Understand The Times, International

Comment from Understand the Times:

This short video clip below is discussing the �Christian� cult, The Family, in Washington DC that is manipulating the church in America. David Barton & Ergun Caner, among many others are in this cult. Since the founders/roots of The Family go back to Hitler, these guys are tasked with building the same demonic �Christian� machine that was present during the Hitler years. It is anything but Christian. Some of it�s members are �Christian� men who attend the occultic Bohemian Grove where rampant perverted sex takes place in front of a 30 foot owl.

November 18 - The Family

Article: Misc.

$10.2 trillion: The amount of money advanced-nation governments will need to borrow in 2011. As the debts of advanced countries rise to levels not seen since the aftermath of World War II, it�s hard to know how much is too much. But it�s easy to see that the risk of serious financial trouble is growing.

Next year, fifteen major developed-country governments, including the U.S., Japan, the U.K., Spain and Greece, will have to raise some $10.2 trillion to repay maturing bonds and finance their budget deficits, according to estimates from the International Monetary Fund. That�s up 7% from this year, and equals 27% of their combined annual economic output.

Aside from Japan, which has a huge debt hangover from decades of anemic growth, the U.S. is the most extreme case. Next year, the U.S. government will have to find $4.2 trillion. That�s 27.8% of its annual economic output, up from 26.5% this year.

Still, there�s reason to be concerned that governments� appetite for borrowing could ultimately push up interest rates, or worse.

But as the IMF warned in a report this week, the chances that investors will balk at lending to governments �remains high for advanced economies.� That�s a highly undesirable outcome � picture a financial crisis in which governments can�t step in to help, because government finances are the problem. We can�t know how close we are to such an outcome, and the need to keep the recovery going would make cutting back now a risky move. Ultimately, though, we�re heading in the wrong direction.