The Global Financial Debt Bomb is now Ready to Explode ! The Global Financial – DEBT BOMB! Global debt has reached $188 trillion, according to the International Monetary Fund. .The IMF has put out a statement tonight saying that debt is threatening global economic stability .in countries with advanced economies, public debt is at levels not seen since World War Two.

While emerging markets public debt is at levels not observed since the 1980s .in the United States, the public debt is at 23 trillion dollars .why is the debt so high everywhere .free money seems ironic .but the worst economies get, the more central banks reduce interest Rates.The more they lower interest rates the more we borrow; the more big companies borrow. Eventually that bubble almost by The definition has to burst. The Federal Reserve debt system is fulfilling its purpose – steal from the people. The banks create the debt, profit on its issuance, and the taxpayer owes back principle and interest to the banks who conjured the money out of thin air. Works for them.

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. The total land surface area of Earth is about 57,308,738 square miles, of which about 33% is desert, and about 24% is mountainous. Subtracting this uninhabitable 57% (32,665,981 square miles) from the total land area leaves 24,642,757 square miles or 15.77 billion acres of habitable land. That’s about $12,000 of debt owed for each habitable acre of land.

The planet earth does not have the collateral to borrow any more money, hence the effort to colonize Mars. Apparently, there are different levels of greed. We have now entered the provenance of ludicrous greed. If everyone were able to repay all debts (which is impossible because of interest charges), then the US Dollar would cease to exist, because it is only an IOU from the Fed that we pass around among ourselves as though it has value. even though what is owed to us by the Federal Reserve is not specified regardless of how many zeros are printed on those green pieces of worthless paper that we stupidly view as “Money.” Currency backed by debt. Should’ve known our money was going to become worthless when the penny stopped being made of copper.

The FED’s coin and paper money is a rip off to steal our valuables, and the banks succeeded, that’s why they own EVERYTHING now It’s going to end badly when they stop buying the government bonds, hello big crash and burn. The funny thing about it is the FED will have to buy them all. The Fed will buy them all and hold them the off-balance sheet. No more mark-to-market, so all fantasy economics. Buckle up folks because it might get a tad bumpy. The fact is we have much more debt now than ever before. If we have a robust financial disruption, default will rise in importance and move front and center. In the last decade, debt has soared across the globe. Of great concern should be the growth in non-recourse loans as well as unsecured personal loans.

These are particularly dangerous. Many investors have become seduced into thinking the backing of government adds tremendous validity to both the explicit and implied warranty that come with government-backed instruments. History, however, has shown public debt can also be mishandled with creditors not getting paid or being paid with a less valuable currency eroded by inflation. Yes, even government bondholders will suffer. Bubbles are Crowd Psychology states based on a stampede mentality, and it is difficult to determine what will cause a stampede or when. Stampedes will occur for no real apparent or credible cause.

The work (exertion of energy) that the money is supposed to represent doesn’t exist. Since the monetary value has been watered down so much. The money doesn’t exist – so the work that the money represents doesn’t actually exist when people wake up to this fact. The whole thing is going to collapse. The money (or the work that the money represents) doesn’t exist. When the bubble pops, the people will be the ones to suffer. So it’s the people that are owed the money. The people are always at the bottom of the food chain! It is an imagery construct set up to screw the people just like so many other things accepted as usual. Just remember, if something doesn’t have value in and of itself, it doesn’t have any value. The dollar’s value is solely based upon the value people assign to it.

The human being has value because human can exert energy to produce something. Bubbles generally end this way, with everyone just giving up on self-control and grabbing for one last piece of easy money. Currently, enough new money must be injected daily really to keep the economy from locking up; and Central Banks are in a position to do this indefinitely though if the frail humans who are in authority will comply or not is also unknown. The debt bubble will pop when the number size limit of a computers memory is reached. Floating Point numbers can literally be astronomical in size. Politicians are drooling over the idea of taxing manufacturing robots now.

They never sleep while generating revenues and don’t need welfare when they lose their jobs. Nothing good ever came from the marketing, buying, or selling of DEBT and nothing good ever will. When a bankster, government, or corporate entity sells or buys debt, it’s called “trading.” If you or I try to sell or buy debt privately, it’s called “racketeering.” The collateralization of debt is going to be the final coffin nail when this completely fucked system buries itself once and for all. The million-dollar question is. Where will the black swan come out to get the party started?

The History Of The Global Currency Reset

What is the history of the Global Currency Reset otherwise known as the GCR? The Global Currency Reset theory is one huge super conspiracy theory that contains many sub-theories. This is where it came from.

In the latter part of the 20th century, many conspiracy theories about the United States dollar and the Federal Reserve began to emerge. One theory says that the Federal Reserve Act was passed in secret. The claim is that the majority of Congress was at home on Christmas break when this law was being passed. This belief is that it was passed by a minority. It is implied that most of Congress was against this law and that is why it was passed in secret.

Another conspiracy theory says that the 16th Amendment was never ratified. Therefore the United States does not have the right to tax the American citizen. Another conspiracy states that the Rothschild dynasty forced England into the war of 1812 because America refused to renew the charter of the second central bank. Many other types of monetary conspiracy theories started to form during this time as history was being rewritten.

During the 1990s Harvey Francis Barnard came up with a set of proposed economic reforms. He called them the National Economic Security and Recovery Act or “NESARA.” Barnard tried to get Congress to take a look at his proposals, but they turned him down. In an effort to gain popularity he put the proposals on the Internet around 1999.

Shortly after that, a woman who was known as “The Dove of Oneness” found these proposals. She began posting about them in Internet forums. This woman put a New Age twist to these proposed laws. She claimed that NESARA was a bill that was stuck in Congress before finally being passed in a secret session. According to her, it was signed by President Bill Clinton in secret in March of 2000. They have been trying to implement this law ever since.

“The Dove of Oneness” was later identified as Shaini Candace Goodwin, a former student of The Ramtha School Of Enlightenment. This school teaches New Age doctrines. After Goodwin began commenting on NESARA, other Internet-based conspiracy theorists latched onto it. Much of the terminology in the GCR and the phrase “The Global Currency Reset” can be traced back to Goodwin’s conspiracy theory. She profited by getting people to send her donations in the guise of supporting her website.

Goodwin attached her NESARA doctrines to investment scams like Omega Trust, CMKX, and the Iraqi Dinar. Her claim was that these investments would pay off as soon as NESARA was implemented. Victims of these investment scams converted to the NESARA doctrines because it gave them false hope. This caused this conspiracy theory to grow expediently.

After the 2008 global economic crisis all of these conspiracy theories combined under one roof to make what we see today as The Global Currency Reset. So while the main conspiracy theory says there is going to be a dollar collapse, many of the sub-theories conflict with each other. Gold and silver merchants use the global currency reset propaganda to sell precious metals as endless commercials proclaiming a dollar collapse constantly appear on radio and television.

There is more than one meaning that is attached to the phrase Global Currency Reset. A standard definition would be a return to a global currency system that all nations would agree upon. The last time nations gathered together to agree upon a new global currency system was in Bretton Woods, New Hampshire. While World War II was still going on leaders from nations around the world decided on a new global currency system. This led to the formation of global organizations like the International Monetary Fund and GATT, which later became the World Trade Organization.

The world’s allied nations agreed on a fixed currency rate which was sort of based on a global gold standard. The U.S. dollar was the currency that nations used to back their currency under this agreement. The reason for this was because the United States was in possession of most of the world’s gold supply at this time.

There is a tendency for institutions that missed the warning signs before the last financial crisis to over-cook their doomsayer’s warnings as they consider the potential for another one.

The International Monetary Fund leads a group of gloomy forecasters that worry about the stability of the global economy amid rising debt levels and slowing GDP growth. How long, they ask, can the expansion seen since the last crash go on before another recession hits?

And if a global recession is pushed further into the future by even larger dollops of borrowed money from the financial system, will the next recession quickly become a crash of similar or even larger proportions than the one seen in 2008?

In just six weeks, the entire global economy has completely come apart. All over the world we are seeing numbers fall faster than we ever have before, and the outlook for the rest of the year is exceedingly bleak. Fear of the coronavirus is going to paralyze global trade for the foreseeable future, and the lockdowns in some nations will last for many months to come.

Here in the United States, some states are attempting to make an effort to “reopen”, but in most instances that will involve “multiple stages”. Meanwhile, tens of millions of Americans have already lost their jobs, much of the population has already run through their meager savings, and financial institutions are becoming extremely tight with their money. Even if COVID-19 disappeared tomorrow, our momentum would still take us into an economic depression, but of course this virus isn’t going to disappear any time soon.

After 9/11 our society evolved into an anti-terror state, and COVID-19 is going to permanently alter our society as well. So anyone that was hoping for a quick “return to normal” can forget it, because “normal” is about to be completely redefined.

The Devaluation of the dollar has been happening for the last 70 years or so, especially after 1971. The devaluation of the dollar is a monetary phenomenon and typically driven by lowering interest rates by the federal reserve to increase credit and liquidity. From the moment of the launch of quantitative easing (QE), worried investors have asked, will the U.S. dollar collapse? There are some probable scenarios that might cause a precipitous crisis for the dollar. The most authentic is the dual-threat of high inflation and high debt, a scenario in which increasing consumer prices force the Fed to raise interest rates sharply. Much of the national debt is made up of relatively short-term instruments, so a spike in rates would act like an adjustable-rate mortgage after the teaser period ends. If the U.S. government struggled to afford its interest payments, foreign creditors could dump the dollar and trigger an economic collapse. A reset means the banksters will have to increase the price of the gold.

They own tons of it so that they can cover their derivative positions … The global currency reset is needed to hinder the most significant and fastest increase in global debt in half a century from exploding … But for the average middle-class family or pensioner on Social Security, it will mean “huge inflation”… As the reset will imply “an exponential increase in the quantity of money” by the Fed (meaning high inflation in the prices of everything) … Excluding for maybe “some food items” that are subsidized by the government to impede people “with pensions linked to the chained CPI” from literally starving!!

When you weaponize a reserve currency for personal gain such as what Wall Street and The Fed have done, on behalf of corporate interests that provide little-to-no benefit to even your own population?
Your days are numbered.
The only thing that could ever collapse the dollar would be a sound medium of value – aka GOLD!
Third world garbage countries no doubt dislike being pushed around by the US. They also don’t like the continuous devaluation caused by printed the FAKE money that is the USD.
The only thing more unbearable for the other 140+ odd countries in the world would be to have their own budgets constrained by real money! So maybe the US is an abusive parent. But no country can EVER return to sound money. Not unless they abandon ALL social gibs budgetary black holes. And ask the French how easy that is to do. As Mr. Rickards points out, “Expectations of a Global Currency Reset emanate from the fact that monetary policies across the globe are unstable and unsustainable.” That is an absolute fact, but one has to be impressed with how long the system has lasted so far without collapsing. One of these days, the whole thing will crumble… it literally has to… but the bankers will obviously prolong it for as long as they can because their entire empire depends on it. This is the main point Jim Rickards keeps making, and he’s not wrong. My guess is that the longer they keep suppressing the price of gold and especially silver, the more likely it is that the currency reset will be an absolute mind-blower, a mega-shock probably happening so fast that the majority of people will never get the chance to ‘get back into gold or silver. 99% of people on the planet are going to get broadsided because they’re not even close to being the slightest bit knowledgable about the monetary system.

This week a lot has happened in the global financial markets and the global stock markets have crashed significantly within a few days and the question that most people are asking is whether this drop will culminate in a global stock market crash.

The Federal Reserve has been targeting the stock market as a way of boosting economic growth. They have been pumping billions of dollars into the stock market for many years and now, the prices are inflated. The current global panic as a result of the outbreak has triggered stock selling and this is what is causing the stocks prices to tumble every single day and in the process wealth worth billions of dollars is being lost. In the past week, many global companies are reporting that the global supply chains are being affected by this global panic and the earnings are shrinking because of decreased consumer consumption.

Asian markets have experienced a lot of equity selling and the Japanese Nikkei is down over 3 percent. Similar situation is happening in China and the Chinese stock market is also down as investors fear that the situation can get worse in the next few weeks. At the same time, the US futures have been rising in value as they are now cheaper to buy. The government has been pumping money to keep everything intact even if the real economy and the supply chains are have been slowed down by the ongoing fear. However, no one cares anyway; “please hold the panic” says the Wall Street journal. Yesterday the United States treasury secretary gladly overstepped his boundaries to say that the central bank will of course cut down the short term interest rates if the impact of the outbreak grows. On the other side, much has also been happening in the global bond yields.

The 10 years US Treasuries hit a low of 1.36 percent although we are now a little higher at 1.39 [percent along with the equity futures. The market is now expecting the Federal Reserve to cut interest rates later in the year. In the meantime, we just have around $40 billion in new Federal Reserve repo madness to tide up in the next few days. In China, the stock market has also been hit hard by the epidemic and this has caused the beginning of this stock market crash.

The Shanghai composite (SHCOMP) has lost more than 5.6 percent of its value in this week and this has been the worst performance by the index since April 2019. Various benchmark indexes in South Korea and Australia have also lost a significant percentage of their value. The European stock market too has suffered and the Germany index (DAX) has dropped by nearly 5 percent. When this is put into perspective, the global financial markets had their worse week since the global financial crisis. The MSCI index which tracks the share of some of the largest companies in the world has already lost 8.9 percentage decline of its value; this turns out to be the worst percentage drop since the market crash of 2008.

Major investors have been spooked by increase in the number of warnings from various global companies like Apple, Disney, Microsoft, IAG and others whose businesses have been hit by the outbreak. The outbreak has reduced the demands of various goods and services and at the same time the global supply systems are facing some disruptions. Major firms are reporting a reduction in business activities. It is very clear that the panic caused by this outbreak is really crushing businesses and financial markets and leads to a major stock market crash all around the world.

One day we will wake up and find out that the US dollar will be ‘re-attached’ to gold at the rate of $25,000 to the ounce. Or maybe the US Dollar will take the second seat to SDRs… it won’t really matter. Gold goes from $1200 to $25,000 in an instant and silver to $1,000 per ounce. Once that happens, 99.95% of people on this planet will have missed the boat (at least regarding physical).

Mining companies will be the biggest play of all because they will probably rise in value non-stop for a full decade. If anybody doesn’t understand why JPM has amassed the most massive hoard of pure silver in the entire history of the world, they’re not realizing that JPM is verifying what I just told you. The Fed and their puppets (congress) have refused to allow a full independent audit of all US gold reserves, including leasing and all encumbrances… last legit audit was during the Eisenhower administration. Any of you gold-haters wonder why? HINT: the USA has no gold left, and Munuchin, like all Goldmanites, is a stone LIAR. If/When China and/or Russia introduces a gold-backed currency… the dollar will collapse. So hang on to your dollars, you gold-hating douche-bags… it will be fun to hear your screams when economic collapse will arrive.

So, what do you do?

Here is the scenario.  “Government agencies are having difficulty making their payments.  State governments are issuing vouchers to pay their bills.  US Social Security is late in issuing its payments to retirees and the disabled.  Many banks are issuing warnings about liquidity.   The prices of food are escalating by the hour.  Instead of talking about the latest inane reality TV show, everyone is talking about inflation, money, mass layoffs, etc.  It is 5 days before the economic collapse.”   So, what do you do?

Our current recession/depression is slow creeping at this point towards a bad outcome.  Although I believe US and Canada are still 3 to 5 years away from an economic collapse, I woefully believe that the collapse is coming.  Euro will collapse first.  Greece,Italy, China and Spain have already collapsed.  Italy and Portugal are soon to collapse next.  Having this insight, I have been preparing vigorously for the past 2 years.

During these past 2 years, I have often thought about what the last 5 days would look like before a collapse.  Because governments will do everything and anything to delay the onset of an economic collapse, as they should, I believe the problem will build to a dramatic point, where the economy will fall off a ledge very quickly.  With the US Federal Government running $1 trillion dollar deficits for the past 3 years, how long can that continue?   As some point in time, no foreign government or domestic entity will want to buy US Federal debt.

Then the only option is for the US Federal Reserve to generate artificial money, not backed by tax revenues nor by any tangible assets, in order for the Fed to buy US Federal debt.  At some point in time, the continual injection of fiat currencies will trigger a hyper-inflation period.  At that point in time, the spiral towards economic collapse will accelerate.

There are 5 key foods that should be part of every long-term food storage plan.

1# Wheat — Properly stored, wheat has the best long-term storage potential for common foods.  Hard Red Wheat berries have a 30+ storage life.  Be store to store the pre-ground wheat, which are called wheat berries.  Once ground into flour, it last only about one year.  Soft red wheat berries stores up to 20 years.   The white soft and hard wheat berries stores for 10 or less years.  For your critical long-term preps, stick with hard red wheat.   Be sure to have a wheat grind on hand, so that may flour from the stored wheat berries.  If you allergic to wheat, consider oats or quinoa instead.

2# Salt — This is not so much a food, but rather an essential mineral needed by your body.  If kept dry and sealed, salt has an endless storage life.   I store two types of salt.  Pure salt, or often called canning salt, has no iodine.  I reserve the canning salt for food preservation.  Before refrigeration, meat, fish and cheese were storable due to salt preservation.   And I store several pounds of salt with iodine added for cooking and table usage.  Salt is an item that is often overlooked in food storage.  Yet is has so many usage and is vital to good health.  Both too much and too little salt is bad for your health.

3# Sugar (or honey) — Pure white sugar and honey, if properly stored, never expires.  Keep sugar in a sealed container, and it never goes bad.   For more preps, I storeDomino’s sugar that is already pre-sealed in 4 pound plastic canisters.    Honey is best stored in glass jars in a cool, dark place.  If honey crystallizes over time, just warm it a bit to become fluid again.  Honey has a lot of micro-nutrients, and is my preferred way to store sugar for the long-term.  Occasionally, my local drug store, CVS, has the Dominos 4 pound canisters on sale or I might buy with CVS extra-bucks.

4# Rice — White rice, if sealed in cans with oxygen absorbers, can have a 20 year storage life.  Brown rice has a storage life of around 5 years.  White rice is simply brown rice with the husk removed.  Brown rice has more flavor and more nutrition.  But white rice stores longer, since the husk of brown rice has small amounts of oil within that go bad much quicker.  What I like about storing rice is the amount of dense calories it provides.   Rice is easier to prepare versus grinding wheat berries.  A cups of white rice plus of vegetables from your garden makes a filling meal.  Many people don’t realize the rice has some protein.  Rice combined with beans provides all the protein your body needs.

5# Powdered milk — If you have children, this is a key food to store.  Regular powdered milk has a shelf life of 2 years.  If packed in meal cans by a reliable vendor, powdered milk can be stored for 5 or more years.   Fat free powdered milk stores a bit long.  Most baking recipes call for milk, of which powdered milk is an adequate substitute.  My favorite powdered milk for long-term storage is Future Essentials Canned Powdered Homestyle Creamery Milk Substitute and Honeyville’s powdered milk.

The Lost Ways 2 program is to reveal all the ancient techniques and secrets used by our forefathers to deal with harsh conditions such as diseases, wars, drought, and other life-threatening conditions.

In this program the author explains how to grow and store these foods for a long time in pit holes. Other than this, you will find a lot other valuable information explained in this guide on topics such as finances, health, and life crisis among others.

Basically the guide covers majorly on the super nutrient foods that can help you survive during times of food shortages. These foods have a longer lifespan which enabled our ancestors to store them even when they didn’t have access to refrigerators and other related technologies.

Inside this document you will discover how the pioneers from the Wild West hunted deer and how they tanned hides without chemicals and without spending a dime. You’ll also find out how to butcher a deer and what parts are best for certain preservation methods.

Lost Way 2 – second edition show you how to use the activated charcoal to build yourself a simple and reliable water filter that can clean 800 gallons of water.

When all the water is contaminated, and all you can find are muddy creeks and pools with diseases running rampant you’ll keep your loved ones drinking crystal-clear healthy water. Activated charcoal pills are very useful in treating acute food and chemical poisoning too.

These are the 5 basic long-term foods that should be the beginning of your long-term food storage plan.

A couple honorable mentions are dried beans, TVP (textured vegetable protein typically made from soy beans), dried pasta, freeze-dried meats, dehydrated vegetables, dehydrated fruits.

The truly best long-term food plan is your own garden.

With Summer harvests coming in, now is the time to start home canning.  The canning season is upon us.  I’m a big gruff city boy who learned how to do home canning.  My blueberry jam is fabulous.  If I can learn, anyone can learn to do home canning.

In good times and bad, many your family always have enough to eat.

This is a video put out by fema that I thought was important to repost. There are so many disasters going on in the world right now, it would be very wise to prepare for anything. Earthquakes, volcanoes, floods, economic collapse, hurricanes, you name it.

Are you worried about your future? Are you worried by the many disasters that you face in your everyday life? Worry no more. The Lost Ways comes in to solve your woes. This program was created by Davis Claude and its major role is to prepare and teach you how to handle worst-case scenarios using the least independence. This program will therefore motivate you to protect your family and friends during the worst period without the help of the modern technology.

Remember, calamities are everywhere: at work, home, school and many other places. These calamities cause tension and leads to a decrease in productivity. This may finally lead to a reduction in life. Fortunately, the lost ways review will provide solutions to these situations. It will give you thetips for preparing yourselfwhen nothing seems to go as expected.

Generally, most people are optimistic. This makes them unprepared for failure. However, the best thing is to prepare for worst times. It is important to tell your kids about earthquakes, fire outbreaks, extreme weather conditions and other calamities. Tell them how to deal with these calamities in case they occur.

Knowledge will be your best weapon against this invisible threat. The information inside “Pandemic Protocol” will melt away your fears and anxiety about the virus. Everything you will discover inside is focused on how to keep the infection out of your home and your family safe.

Books can be your best pre-collapse investment.