The Bankruptcy Of The Planet Accelerates 24 Nations Are Currently Facing A Debt CrisisThere has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment. Right now, the debt-to-GDP ratio for the entire planet is up to an all-time record high of 286 percent, and globally there is approximately 200 TRILLION dollars of debt on the books. That breaks down to about $28,000 of debt for every man, woman and child on the entire planet. And since close to half of the population of the world lives on less than 10 dollars a day, there is no way that all of this debt can ever be repaid. The only solution under our current system is to kick the can down the road for as long as we can until this colossal debt pyramid finally collapses in upon itself. As we are seeing in Greece, you can eventually accumulate so much debt that there is literally no way out. The other European nations are attempting to find a way to give Greece a third bailout, but that is like paying one credit card with another credit card because virtually everyone in Europe is absolutely drowning in debt. Even if some permanent solution could be crafted for Greece, that would only solve a very small fraction of the overall problem that we are facing. The nations of the world have never been in this much debt before, and it gets worse with each passing day. According to a new report from the Jubilee Debt Campaign, there are currently 24 countries in the world that are facinga full-blown debt crisis And there are another 14 nations that are right on the verge of one So what should be done about this? Should we have the wealthy countries bail all of them out? Well, the truth is that the wealthy countries are some of the biggest debt offenders of all. Just consider the United States. Our national debt has more than doubled since 2007, and at this point it has gotten so large that it is mathematically impossible to pay it off. Europe is in similar shape. Members of the eurozone are trying to cobble together a bailout package for Greece, but the truth is that most of themwill soon need bailouts too In addition to Spain, Italy and France, let us not forget Belgium (106 percent debt to GDP), Ireland (109 debt to GDP) and Portugal (130 debt to GDP). Once all of these dominoes start falling, the consequences for our massively overleveraged global financial system will beabsolutely catastrophic Things in Asia look quite ominous as well. According toBloomberg, debt levels in China have risen to levels never recorded before And remember, that doesnt even include government debt. When you throw all forms of debt into the mix, the overall debt-to-GDP number for China is rapidly approaching 300 percent. In Japan, things are even worse. The government debt-to-GDP ratio in Japan is now up to an astounding 230 percent. That number has gotten so high that it is hard to believe that it could possibly be true. At some point an implosion is coming in Japan which is going to shock the world. Of course the same thing could be said about the entire planet. Yes, national governments and central banks have been attempting to kick the can down the road for as long as possible, but everyone knows that this is not going to end well. And when things do really start falling apart, it will be unlike anything that we have ever seen before. Just consider what Egon von Greyerz recently told King World News China is a massive bubble, in terms of its stock markets, property markets and shadow banking system. Japan is also a basket case and the U.S. is the most indebted country in the world and has lived above its means for over 50 years. So we will see twin $200 trillion debt and $1.5 quadrillion derivatives implosions. That will lead to the most historic wealth destruction ever in global stock, with bond and property markets declining at least 75 95 percent. World trade will also contract dramatically and we will see massive hardship across the globe. So what do you think is coming, and how bad will things ultimately get once this global debt crisis finally spins totally out of control? Please feel free to add to the discussion by posting a comment below Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here. Crash the old. Thing is. The order out of their chaos will bring humanity together like never before. Well, thats what I hope for on good days. The destruction of the old (dis)order will be a chance for the people to built something better. Learning requires thinking, and thinking is equivalent to pain. Nothing will really change ! .In the math-anxious brain, the mere thought of solving for X prompts the same neurological response as anticipation of physical pain, according to a new study. Math really does hurt or at least anticipation of math does. Actually doing the work does not hurt nearly as badly. .Shocking but true: students prefer jolt of pain to being made to sit and think.. Fear. (dis) order, like that. Yes, fear is what all governments are built upon. A good article on fear would be : Fear : The Foundation of Every Governments Power Good lucid article Michael. The house of cards must collapse soon surely? One thing that always puzzles me about net world debt is this: How can there be net debt when there must always be an equal creditor and debtor for every borrowed amount? The debt must be owed to somebody surely? So who are the creditors for all this world debt? Good observation there, Pete, and an equally good question too! There are really NO DEBTS AT ALL because they are just some bookkeeping entries that were created out of nothing more than thin air! So if there are no real debts, then that must also mean on the reverse side that there are no creditors either, right? Read The Credit River Decision for ample proof of this. Randy Thanks Randy. I am sure that you are right about the fiat paper currency system. It is a massive scam. And unnecessary too. It tells you all you need to know about politicians when you realise that they choose to give money creation powers away to private banks. So that all money created is interest bearing and is therefore an iniquitous tax on everybody. When they could create money interest free if they used their own national bank. Politicians are fully owned lock, stock and But still, even under the funny munnee fiat system there must always be a creditor for every debtor surely? So who is excluded from the system? Who has hidden their creditor status from the rest of us? I can have a good guess, but can anybody tell me for sure? No Pete, please think about this for a minute or two now. If I just scribble some numbers down on a piece of paper or type them into a computer, how does that mean that an actual debt exists?? If there is no real debt, then there is no real creditor, right? There are no creditors at all, except for the ones who have made an advance to someone with a tangible product of some kind. Electronic promises to pay, are not tangible at all. How can you hand me some electrons from your computer? Why should I accept as a valid means of payment, a piece of paper with a picture of a dead man on it? And furthermore, no one is obligated in any way to pay off a fictitious debt of any kind. Read The Credit River Decision for 100% proof of this fact. Randy Thanks again Randy I read the Credit River Decision and this confirmed what I already knew about banking practice. There are not 2 signatures for a loan, only one, the borrowers. So there is no lawful contract that the bank can enforce. It is exactly the same here in the uk. The out of thin air point is actually a bit more subtle than that. The money is created by the borrower when he signs a Promissory Note which is all that any bank can show for a mortgage. The borrower, in effect, creates the money by the creation of the note. All the bank does is administer the transaction and for this it charges interest for the whole term of the loan. The interest can easily be twice the amount borrowed! Fraud is right. It is one of the biggest scams imaginable and most people dont have a clue about this and pay up without question. So on the basis that the money is created by an initial fraud there can be no creditor. If the same basic system is used for government debt, and I think it is, but Im not certain, then there is no creditor there either. Youre a VERY apt pupil indeed, Pete! The exact same system is used all over the world, thats why I refer to it as the world wide fiat paper currency system scam! And after enough people are wise to the trick that is being played on them, they will refuse to go to see that show anymore. Randy We can easly build a parallel economic system that is based on gifting sharing: I can donate 100.000 bolts to you. I need the equivalent in software for my logistics. Im sure you can donate it to me immediately ! Firt, Lunix, Ubuntu have to charged for FREE (instead windows) do you have it? Im not asking for an operating SYSTEM ! Im asking you for a PROGRAM ! DO . YOU . UNDERSTAND ? So, you want a program and you dont care about the system? The free sytem I have ALREADY. Ask the same question by those who create FREE UBUNTU / LINUX PROGRAMS ! Do I need to look for programmers who need 100.000 bolts ? Let me keep all what I produce and export it for money. I liiiiike your idea ! I already gave you the most precious gift of all : I showed you that you can germinate trees out of seeds that you already have in your todays meals (tomato/apple(avocado, cherries..) and that you can start planting FREE food for your neighbours, friends, family this is the first step toward real sovereignty for each individual that doesnt need to work for to pay any food; this is zhe first step toward ABUNDANCE to all 8not only for the tiny elite on the top of the hierarcichal pyramide) -I gave you lessons on Gift Economy -I tought you to use LINUX, UBUNTU Google: guerrila gardening, vertical gardening learn on Youtube how to germinate seeds We can turn our planet into a GREE GARDEN that is paradise I wish you sovereignty My business is not gardening. So your gift were words only ? What is about the software I need ?! Im still waiting for your gift ! the sooner the debt usury taxation system fails the better unFederal b.s bank you are charged w/ ODIOUS debt from good faith folks sending back their extortion fees. Neighbors might have to find some ground to actually grow stuffcows, sheep and chickens oh my. Heres the really funny part in all of this, the real kick-you-in-the-head fact that virtually everybody but me misses!! It is that there is NO real debt anywhere at all because its all just a big fat lie! Its all a colossal FRAUD from the word GO! How can anyone create a valid medium of exchange out of thin air? It cannot be done! ANY medium of exchange (be it gold, silver, diamonds, wampum, etc), MUST have a substantial amount of human labor as its base or it will soon be debased and cease to exist as a medium of exchange! And something that is tangible must be put in place to show that there really is more to it than only an idea backed by confidence! All that money is, is an idea backed by confidence, but you must have a physical object of some kind to make it real to people. Get it yet? Randy Thats because you dont understand what Money is, Randy. Lern about it. Fraud is the fractional reserve system, not fiat money. I already replied to your B.S. nonsense, but it disappeared shortly thereafter, so I guess that someone didnt like to read the truth, just like you. If you didnt see it before it vanished, thats too bad. Randy The BS is maybe in your head, Randy. See? This is how stupid and unable to duplicate anything you are!! Where did I ever say that I put a link in any post? Never! I said that I had responded to your idiotic garbage, and it was there for a short time, but then it disappeared! If someone hadnt taken it down, it would still be right here in the thread! Like I said before, youre a dolt. Its no wonder at all to me as to why you cannot discern the difference between a scam fiat paper currency, an electronic brain fart, and money! Randy Then, Randy, what you wrote must have been really idiotic garbage so the mod erased it. Well Crock O Sh!t, what makes you think that it was a moderator who pulled my posting down? Just more evidence of how narrow your mind is. Randy If it was not the mod, then it was the NSA ! Most likely the most intelligent thing that youve ever said or written there, Crock O Sh!t!! Why dont you go and troll somewhere else now and leave the smart people alone to chat amongst themselves? Randy No man, if you really want to understand what money is, you go on YouTube and would watch Bill Still documentary The Money Masters FIat Money not backed up by gold is also fraud. I have seen Money Masters but fiat money is exactly what they are promoting and i agree with them absolutely. Randy is correct. The economic system does not have to implode.. The REALITY of LIFE = available resources, labor, and knowledge. If the masses pulled their heads out, then overnight the situation could be remedied. TPTB wield debt over our heads as though it is a weapon, but it is only virtual one which persists because humanity is completely brainwashed into accepting countless artificial constructs. CMR, I never said that the economic doesnt have to implode. It does have to, and it WILL implode, because thats exactly what it was designed to do! But the banksters enrich themselves the whole time that the fiat paper currency du jur is failing. Through price manipulations, the cost of PM are driven down into the basement just before the collapse happens and then they walk away with most of the pot while everyone else is left holding IOUs or nothing at all. Many thousands of Chinese just lost their entire life savings and their homes from their stock market taking a huge dump on their collectivist heads!! The get-rich-quick dreams and ignorant fools greed factor are the drivers of these financial debacles, once they are created and set in motion by the banksters, of course. Its when the people wake up and realize that they are being ripped off that the wheels really begin to come off the cart and it winds up in a ditch. Randy Yes, I understand what you were saying, Randy, and I wasnt trying to imply you didnt think the system is designed to fail because I completely agree that it is. What I meant is the debt is fake, meaningless, an elaborate Matrix smoke and mirrors routine. I was also referring to the Catherine Austin Fitts slow burn paradigm, shes been the only alt media expert accurately predicting the elites m.o. for the the heart of the empire for the last 11 + years that Ive been following her. As she words it, the US economy will only undergo a fast crash collapse if that is what is desired by TPTB but has maintained her well studied view that would not be the logical course. Will it be endless slow squeezing to force us into global governance, perhaps punctuated with some dramatic volatility to distract and shake things up or will it be the co-intelpro alt medias predictions of fast crash along with massive death and starvation? We are screwed no matter what, but it doesnt make sense to me that the control freak powers-that-be would risk big unintended consequences, wake more people up, and damage their Technocratic infrastructure with a fast crash scenario. There are reasons cointelpro has been running hard with the fast crash scenario for many years, one is to slow friction to NWO policy changes by those waking up as they come to believe the situation is hopeless (learned helplessness), the other is to create a psychology of This is getting uncomfortable, but it isnt as bad as I thought it would be, I can live with this and at least we arent going to be like exhibit A (the Greeks) as long as we cooperate with our leaders. Just my two cents, besides most people dont wake up unless the change is shocking, boiling frogs works every time to keep the majority bamboozled. BTW, you make great points. Yes, the debts are all 100% fake, created out of thin air or even less these days with the crypto-currencies. Randy Perhaps you are being overly critical of Fitts. She fought the good fight many years ago attempting to curb corruption during her time in government and later creating a paradigm of complete transparency, for which she was targeted losing her life savings and being subjected to harassment and attempted poisonings. As a subscriber to Mike Rupperts From The Wilderness, I read her articles on FTW and later on her blog. Shes done much to wake people up as best she could (more than any former high ranking government official alive today I can think of, man or woman), not easy given how obtuse and apathetic the public is. I was also frustrated that she went with a subscriber platform but I suppose if she hadnt done that she would have been targeted for assassination. Do you follow Corbett? Maybe you saw a recent podcast of his on Disinfo where he quoted the editor of Veterans Today saying about 40% of VTs website is disinfo and if he didnt do that he would be dead. Not making excuses, but there is a reality of surviving to continue to get a message out. Whats really killing us is the dumbing down which makes the brainwashing fairly easy for TPTB. Yes, I am being rather critical with her, and you are right about how much she has done, especially in comparison to many others. But the reason why she was made to suffer is that she was being a rebellious slave on the plantation, and thats what happens to disobedient slaves! There is no such thing as a part time slave, which is what she was trying to be. You cannot fix a broken system while still working within it. Anyone who thinks that they can do so is practicing one of the highest forms of self-delusion that there is! If she had taken things out to the ne plus ultra, she would have extrapolated that EVERYTHING around us is involved in some kind of a fraud, and fraud vitiates ALL that it comes into contact with. Those electronic bookkeeping entries that represented her lifes savings werent really hers at all! They are markers which really belong to the ones who CREATED them for her in their Matrix system. The creator of the thing is the owner/master of that thing and therefore can do with it as is pleased. That is the Basic Premise that the USSC was operating off of when they said that once you put anything into a bank it stops being yours. Actually, it never was yours in the first place, but they didnt want to go that far and admit it in public. Randy Completely agree the Matrix cannot be fixed, it must be dismantled. At most, the relative handful representing awakened humanity, including past generations, seem to have done is provide friction in the hopes of buying time for a critical mass to wake up before the final nails on the global dictatorship coffin are in but we are not getting enough traction as the iron curtain descends and the sheep remain in their trances. I assume you are aware of the scientific dictatorship, Brzezinskis Technotronic Era, and Technocracy all terms describing the high tech global police state in the works for many decades. Thats what we are up against and its grotesque beyond imagination to any human being who values freedom. Corbett is the information dynamo exposing the NWO on the Corbett Report, his reports are often on selfnews Post. I strongly recommend Patrick Woods interviews and articles on Technocracy, he was Antony Suttons protege, the academic who proved the banksters funded and aided the rise of our geopolitical enemies (Hitler, Soviets, Chinese communists, etc.). Lastly, please consider taking a look at a recent post on the Oath Keepers website about GeoSpatial Intelligence, the already internationally launched work around to RFID chipping every human being. Heres the link, note I modified the web address to avoid my comment being delayed for moderation: oathkeepers (dot) org/oktester/dj-of-level-9-news-geoint-casting-a-neural-net-on-humanity/ The sheep never seem to care about their enslavement as long as they can have their comforts and distractions. Im at a loss. I dont want to governed by anyone, much less psychopaths. As a full time synthesizer for the last ~12 years, Ive been trying to get more awake people to connect the dots. Thanks for the exchange, you completely get it and thats a rare gift. Heres what most people miss in the big picture. It is that when communication is stifled, productivity goes down at the same time. We must be free to speak our own mind, not just parrot some drivel that came out of the ass of some politician or bureaucrat. And without creativity being allowed when and where it occurs, then the society stagnates at first, then just falls apart. When no one is working, how will anything get done? The elites hiding down in their bunkers will be in a prison all of their own making, but they dont seem to realize that. Yet anyways. Randy It doesnt really matter to me if the wheels come off the cartwell sort of! Those that are wealthy are busy trying to save and buy as much silver and gold as they possibly can. Those that are semi-wealthy are busy trying to stockpile Emergency Rations (thats going to get old really quick!). And us old poor folks, are just piddling along. Growing our gardens and putting food by just like we normally do. Theres one thing that all of the wealthy people keep forgetting. When it all comes right down to it you cant eat gold! And gold wont save your bacon. Everybody is worried about the economies imploding, debt explodingweve got a worse issue. Food! Do you realize how many nations are messing up their food supply by trying to grow fuel? And those countries that are in drought and on the verge of bankruptcy arent going to be able to buy food, especially when there isnt any excess to buy! They are going to go full blown riots. And it will probably be like dominoes. One right after the other. And none of them, will have the resources to feed their people because they were too busy trying to grow fuel. I dont even want to think of all of the hyper-inflation that will follow. Just my two cents worth. Well BWG, heres what you need to keep in mind above all else, the fact that NOTHING will be the same when the power companies cannot afford to buy the fuels they burn to make electricity, or cannot firstly afford to pay the highly trained men and women who operate the power grids. You wont have your phones anymore, land lines or cellular service. No more internet, tablets, smart phones, TV or radio as all forms of communication require electricity to operate, except for smoke signals and flags. You wont even have any newspapers anymore. Any crops that you may want to grow will be gobbled up by starving strangers before they are ripe. Without an adequate supply of potable water, you wont have to worry about having food to eat anyway. Water is the great equalizer, and it works very quickly. People who have put aside some PM will at least have a chance of buying some foods and water to survive on, but the ones who dont and have only some fiat paper currency will have virtually no chance at all. When the ATMs go dry, so too will the EBT machines and all credit/debit cards. Im not engaging in any fear porn here, just relating what the facts really are. This train is heading down the tracks and cannot do anything but follow them until it reaches the washed out bridge just up ahead. We have a date with destiny now, and she wont be kept waiting. From: Disqus | | | | | | | bwgirls comment is in reply to Randy: | | | | | | | @Randy, Your reply contained all kinds of gobbledy-gook in it. Sorry, Im not taking the malware bait or whatever it was. I live in FL without air conditioning. I dont use cell phones, tablets, etc. I rarely watch tv. I use a lot of batteries. IF you think the End of the the World is the fact that people dont have tablets or cell phones, you dont really have a clue! Before this is over, they wont be selling baby partsthey will be reduced to eating them! And .. where is Slovenia? Our country is always forgoten nobody writes about us. Even thoug that we had the 1st place in EU for many years in corruption ofcourse (this year is Croatia on the 1st place) .. Slovenia faces the most dangerous finacial period of all because nobody take care of it .. you care about Buthan, Uganda, Samoa but we are all alone forgoten out there. small-county-with-gigantic-dept-press Then Slovenians should beat the drums some more Like the Greeks. Do you have any drums to lend? We do not have enough money to buy them, because NATO want us to buy some weapos. They say that Russia want to invade Slovenia (i wonder if Putin knows where SLO is) it seems a very stupid idea to me. But what we can do? Beside that our army has 3 fitgher jets Pilatus and we are not afraid of Russia. How dangerous Pilatus is you can see here: http://www.slovenskavojska.si/oborozitev-in-oprema/letala-in-helikopterji/pilatus-pc-9m-hudournik/ It seams the leaders of Slovenia sold you and your fellow inmates to the Globalists, Jure. This is the only life we get. Time is our total capital. Why waste it allowing our potential, our personality, our values to be shaped, crafted, and limited according to the whims of the mass panderers ? https://www.youtube.com/watch?v=Auf1rehiA-4 Many Americans and members of global family care deeply about our brothers sisters in Slovenia. We wish you to thrive! Unfortunately, it is a war on all humans who would never participate in Cremation of Care, and other similar rituals, practiced by the banking/ military death cult. Our hearts and minds must stay united. Italy is not on the list of countries facing i see alot of people going to starve to death that would of not been born if we didn,t make up money that don,t excist in the frist place most will had a good life all the money that they say we owe tuff i didnt ask them to and i never got there help without working for it and for the rich if the y didnt work like the rest of us they dont deserve all that money my famly has never retired they just die thats what the rest needs to do at lest thats what the rich think 