Economies are bankrupt and have been for over 80 years..!!
TECTONIC PLATES
The majority of Global Economies are bankrupt and have been since the mid 1930’s.
With Central Banks printing money on an unprecedented scale from the US, UK, Europe, Japan, Russia and China, this large scale Global Money Printing is a clear sign that the end game of the Global Monetary Policies are closing in.
No longer an option
Cutting Governments spending is no longer an option that will actually have any recognisable benefit to the now out of control levels of unsustainable Debt.
This is a serious, serious problem and yet official figures are still painting a picture that everything is ok.
It is not..!!
Debtor Nation
As the largest Debtor Nation, not just in the World but in the history of the World, the US is leading the charge in creating the largest Global Debt Bubble imaginable.
With a US Current Account Government Debt of £20 Trillion it is not this that is the major concern but the $350 Trillion of Unfunded Futures Liabilities that is the biggest worry.
Tectonic plates are shifting
The unstable dynamics of the Global Financial System can be likened to the tectonic plates shifting prior to a catastrophic earthquake and we are already starting to feel the tremors.
We are living in dangerous Global Financial times with a Debt that is now very much in control.
We are not in control of the Debt, the Debt is in control of us and we are stood on the fault line of the Global Financial Tectonic Plates..!!
Thanks for reading.
Stephen
Good one Stephen...I don't believe there is any intention whatsoever to pay off the national debt. At this point I believe it would be unfeasible, if not downright impossible. Our debt exceeds our GDP and is growing exponentially faster. Thank you Mr. Obama, et.al!
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The banking system is like a fairy tale story. As long as people continue to believe that the story is true, the storytellers will continue to write another chapter that will keep the story going in spite of its obvious signs of dysfunction. What will truly make the system collapse will be the acceptance of an economic model that is based on what is true.
What I love about crypto is that its decentralized nature allows for the individual(s) to pursue such an economic model.
I'm with you on this. The question is how much longer can the system go on before it collapses?
I thought we were done at the end of 2008.
Right now I know we're living on borrowed time.
Could be 6 months, might be 10 years.
I would love to read a post about what you're doing to prepare...
In fact, today I think we've inspired each other!
I'll write a prepper-light post in the coming weeks. I'm prepared, but I don't have a compound, a gas mask or an AR-15 😉