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 ...
not a problem, we can just cancel everyone’s debt and start over.
Just print more money and give it out. Gees, do I have to think of everything?
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.
[”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
[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)
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.
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.
About a million a piece should do it......that was easy.
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.
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.
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.
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).
The “Social Security Trust Fund” for example?
the response to the coronavirus, that is.
WuFlu didn’t do that.
Deep States did.
global debt was already at a record high...
FWIW Martin Armstrong says World GDP falls 50% 2022.
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.
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