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Political Information Last Updated: Nov 10, 2019 - 12:26:34 AM


Global Debt Tops $188,000,000,000,000 – Officially The Biggest Debt Bubble The World Has Ever Seen
By Michael Snyder with comments by Ron
Nov 11, 2019 - 5:20:49 PM

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http://themostimportantnews.com/archives/global-debt-is-up-to-188000000000000-this-is-officially-the-biggest-debt-bubble-the-world-has-ever-seen

The world is now 188 trillion dollars in debt, and that number continues to grow rapidly each year.

It is a form of enslavement that is deeply insidious, because most of those living on the planet do not even understand how the system works, and even if they did most of them would have absolutely no hope of ever getting free from it. The borrower is the servant of the lender, and the global financial system is designed to funnel as much wealth to the top 0.1% as possible. Of course throughout human history there has always been slavery, and the primary motivation for having slaves is to extract an economic benefit from those that are enslaved. And even though most of us don't like to think of ourselves as "slaves" today, the truth is that the global elite are extracting more wealth from all of us than ever before. So much of our labor is going to make them wealthy, and yet most people don't even realize what is happening.

Let's start with a very simple example to help illustrate this.

When you go into credit card debt and you only make small payments each month, you can easily end up paying back more than double the amount of money that you originally borrowed.

So where does all that money go?

Well, of course it goes to the financial institution that you got your credit card from, and in turn that financial institution is owned by the global elite.

In essence, you willingly became a debt slave when you chose to go into credit card debt, and the hard work that it took to earn enough money to pay back that debt with interest ended up enriching others.

[Ron: Actually the situation is much more pernicious than this. See eg: An Investigative Report Re the US Strawman UCC/Redemption Process By Barton A. Buhtz See: http://abundanthope.net/pages/True_US_History_108/An_Investigative_Report_Re_the_US_Strawman_UCC_Red_3358.shtml].

On a much larger scale, the same thing is happening to entire nations.

Today, the United States government is nearly 23 trillion dollars in debt. In essence, we have been collectively enslaved, and we have been obligated to pay back all of that money with interest. Of course at this point it is literally impossible for us to ever pay back all that debt, and every year we add another trillion dollars or so to the balance. The global elite are now extracting more than 500 billion dollars in interest from this debt on an annual basis, and it is expected that number will greatly escalate in the years ahead.

It is not an accident that the Federal Reserve and the federal income tax were both instituted in 1913. The Federal Reserve system was designed to create an endless debt spiral that would get the federal government in as much debt as possible, and since that time the size of our national debt has gotten more than 7000 times larger. And the federal income tax was needed as the mechanism through which our wealth is transferred to the government to service all of this debt.

It is truly a deeply, deeply insidious system, and the American people should refuse to back any politician that does not favor shutting it down, but at this point this isn't even a major political issue in our nation.

And of course the United States is far from alone. Even though we can't get the whole world to agree on much of anything, somehow virtually the entire planet has been convinced that debt-based central banking is the way to go.

In fact, at this point 99.9 percent of the population of the world lives in a country that has a central bank.

According to Wikipediathere are only 9 very small nations that do not have a central bank at this point...

-Andorra

-Isle of Man

-Monaco

-Nauru

-Kiribati

-Tuvalu

-Palau

-Marshall Islands

-Federated States of Micronesia

If you combine the populations of all of those 9 nations together, it comes to much less than 0.1% of the total global population.

Do you think that this is just a coincidence?

The global elite do not want humanity to be free. They want us to be in as much debt as possible so that we can make them richer.

When you realize how badly the game has been rigged, then a lot of things start to make a whole lot more sense.

For example, for those that understand how the system works it is certainly not surprising that the total amount of debt in the world has hit a new all-time record high of 188 trillion dollars...

The global debt load has surged to a new all-time record equivalent to more than double the world's economic output, IMF chief Kristalina Georgieva warned Thursday.

While private sector borrowing accounts for the vast majority of the total, the rise puts governments and individuals at risk if the economy slows, she said.

"Global debt - both public and private - has reached an all-time high of $188 trillion. This amounts to about 230 percent of world output," Georgieva said in a speech to open a two-day conference on debt.

That number has risen by 24 trillion dollars since 2016, and it is the biggest debt bubble that the world has ever seen by a very wide margin.

Of course at some point this debt bubble is going to burst in a global disaster of epic proportions, but meanwhile the global elite are going to continue to milk all of us for as long as they possibly can.

Here in the United States, we have been on the greatest debt binge in the history of our nation since the last financial crisis. U.S. government debt has more than doubled, state and local government debt has ballooned to ridiculous proportions in much of the nation, corporate debt has doubled, student loan debt has more than doubled, auto loan debt just keeps hitting new record highs, and U.S. consumers are now 14 trillion dollars in debt.

Our mountain of debt has become so colossal that the only way to keep the game going is to borrow even more money, but by borrowing more money we make our enslavement even worse.

Meanwhile, those that are holding our debt just continue to live the high life as they laugh all the way to the bank.[

[Ron: This ridiculous situation is self inflicted. It is inherent in our current global  intellectual and psychological environment, ie the current level of global unawareness and somnolent consciousness created by the money meme and the attitudes and activities it spawns. In particular the money meme has caused human communities and even families to lose their ethos of mutual caring, sharing and support and to replace it with an increasing sense of alienation, isolation and competition, even between family members. The resultant culture of competition rather than cooperation, sharing and caring, has caused global society to be governed by ignorance, alienation and greed. 

Typical of this dehumanising tendency has been the social acceptance of usury which grossly exacerbates the situation. The money meme with its facilitation of usury and debt accumulation has existed for millennia but debt accumulation was generally dealt with in the ancient world by debt jubilies decreed by rulers. However today the debts are owed to faceless owners and controllers of global banking corporations that have NO loyalty to any nation or society and so they do not care if their fraudulent banking activities destroy nations and societies.

Accordingly, solving these problems requires that a critical mass of humans must move to a higher level of consciousness than the level of thinking that has created the money meme based usurious global banking system.

While making the leap to understanding that human communities do not need to use the concept of money to survive and thrive may be a step too far as regards a possible immediate increase in awareness, a thorough understanding of the consequences of usury and global  banking fraud is essential if human society on this planet is going to shuck off usury and progress to a higher level of consciousness.

The current US and globalist banking system is essentially run by a criminal cartel to which governments have abdicated their responsibility to properly create and equitably distribute money throughout the economy in such a way that it is not possible for anyone to criminally accumulate, hoard and misuse money to impoverish and enslave anyone else. The intrinsic fraud and criminality in the current US Federal Reserve System (the Fed) and global Central Banking money creation and usurious money distribution systems, has enabled banksters and their corporate and other minions to hold the US and global population to ransom to the extent that the resultant dystopia enveloping the planet and its inhabitants threatens to cause the extinction of both. THAT HAS TO STOP.

The correct response to this article is WHY has it happened?! The so-called US national debt and ALL national debts globally, as well as private debts created under the Rothschilds' controlled usurious Federal Reserve in the US and the global Central Banking system have been created under a gigantic fraud perpetrated upon the US and all nations by a cabal of private corporate banksters using bribed and blackmailed gentile politicians. This has been assisted by traitorous US politicians enacting criminally fraudulent  legislation and pretending that the US government and population must pay private corporate banksters for fiat debt tokens falsely called money which are created out of thin air by keystrokes on computers and then ostensibly LENT to the US government and USans. The process is absurd as well as criminal. This sham involves US federal government's allowing the Fed, a private, foreign owned banking corporation, to create FAUX "money" which US governments pretend is real money for which interest must be paid to The Fed, ie to private foreign banksters.

Not only is this process a sham but the fraud on the nation is compounded by the US Federal government requiring the entire population of the US to accept and exclusively borrow and use the said fiat debt tokens created by commercial banks authorised by the Fed to issue them. Moreover, these fiat debt tokens are only "created"AFTER borrowers have pledged their credit to enable commercial banks to type agreed borrowed amount(s) into borrowers' accounts. The clincher for this criminal enterprise is that the US Federal government uses its exclusive right to exercise force and violence to make all USans accept and use the FAUX "money" (currency) created by The Fed and the commercial banks it authorises to distribute it.

This PONZI scheme is on its last legs and will soon collapse. The Trump Administration is seeking to keep the system going until The Fed's interest rates are reduced to zero whereat it will be allowed to collapse and to be replaced by genuine national gold backed usury free money. Fortunately Presidents Trump, Putin, Xi and many others are working to drain the oligarch controlled banking and governmental bureaucratic swamp that is causing the problem by enforcing continuation of this global criminal banking enterprise.

Once the global banking cabal that controls this process is removed so-called national debts and other usurous debts owed to banks will be abolished. At the same time  global monetary systems will be RESET. This process will include debt Jubilees and the removal of the widespread government enforced practice of usury.  ALSO, government imposed income taxation on all individual earnings resulting from the personal labour and ingenuity of individual human beings will be abolished as being contrary to divine (cosmic) law. in this process the Fed and the Rothschilds' global Central Banking system and the Bank of International Settlements will be abolished. Each nation will become responsible for its own money creation, distribution and control and new arrangements will be instituted to facilitate international banking and financial settlements and trade.

These changes will be part of the Millennial Realm and be implemented after the coming magnetic Pole Reversal and the accompanying stasis period. So be it.].

[Some colour fonts, bolding and comments in square brackets added.].

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