By the end of 2020, economists expect global debt to reach $277 trillion, or 365% of world GDP.
That’s insane.
And, making matters worse — interest rates are near zero which means Nations and People can borrow even more money with very low interest payments due.
What does that mean?
It means we are falling further into the hands of the financial institutions lending this money.
It’s our fault, of course.
We are the ones who let banks use a low reserve requirement. That means they can lend out more than they actually own and is one of the key factors driving up the Global Debt. They are allowed to lend more money than actually exists.
We are also the ones who let them charge 30% interest on over due credit card payments which is an immense cost for someone who already can’t afford their credit card bill. I’m not sure what a Nation would have to pay on a missed interest payment… but I do know it means liquidating assets or doing things that are against our National Interest.
Making this situation worse, especially in the USA, is the fact that we are printing Trillions of Dollars to prop up the stock market and other sectors of the economy, mainly, to my understanding, in favor of banking institutions. The very same ones that are putting us deeper and deeper into debt while our money becomes increasingly worthless due to hyper inflation. It’s happening, folks.
The DEBT MONSTER IS REAL.
All of this is going to come due, and it’s going to come due at the expense of our National Sovereignty, Natural Resources, and ultimately our Freedom.
WE MUST DO SOMETHING ABOUT THIS.
