John and I connected to discuss the latest economic developments. His next book, co-written with GoldMoney’s James Turk will be released any day. John believes that bank lending is about to pick up big time. The reason is simple. Since at least the 1980s, US policy has been to convince us to borrow as much as possible on pretty much anything we could think of. This worked brilliantly until 2008, when homeowners, consumers and businesses hit a wall and private sector defaults began to exceed new loans. Another Great Depression was imminent.
But instead of allowing this natural cleansing process to run its course, governments around the world stepped into the breach themselves, borrowing tens of trillions of dollars to replace evaporating private sector debt. The idea, to the extent that there was one, was to buy time for traumatized consumers and businesses to relax a bit and start borrowing again. So sit back and watch the fun begin again.
Go to http://FinancialSurvivalNetwork.com for the latest info on the economy and precious metals markets
SUBSCRIBE (It’s FREE!) to “Finance and Liberty” for more interviews and financial insight: http://bit.ly/Subscription-Link
LIBERTY MASTERMIND SYMPOSIUM:
Join Elijah Johnson along with 14 of the most influential thought leaders in the world of alternative media at the Liberty Mastermind Symposium in Las Vegas Feb. 21-22, 2014. Register today at:http://LibertyMastermind.us
FINANCE AND LIBERTY:
Like us on Facebook: http://fb.com/FinanceAndLiberty
Follow us on Twitter: http://twitter.com/Finance_Liberty
Google Plus: http://Gplus.to/FinanceLiberty