News Link • Government Debt & Financing
A WORLD OF DEBT
• https://www.theburningplatform.com, AdministratorThe 2010 Reinhart and Rogoff study on debt-to-GDP found that when a country's public debt exceeds 90% of its GDP, its economic growth rates tend to slow down significantly, and an economic crisis is far more likely to occur. With $111 trillion of global debt and a debt to GDP ratio of 94.7%, and rising rapidly, a global economic crisis is on our doorstep.
As expected, captured government bureaucrats, corrupt lying politicians, bought off dying legacy media outlets, the Wall Street cabal, and their puppets at the Federal Reserve, all pretend this level of debt is fine and they have everything under control. Just like they had everything under control in the Fall of 2008. As we know, that Federal Reserve created debt debacle created the worst financial disaster since the Great Depression.
To give you some perspective on where the world stood shortly after that financial crisis, global debt was $41 trillion, 69% of global GDP in 2010. So, our overlords solution to a debt crisis has been to add $70 trillion MORE DEBT in the last 15 years, a 170% increase, while global GDP only grew by 98%. Interest on the national debt now stands at $1.24 trillion annually, up from $482 billion in 2021.
They know this isn't sustainable. I know this is unsustainable. You know this is unsustainable. They know that you and I know this is unsustainable. And they don't care. They will keep dancing until the music stops. They are going to extract every cent from the Treasury and your bank account before Thelma and Louising this empire of debt.
I found an interesting data point in that chart of death (oops – debt). It seems the evil empire of Russia, who the entire western world is waging war against, has only .53% of the global debt, representing just 23.1% of their GDP. So, when the curtain comes down on this debt shitshow, Russia would be relatively unscathed, still sitting on 80 billion barrels of oil. This is why NATO is trying to provoke WW3. Fourth Turnings are so much fun.
It is no coincidence the three countries being threatened with military action by the American empire and their EU parasite states, are Venezuela (#1) with 300 billion barrels of oil reserves, Iran (#3) with 200 billion barrels of oil reserves, and Russia (#8). Global war is their solution to "fixing" their debt problem. I'm sure it will work out this time.




