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World News See other World News Articles Title: The World Has Accumulated A $315 Trillion Mountain Of Debt, And Global Events Will Soon Bring It Crashing Down According to a report that was just released by the Institute of International Finance, the total amount of debt in the world has reached a grand total of 315 trillion dollars… “This increase marks the second consecutive quarterly rise and was primarily driven by emerging markets, where debt surged to an unprecedented high of over $105 trillion—$55 trillion more than a decade ago,” the IIF said in its quarterly Global Debt Monitor report released in May. We are in the midst of the greatest global debt binge in the history of the world. Household debt is at a level we have never seen before, business debt is at a level we have never seen before, and government debt is at a level we have never seen before… Of the $315 trillion debt stock, household debt, which includes mortgages, credit cards and student debt, among others, amounted to $59.1 trillion. Business debt, which corporations use to finance their operations and growth, stood at $164.5 trillion, with the financial sector alone making up $70.4 trillion of that amount. Public debt made up the rest at $91.4 trillion. For the moment, conditions are at least somewhat relatively stable, and so everything seems fine. But it won’t take much to push us over the edge. For example, during a recent interview with Greg Hunter, Chris Martenson suggested that a Chinese invasion of Taiwan could trigger a sudden meltdown of the bond market… In a new market meltdown, Dr. Martenson sees chaos and gives a hypothetical example: “China attacks Taiwan, and there is a 10 sigma move in the bond market. Oh no, all these derivatives have blown up. These people are supposed to be winners, and these people are supposed to be all losers. No, no, they don’t have any money for that stuff. It’s too complicated. I don’t think anybody understands how this works anymore. I could not find anybody who could tell me the whole thing. I could find people who knew bits and pieces, but they knew their slice. . . . I am trying to stitch this thing all together. I get uncomfortable when I can’t answer the most basic questions, and that is how much risk is there in the system and where is it?” In short, Dr. Martenson is worried about the whole financial system going down. Dr. Martenson says, “Yes, I am worried about the whole system going down, and that leads to all sorts of speculation. . . . Imagine this, we wake up one day, and the markets are not open on Monday. Oh no, glitch. Problem. Then, it’s two days and not open, three days not open. People are getting worried. Friday, and the markets are still not open. Monday comes, and they say it’s a super big problem, and we don’t know how to resolve it. . . . They offer you 100% value today in a Central Bank Digital Currency (CBDC) account or you can wait it out and hope it gets resolved, and it might take a decade.” The moment that the Chinese invade Taiwan, the U.S. and China will be at war. See also Central banks now drive over 20% of global gold demand. This is one of the three major wars that I have been warning about for a long time. Unfortunately, the Chinese continue to become more aggressive toward Taiwan. In fact, late last week they conducted the biggest practice run that we have seen so far… China wrapped up a two-day, large-scale military exercise Friday after its forces deployed 111 aircraft and 46 naval vessels to areas around Taiwan. Taiwan’s National Defense Ministry said 82 Chinese military aircraft crossed the median line of the Taiwan Strait and some got very close to the 24-nautical-mile line that Taiwan uses to define its contiguous zone. The military drills, branded as a “punishment” for Taiwan’s new president, Lai Ching-te, who China views as separatist, focused on conducting joint sea-air combat-readiness patrol, joint seizure of comprehensive battlefield control and joint precision strikes on key targets involving China’s army, navy, air force and rocket force. Meanwhile, both sides just continue to escalate matters in Ukraine. It is being reported that French forces will soon be heading to Ukraine to help “train” Ukrainian troops, and that is a very ominous development… Ukraine’s military says it is ‘welcoming’ French trainers in Ukraine, in new remarks which strongly suggest that for the first time France is deploying its troops to Ukraine soil. This marks the beginning of major ‘boots on the ground’ escalation in a formal, public capacity by a NATO state. “Ukraine’s top commander said on Monday he had signed paperwork allowing French military instructors to visit Ukrainian training centers soon,” Reuters reported Monday, referencing head of the armed forces Col. Gen. Oleksandr Syrskyi. “I am pleased to welcome France’s initiative to send instructors to Ukraine to train Ukrainian servicemen,” Syrskyi said following video link talks with French defense minister Sebastien Lecornu. We are getting closer and closer to the day when western forces will be in direct conflict with Russian forces, and this is something that I have been warning about for many years. The third major war that will greatly shake the entire planet is the war that has erupted in the Middle East. Poster Comment: I think the Third World is binging on credit because they know that BRICS will soon cancel all debt denominated in euros, dollars, pounds and yen. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 1.
#1. To: Horse, 4um (#0)
(Edited)
Who owns the paper on that? Martians? (Edit) If you laid $100 bills end-to-end, $315 trillion would take light just short of an hour to travel from one end to the other (somewhere between Jupiter and Saturn from the sun. 44 and 80 minutes, respectively.).
#2. To: Esso (#1)
All I know is that China and Brazil are selling their short-term U.S. Notes into the Secondary markets. So far, the FED has been able to buy them up. If they ever miss a buy all of those chickens will come home to roost, and it will make the Weimar inflation in the 20s look like a Sunday School picnic. ;)
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