SharePoint Nick

# re: G20 – where does the money come from?

The money will come from the issuance of bonds, printing more currency, drawing down reserves, and appropriations of existing budgets not specifically allocated to a destination. Some countries like China have reserves to draw down. All countries have a steady stream of cash coming in the form of taxes each month. In the US, there are funds in the annual budget that are divied out by appropriations committees during the course of the year. Some of the funds will likely come from security budgets (e.g. military, intelligence organizations) to stabilize 3rd world countries. Most if not all the countries can issue bonds or increase their money supply or draw upon other entities like their central banks or in the case of US the Federal Reserve.

# re: G20 – where does the money come from?

Can I translate that?

They will print money, thus devaluing their own currency. Then when they realize they don't have any more money they will sell more bonds but because their money has no more value, they will have to raise the interest rate so that it becomes somewhat more attractive to the few countries and institutions that have anything left. That interest rate will then translate to the general population as inflation. People will have less and the government will already be asking for more in the form of taxes to 'fix' the problem they created.

So the result is that under the auspices of helping the poor and needy they will make more people poor and needy. They never address the problems that make people poor and needy, they just throw money at the problem thus propping up regimes that are dictatorial at worst and socially engineered at best. This is commonly referred to as moral bankruptcy and weak kneed liberalism. We can't offend someone so we'll just make nice regardless of who or what they are. After all, it worked for Nazi Germany and Imperialist Japan, it should work for North Korea, Iran and Somalia right?

# re: G20 – where does the money come from?

I'm like you Nick and I asked that *exact* question to some friends in the pub after hearing that news on the car radio on the way there. I understand (ish) what the other commentors have said but what I mean is this: if the UK government have had these 'reserves' of all these resources then how on earth have our National Health System, education and defense budgets been so underfunded by successive governments for so many generations?

It seems to me that Gordon Brown single handedly stripped the UK of any accumilated wealth (whilst continually bleating about what a fantastic job he was doing of making everyone better off even though they were just doing the same as him and running up massive debts on credit!) and now he's trying to set himself up as the saviour of the world!!

# re: G20 – where does the money come from?

“Silent Weapons for Quiet Wars