Online:
Visits:
Stories:
Profile image
By Voice of Reason
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

The Perfect Storm & Global Debt To GDP Ratio: 286 Percent

Tuesday, May 19, 2015 19:07
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Dollars

By: Voice of Reason

FOR MORE NEWS BY VOICE OF REASON CLICK HERE!

www.thelastgreatstand.com

 

Before I began posting today, I said the next 8 or so article posts that will be coming out will be in a very specific order, and I intend to stay true to that. When all is said and done it could be closer to 14-15 posts if new information becomes available. When I am done, when viewed together, you’ll be able to plainly see how HORRIBLY our leaders are lying to us. Since time is of the essence until the new “NET NEUTRALITY” rules go into effect, I hope some of you took the time to read: ALERT: INTERNET SERVICE PROVIDERS MAKE TERRIFYING ANNOUNCEMENT ABOUT OBAMA’S INTERNET ‘TAKEOVER.” I have some very bad news for some of you… Obama doesn’t give s flying flip about streaming Netflix costs, OR all the rest of the CRAP you were fed. 

WAY TOO MUCH INFORMATION IS LEAKING OUT, AND OBAMA NEEDS TO PUT A CLAMP ON THE BIGGEST SOURCE OF TRUTH OUT THERE: CITIZEN JOURNALISTS!

Next came the post with the shocking realization for Congressman Gohmert that THE FEDS MAY JUST UNLEASH JADE HELM AFTER ALL! Gohmert isn’t just ANY Congressman either. Some of you recall Obama was accused by a U.S. FEDERAL JUDGE OF USING THE D.H.S. AS HIS OWN PERSONAL ARMY. Congressman Gohmert is one of the few taked with keeping that balance of power in check, and he is being stonewalled at every turn. In my opinion, Congressman Gohmert also happens to be the ONLY person who comes CLOSE to actually rivaling the integrity shown by the likes of Trey Gowdy. Yes, he’s conservative, and liberals will give him crap for that, but how can a sitting VICE-CHAIRMAN OF THE COMMITTEE THAT OVERSEES THE D.H.S. not get answers from them on anything. That is NOT a good sign. If the VICE-CHAIRMAN of the subcommittee overseeing D.H.S. thinks we may very well see Martial Law, you can stop making jokes about my tin foil hat now. 

I’M ONLY RESPONSIBLE FOR WHAT I SAY… NOT WHAT YOU UNDERSTAND!

IF YOU CHOOSE TO GET ALL YOUR NEWS FROM SHARING FACEBOOK PICTURES AND READING HEADLINES, THAT HARDLY MAKES ME A “CONSPIRACY THEORIST” BECAUSE I HAPPEN TO KNOW SOME THINGS!

I hope the article titled: THE NDAA EXPANDS ITS EMPIRE BUT FORBIDS DEBATE ON WAR really hit home with you. So far we have one of the most “in the know” Congressman in Washington saying MARTIAL LAW IS VERY POSSIBLE, and you have the FORMER HEAD OF THE F.B.I. SAYING TO CONGRESS UNDER OATH THAT CITIZENS SHOULD BE VERY SKEPTICAL OF GOVERNMENT. Then we’re told we better not talk about war??? Is that right? Uh… if this all doesn’t end in MASSIVE bloodshed and death, how exactly does it end then? I’m all ears. 

AM I THE ONLY ONE WHO REMEMBERS WHEN LAW & ORDER WAS LOST IN BALTIMORE?

THINK OF BALTIMORE BURNING; THEN THE QUOTE BELOW:

“WE JUST GOT A PREVIEW OF WHAT CAN HAPPEN ON SATURDAY NIGHT.”

“IF THIS IS HOW PEOPLE WILL ACT WHEN ECONOMIC CONDITIONS ARE STILL RELATIVELY STABLE IN THIS COUNTRY, WHAT IN THE WORLD IS GOING TO HAPPEN WHEN THINGS REALLY START FALLING APART.”

I SUGGEST YOU THINK ON THAT!

NOW PAY ATTENTION…

[Audio/Video below cannot be seen in Newsletter – have to go to Blog]

WHAT DO YOU THINK HAPPENS TO AMERICANS WHEN EVERY CITY ERUPTS?

HAVE YOU ASKED YOURSELF “WHY” CITIES WOULD ERUPT?

TRY THE WORDS: “NOT GUILTY!”

Boiled down to the most basic ingredients for RIOTING & HYSTERIA coming soon to a city near you is the following recipe. See if this sounds familiar:

1. JUMP OUT ON TV WITH A RACIAL NARRATIVE BEFORE FACTS ARE KNOWN

2. INCITE THE PEOPLE IN THOSE COMMUNITIES WITH RHETORIC, NOT FACT

3. MAKE THEM PROMISES FOR JUSTICE THAT EVIDENCE DOES NOT SUPPORT

4. ACT SHOCKED WHEN THE CROWDS RIOT BECAUSE THEY DID NOT GET WHAT THEY WERE PROMISED BY LIBERAL POLITICIANS.

 

THEN, THERE IS THE ECONOMY ABOUT TO IMPLODE… 

BUT WE’RE NOT SUPPOSED TO TALK ABOUT IT?

OR THE TRUTH?

economy

Economic Collapse Blog writes: Did you know that there is more than $28,000 of debt for every man, woman and child on the entire planet?  And since close to 3 billion of those people survive on less than 2 dollars a day, your share of that debt is going to be much larger than that.  If we took EVERYTHING that the global economy produced this year and EVERYTHING that the global economy produced next year and used it to pay all of this debt, it still would not be enough.  According to a recent report put out by the McKinsey Global Institute entitled “Debt and (not much) deleveraging“, the total amount of debt on our planet has grown from 142 trillion dollars at the end of 2007 to 199 trillion dollars today. THIS IS THE LARGEST MOUNTAIN OF DEBT IN THE HISTORY OF THE WORLD, and those numbers mean that we are in SUBSTANTIALLY WORSE CONDITION THAN WE WERE JUST PRIOR TO THE LAST FINANCIAL CRISIS OF 2008.

When it comes to debt, a lot of fingers get pointed at the United States, and rightly so.  Just prior to the last recession, the U.S. national debt was sitting at about 9 trillion dollarsToday, it has crossed the 18 trillion dollar markBut of course the U.S. is not the only one that is guilty.  In fact, the McKinsey Global Institute says that debt levels have grown in all major economies since 2007.  The following is an excerpt from the report

Seven years after the bursting of a global credit bubble resulted in the worst financial crisis since the Great Depression, debt continues to grow. In fact, rather than reducing indebtedness, or deleveraging, all major economies today have higher levels of borrowing relative to GDP than they did in 2007. Global debt in these years has grown by $57 trillion, raising the ratio of debt to GDP by 17 percentage points (Exhibit 1). That poses new risks to financial stability and may undermine global economic growth.

What is surprising is that debt has actually grown the most in China.  If you can believe it, total Chinese debt has grown from 7 trillion dollars in 2007 to 28 trillion dollars today.  Needless to say, that is absolutely insane…

China’s debt has quadrupled since 2007. Fueled by real estate and shadow banking, China’s total debt has nearly quadrupled, rising to $28 trillion by mid-2014, from $7 trillion in 2007. At 282 percent of GDP, China’s debt as a share of GDP, while manageable, is larger than that of the United States or Germany. Three developments are potentially worrisome: half of all loans are linked, directly or indirectly, to China’s overheated real-estate market; unregulated shadow banking accounts for nearly half of new lending; and the debt of many local governments is probably unsustainable. However, MGI calculates that China’s government has the capacity to bail out the financial sector should a property-related debt crisis develop. The challenge will be to contain future debt increases and reduce the risks of such a crisis, without putting the brakes on economic growth.

What all of this means is that our long-term global economic problems have gotten much, much worse.  This short-lived period of relative stability that we have been enjoying has been fueled by unprecedented amounts of debt and voracious money printing.  Anyone with half a brain should be able to see that this is a giant financial bubble, and in the end it is going to unwind very, very painfully.  The following comes from a Canadian news source

At the beginning of 2008, government accounted for a smaller portion of the debt pie than corporate, household or financial debt. It now exceeds each of those other categories.

The current situation is much worse than in 2000 or 2007, and with interest rates near or at zero, the central banks have already used up their ammunition. Plus, the total indebtedness, especially the indebtedness of governments, is much higher than ever before,” said Claus Vogt, a Berlin-based analyst and co-author of a 2011 book titled The Global Debt Trap.

“Every speculative bubble rests on some kind of a fairy tale, a story the bubble participants believe in and use as rationalization to buy extremely overvalued stocks or bonds or real estate,” Mr. Vogt argued. “And now it is the faith in the central-planning capabilities of global central bankers. When the loss of confidence in the Fed, the ECB etc. begins, the stampede out of stocks and bonds will start. I think we are very close to this pivotal moment in financial history.”

But for the moment, the ridiculous stock market bubble continues.

 

READ THE REST OF THIS MADNESS AT RIGHT.IS HERE:

 

 

By: Voice of Reason

FOR MORE NEWS BY VOICE OF REASON CLICK HERE!

www.thelastgreatstand.com

 

THE VOICE OF REASON

End of Dollar

FOR LINKS TO UNDERSTAND THE ECONOMY & THE COMING ECONOMIC COLLAPSE:

MartialLawNowInEffectSigns2013O_zpscb21d53a

FOR MORE LINKS ON MARTIAL LAW:

Fema Camp 1

FOR MORE ON FEMA CAMPS:

 

BE SURE TO CHECK OUT THE GIFT SHOP!

 

Militia

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.