【English BlogNo.3367】■ I must tell American People! Don't be fooled by "the mechanism for creating financial resources by the Gouvernment"! (No1)
My name is Yasuhiko Yamazaki.
I am a japansese independent journalist based on internet media.
I am also a political and social activist.
I am broadcasting everyday in Japanese 【YYNewsLive】 except Saturday and Sundayat 9:00 p.m. in local time for more than 7 years.
Approximately 1000 persons are watching every time.
I started English-Japanese broadcast biweekly on Wednesday night from the 7th 2015 in order to talk directly to 1.4 billions of English speakers around the world to let them know the hidden and unknown truths on Japan and the world.
Please find here-after the English blog based on the scenario of English-Japansese broadcast made yesterday on the 24th March 2020.
■ I must tell American People! Don't be fooled by "the mechanism for creating financial resources by the Gouvernment"! (No1)
U.S PresidentTrump and Democratic Party have decided to spend $ 2 trillion =about \ 220 trillion to deal with "the unprecedented crisis" caused by the "the newcoronavirus".
The source of this funding is“the Government Bonds”issued by U.S Treasury followed by“the nationa debts”that US people pay for.
▲ What is“the mechanism for creating financial resources by ther Governement”?
1.U.S. Treasury will issue "$ 2 trillion =about \ 220 trillion yen" of "the Government Bonds" and all of them will be underwritten by the private banks.
2.US Government will borrow "$ 2 trillion =about \ 220 trillion" from the private banks.
3.US Government will pay every year "hight interest" to the private banks until the redemption periode of "the Government Bonds" comes.
* The amount of "the interest" that US Government would pay every year to the private banks might be "＄30 billion=about \ 3.3 trillon" if "the 10-year Government Bond interest rate"is applied at 1.5%.
4. When "the redemption period of the Government Bonds”comes, US Government issues "the new Government Bonds”to secure financial resources to pay“the Principal of ther Governmet Bonds”by "the new debt" from "the private banks".
▲What is the true meaning of "the mechanism for creating financial resources by ther Gouvernment"?
It is a "skillful trick" in which the Government intentionally creates a huge "national debt" to give huge profits(interest) to the private banks and lets the people pay "the national debt".
【Informations From Suginami】 【YYNews YYNewsLive】
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