell into bankruptcy while Merrill Lynch was purchased by Bank of America (BoA) amid the imploding US auto industry.
The Bank for International Settlements (BIS) has warned all central banks not to continue to participate in the global recovery after Ben Bernanke, chairman of the Federal Reserve, announced that his technocratic bank will slow down their acquisition of US bonds and mortgage-backed securities.
In the BIS Annual Report for 2012 – 2013, it is claimed that “since 2007, actions by central banks have prevented financial collapse.”
With national economies imploding across the globe, the focus must be “the economic and financial reforms needed to return economies to the real growth paths authorities and the public both want and expect.”
Fiat currency is considered “borrowed time” and that more bond purchases made by central banks will impede the world’s economies to recover.
The BIS asserts that policymakers must consider the impact of national monetary policy which is passed will affect the global markets. In response, central banks must coordinate their efforts to relieve the side-effects of each nation against the stabilization of global markets.
The BIS report states: “How can central banks encourage those responsible for structural adjustment to implement those reforms? How can they avoid making the economy too dependent on monetary stimulus? When is the right time for them to pull back … [and] how can they avoid sparking a sharp rise in bond yields? It is time for monetary policy to begin answering these questions.”
The document said that the central bankers have done all they can to help the global economy and now it is “past the height of the crisis” and yet the “central banks cannot do more without compounding the risks they have already created.”
Essentially, the BIS warns that the “central banks cannot repair the balance sheets of households and financial institutions.
In America, the mega banks have been buying up smaller banks through mergers and acquisitions. While keeping their names to fool the American public into believing they are banking independently, these mega-banks (i.e. JPMorgan Chase, Bank of America, Citibank and Wells Fargo) are consolidating financial power by manipulating control over the banking industry without answering to any regulatory body.
The governmental intervention into saving the mega-banks is called “constructive ambiguity.” This term refers to the banks being subsidized by the US government with cash pay-offs. An estimated 70* of some of the mega-bank’s worth is provided by the government.
In response to the shift in finances, technocratic institutions are enacting financial terrorism onto the citizens of developed nations.
Barclays was the originator of the Libor scheme where interest rates to the tune of trillions of dollars that were siphoned from mortgages, loans and investments that was meant to cause countries to declare sovereign debt to the banking cartels so that they will own the nations of the world.
By manipulating municipal bond sales, Bank of America has defrauded schools, hospitals, states and local governments.
Goldman Sachs purposefully lied to investors in 2010 to defraud them out of money that they used to reallocate to debt, which caused the cash to disappear into the coffers of the banking cartels.
JPMorgan Chase financed Enron Corporation by manipulating investors with fake research on the worth of stocks and bonds. This caused the loss of millions.
Military families were over-charged for mortgages – even while active duty soldiers were stationed overseas in Iraq and Afghanistan their families in the US were being foreclosed on.
Citigroup also financed Enron Corporations and fraud clients for billions of dollars by selling stocks and bonds at WorldCom. The fake investments were mortgage-backed securities.