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"Attack of the debt tsunami": Coronavirus pushes global debt to record high
CNBC ^ | 19 November 2020 | Silvia Amaro

Posted on 11/19/2020 2:17:41 AM PST by zeestephen

The IIF said global debt would break new records in the coming months to reach $277 trillion by the end of the year. Among advanced nations, debt surged above 432% of GDP in the third quarter — a 50 percentage points increase from 2019. In emerging markets, debt levels rose to over 248% of GDP, with Lebanon, China, Malaysia and Turkey experiencing the biggest rises in non-financial-sector debt.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events
KEYWORDS: deficitspending; inflation; interestrates

1 posted on 11/19/2020 2:17:41 AM PST by zeestephen
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To: zeestephen

not a problem, we can just cancel everyone’s debt and start over.


2 posted on 11/19/2020 2:19:59 AM PST by qwerty1234
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To: zeestephen

Just print more money and give it out. Gees, do I have to think of everything?


3 posted on 11/19/2020 2:21:43 AM PST by Veggie Todd (Religion. It's like a History class. Without the facts. )
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To: qwerty1234

This is just one of many things that big tech/msm/dems/soros/gates and others will use to show how capitalism has failed and a new world order is needed.

They might just get brazen enough to close down the world due to some relatively weak virus.

Or even get to the point where they think that they can openly steal an election in an incredibly obvious way and get away with it.

But the people wouldn’t stand for it.


4 posted on 11/19/2020 2:23:10 AM PST by dp0622 (Tried a coup, a fake tax story, tramp slander, Russia nonsense, impeachment and a virus. They lost.)
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To: zeestephen; RushIsMyTeddyBear; metmom; CynicalBear; SkyPilot; tuffydoodle; tang-soo; ...

[”Attack of the debt tsunami”: Coronavirus pushes global debt to record high]

We just need to “print” more money. That’s what Alan Greenspan once said. I mean Mr. Andrea Mitchell.

Maybe a Global Reset will fix everything. Yeah, that’s the ticket.


Greenspan: US “Can Pay Any Debt It Has Because We Can Always Print Money” (video)

http://www.freerepublic.com/focus/f-news/2760087/posts


5 posted on 11/19/2020 2:23:17 AM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Veggie Todd

[Just print more money and give it out.]

Exactly. That should work. About time for a global currency?

[Gees, do I have to think of everything?]

Well, we gotta keep you busy, you know.

;) (wink)


6 posted on 11/19/2020 2:25:20 AM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: zeestephen

I was listening to a Peter Zehan presentation. He said the US covid stimulus package of three trillion dollars was larger than the rest of the world combined and the entire thing was purchased as debt by the rest of the world to stabilize their currencies. I am not certain how this works, but it isn’t as bad as just printing money... apparently.


7 posted on 11/19/2020 2:33:33 AM PST by Gen.Blather (Wait! I said that out loud? )
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To: SaveFerris

Re: Global Currency

Yesterday, Bitcoin briefly traded above its December 2017 all time high - more than $19,000.

In December 2018, it crashed to $3,000.

Currently trading at - $17,500.


8 posted on 11/19/2020 2:39:16 AM PST by zeestephen
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To: Veggie Todd

About a million a piece should do it......that was easy.


9 posted on 11/19/2020 2:52:57 AM PST by Envisioning (Carry safe, always carry, everyday, everywhere.)
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To: Gen.Blather

Good post.

I assumed the USA Federal Reserve “purchased” most of that $3 trillion stimulus.

That is how money gets printed - the Fed creates money out of thin air, then sends a $3 trillion electronic check to the US Treasury in exchange for US Treasury bonds.

When you consider how low interest rates are, I am surprised that ANYONE buys long term US Treasury debt.


10 posted on 11/19/2020 2:56:58 AM PST by zeestephen
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To: dp0622
This is just one of many things that big tech/msm/dems/soros/gates and others will use to show how capitalism has failed and a new world order is needed.

Exactly my friend. That's "the plan."

It's coming - and Biden/Harris (or Harris/Biden) will openly destroy our nation by selling us out in one fell swoop.

When they are done, we won't even have ownership rights on ANYTHING. Even our homes. I know that sounds crazy, but I've read their tweets, papers, and websites. They are dead serious about what they are saying.

Global Communism and Totalitarianism is much, much closer than people realize.

11 posted on 11/19/2020 3:09:09 AM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: Gen.Blather

I view this the way Europe’s many childless leaders view allowing Muslims into their countries; they won’t have to deal with the consequences anyway, and they have no offspring who will either.

I think this applies to many of the middle-aged or older people engineering these Ponzi schemes with paper debt.


12 posted on 11/19/2020 3:09:32 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: SaveFerris

You don’t even have to print the money. Just have the Federal Reserve buy up all the debt, then issue fiat money to cover any new credit that is extended, thus “creating” negotiable legal tender out of clear air.

Much of the “wealth” of this country exists only as a data entry in a bookkeeping scheme that would leave Ponzi gasping in both shame (for being such a piker) and admiration (for being so audacious).


13 posted on 11/19/2020 3:17:22 AM PST by alloysteel ("The Best Is Yet to Come "- theme of 2020 RNC)
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To: alloysteel
Re: would leave Ponzi gasping

The “Social Security Trust Fund” for example?

14 posted on 11/19/2020 3:23:53 AM PST by zeestephen
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To: zeestephen

the response to the coronavirus, that is.


15 posted on 11/19/2020 4:14:23 AM PST by MAGAthon
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To: zeestephen

WuFlu didn’t do that.

Deep States did.


16 posted on 11/19/2020 4:16:04 AM PST by mewzilla (Break out the mustard seeds. )
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To: zeestephen

global debt was already at a record high...


17 posted on 11/19/2020 4:34:06 AM PST by wny
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To: zeestephen

FWIW Martin Armstrong says World GDP falls 50% 2022.


18 posted on 11/19/2020 4:36:14 AM PST by griswold3 (Democratic Socialism is Slavery by Mob Rule)
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To: zeestephen

I said in April that if this lockdown lasts more than a couple of weeks it will not only hurt people, but it will cripple governments - first state and local.

A couple of months ago I said we were in the eye of the storm, and when we come out of it, we will be in the economic part. You think 2020 was bad? Just wait until 2021. Seriously.


19 posted on 11/19/2020 5:11:54 AM PST by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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