Tens of trillions of fake currency units printed as living standards fall

Energy abuse

Japan, the EU and the US all have failing economies. And they are all failing at the same time for the same reason: consumers in these countries are reluctant to borrow. And without borrowing, they have no way of increasing consumption. Households are cutting back for three reasons.

First, they are getting older.

Two, their real incomes are stagnant or falling; and

Three, they already have too much debt.

This makes the downturn similar across these countries; they are all led by consumers trying to repair their balance sheets.

Most people in the western hemisphere and Japan are experiencing significant inflation in food and energy prices. Real, non-manipulated food inflation is in many cases between 10% and 20%. However, accurate figures are not published because the truth is hidden from the public.

The tens of trillions of printed dollars, euros and yen have for the most part not reached the real economy. They have been used to prop up the stock and property markets and bank balance sheets so that the money stays in the banks.

SNIP