Global DEBT..... we are here..!!
GLOBAL DEBT
Many of you who have been following me on twitter know that I have been banging on about this issue for over 18 months now.
Currently there is approx $275 trillion of Global ASSETS in the World.
The Global GDP currently stands at approx $75 trillion and is potentially stalling..!!
There is approx $275 trillion of DEBT..!!
There is approx $1,500 trillion of DERIVATIVES..!!
But the scary part that know one ever wants to talk about is the Global Unfunded Liabilities of approx $750 trillion..!!
It is this Global Unfunded Liabilities that needs to be tackled and tackled fast..!!
Simply, if the World was a Business it would be INSOLVENT..!!
The current DEBT is a big problem, but the UNFUNDED FUTURE LIABILITIES is a whole new ball game..!!
The current Financial Model works if Inflation and Growth keeps pace with DEBT but in reality since the mid 1980's and the advent of the Internet the model has been severely flawed.
The only reason why it has been able to be held together is the sheer volume of DERIVATIVES that has simply patched up the difference.
Unfortunately these DERIVATIVES by simple definition have an ultimate End Date and the illusion that everything is OK is finally catching up on itself..!!
This is serious, this is VERY SERIOUS..!!
Thanks for reading and feel free to share.
Stephen
I've been trying to warn people too. I suspect there will be a false flag soon to draw peoples attention from the real culprits.
Absolutely agree. A false flag will help mask the real problem and hide what we all know is causing the distress to the Financial System. Thanks for the Resteem I really appreciate the support. Following. Stephen
Roughly 2.5 quadrillion in notional global debt. The only solution is a worlwide debt jubilee through hyperinflation of nearly all fiat currencies. This process has been started.
"The only solution is a worlwide debt jubilee through hyperinflation of nearly all fiat currencies. This process has been started." Now here is someone who know's what they are talking about. Thanks for the comment I really appreciate the support. Following. Stephen
I have a place where I can grow my own food and then trade what I do not need.:-)
I really appreciate the support. Now following. It's funny you should say that, I tell people learn to drive a tractor and teach themself how to grow vegetables and they think I am crazy. Sure it may be said in jest, but we are know that actually behind it there is real meaning. Cheers. Stephen
Me too! What goes up eventually comes down.
I wrote today about what may come https://steemit.com/economics/@nelu.ceban/there-will-be-another-big-global-economic-crisis-forecasts
Just tweeted it. Thanks. Stephen
Steven,
Global debt doesn't exist, and neither does money. The sooner we man up to these realities, the sooner we can ensure that wars don't happen.
Global debt is a state of mind and has physical value along with a detromental outcome.