Euro Stats

Saving rate in eurozone is 15,1%.
http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-30042010-CP/EN/2-30042010-CP-EN.PDF

China is the highest-risk economy on earth.

Here is a PowerPoint presentation, 20 pages worth reading. 

China - The Mother of All Black Swans - By Vitaliy Katsenelson

What is Fraud?

Wiki:  In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain.

What is a Banana Republic?

Wikipedia's description of the four bullets which make up a banana republic:
Profits Privatized and Debts Socialized
"A collusion between the overweening state and certain favored monopolistic concerns, whereby the profits can be privatized and the debts socialized."


Devalued Paper Currency
"Devalued paper currency in the international community."

Politicians Use Time in Office to Maximize Their Own Gains 
"Kleptocracy -- those in positions of influence use their time in office to maximize their own gains, always ensuring that any shortfall is made up by those unfortunates whose daily life involves earning money rather than making it." 

Corruption Remains Unchecked, Politicians Are Only for Show 
"There must be no principle of accountability within the government so that the political corruption by which the banana republic operates is left unchecked. The members of the national legislature will be (a) largely for sale and (b) consulted only for ceremonial and rubber-stamp purposes some time after all the truly important decisions have already been made elsewhere."


A Banana Republic With No Bananas

Goldman Sachs With Fraud

SEC Charges Goldman Sachs With Fraud On Subprime Mortgages, Paulson & Co. Implicated

 

 

Disastrous Economic Fallacies - Terror as Stimulus?

“

Have you ever witnessed the anger of the good shopkeeper, James Goodfellow, when his careless son happened to break a pane of glass? If you have been present at such a scene, you will most assuredly bear witness to the fact that every one of the spectators, were there even thirty of them, by common consent apparently, offered the unfortunate owner this invariable consolation—"It is an ill wind that blows nobody good. Everybody must live, and what would become of the glaziers if panes of glass were never broken?" Now, this form of condolence contains an entire theory, which it will be well to show up in this simple case, seeing that it is precisely the same as that which, unhappily, regulates the greater part of our economical institutions. Suppose it cost six francs to repair the damage, and you say that the accident brings six francs to the glazier's trade—that it encourages that trade to the amount of six francs—I grant it; I have not a word to say against it; you reason justly. The glazier comes, performs his task, receives his six francs, rubs his hands, and, in his heart, blesses the careless child. All this is that which is seen. But if, on the other hand, you come to the conclusion, as is too often the case, that it is a good thing to break windows, that it causes money to circulate, and that the encouragement of industry in general will be the result of it, you will oblige me to call out, "Stop there! Your theory is confined to that which is seen; it takes no account of that which is not seen." It is not seen that as our shopkeeper has spent six francs upon one thing, he cannot spend them upon another. It is not seen that if he had not had a window to replace, he would, perhaps, have replaced his old shoes, or added another book to his library. In short, he would have employed his six francs in some way, which this accident has prevented.[1][2]

”

Frédéric Bastiat

The blame for this debt monstrosity?

All coercive taxes except for about 8 ounces/year silver from ever male 20+ are unauthorized. Get rid of them and tax funded schools (most schools are archaic and brain-washers for the banks). Then families will be able to freely choose where to give and spend there wealth and how to educate their children.

The blame for this debt monstrosity squarely goes to the big banks, state, religious leaders and to a smaller degree family leaders (because they have been deceived like Eve in Eden).

ie: When my children are brats I am responsible for correcting them. When members in a congregation are brats the priest is responsible…. When priests are brats the bishop is responsible…. the pope is responsible… the representatives are responsible… the judges are responsible… the president is responsible… but they are all corrupted by the reserve banks that have been given the right to counterfeit wealth and control economic directions.

If all unauthorized taxes and fractional reserve banking were abolished these powers would not be profitable positions. They would have very little power. The power would be with families. (This is why families, schools, inheritance and private property have been made dysfunctional by the brain-washing banks, state and “church”.) This would restrain corruption and release liberty. It will not make a totally Utopian world because people’s hearts are corrupt but it would make it “more perfect” (growing in maturity and justice).