Tuesday, March 30, 2021

👉America an Empire Drowning in Debt -- Total Debt to GDP already 2000%

👉America an Empire Drowning in Debt -- Total Debt to GDP already 2000% The US government and its monopoly money-printer, also known as The Federal Reserve, have painted themselves into a bankruptcy corner. Not only are more and more foreign nations rejecting America's aggressive and militant foreign policy, but they are also ridding themselves of The Fed's dollar. The US total debt is more than the GDP of every country in the world combined. We are a dying nation. Private analysts have for years been stating that the combined US foreign and domestic debt was astronomical. In 2014 American university professors stated that it was 222 trillion dollars. Now a new report suggests that the real US debt level maybe $400 trillion, or 20 times higher than the country’s gross domestic product. The calculation includes government, state, local, financial, and so-called entitlement debt. AB Bernstein, a global asset management firm based on Wall Street, came up with these figures by including in its analysis not only traditional levels of public debt, such as bonds but also financial debt as well as future obligations for entitlement programs. These include social security, Medicare, and public pensions. In its report, AB Bernstein took debt from a number of sources and compared it to GDP. Using this methodology, federal, state, and local government debt combined amounted to 100 percent of GDP. Households and firms accounted for 150 percent, while debt held by financial firms came to 450 percent. Another 27 percent came from trusts for social insurance programs, 484 percent from promises under current social insurance programs, and 633 percent from obligations for social programs. The total debt, therefore, amounted to 1,832 percent. US debt is large. And it’s growing. But if we want to think about debt problems (in any sector – sovereign, households, firms or financials), the conditions rather than the levels are more significant,” the report said. It suggests that, although the figures seem depressingly large, it is important to understand that not all of the debt obligations are concrete, and there may be leeway. This is especially true for the government programs, which form the biggest potential debt but can be changed by legislation or accounting. Debt problems arguably have already happened at lower levels of debt if the macro conditions forced it. Crisis measures work both ways. An apparently smaller level of debt can cause major problems at a time when the economy is at its weakest, for instance, in a financial crisis. At the same time, larger levels of debt can be harmless if other conditions, for example, leverage levels, or debt to capital, are sustainable. The total federal outstanding Federal debt, which recently surpassed 100% of GDP, will approach 109% of GDP in 2021, assuming the US Treasury finances part of the upcoming spending from its unusually large cash balance, while general government debt will reach 127% of GDP in 2021, before surpassing 130% by 2023. Without the intergovernmental obligations, debt held by the public amounts to $16.7 trillion, or 78 percent of GDP. A default on US treasury bonds would be catastrophic to the global economy. Borrow a trillion dollars a year. Transfer a trillion dollars a year to the billionaires. Add a trillion dollars to the debt of the grandchildren. What could go wrong? Further, we kick the empty can, the bigger the pain will be. Or the bigger we inflate the balloon, the bigger the boom will be when it explodes. And the next step is negative interest rates. That way, They think others will pay us to borrow their money. This is what happens when you sink all your money on military and police, and 23 trillion of that is unaccountable by the military. Last but not least, wait and see when a real audit is made on the supposedly 8000 tons of gold !!! Technically the US Dollar had been in the ICU since Petrodollar back in 1971! it is pretty obvious why there has not been a real and honest audit. It would prove that big lies were told and big crimes committed, and the consequences for the preppers and even the public, in general, would be serious indeed. Debt intentionally grows out of control. They are going to force reset with a digital currency that the criminal elites have 100% control over. Total world domination is their goal. And they are going to get it if people don't wake up soon! Private petrodollar reserve currency backed by military force and extortion of spy agencies. Running a country is like an organized crime cartel. If you can't afford to repay your debt, pick a fight with the countries you owe money to, and all debts are void. The only way for the USA to fix this...is to kill its creditors. Will the USA start World War 3 to wipe the slate clean? War is coming folks. Welcome back to The Atlantis Report. You are here for your daily dose of the truth, the whole truth, and nothing but the truth. Please take a second to hit the like button, hit the subscribe button, and don't forget to also hit the notification bell. This past nightmare, 11 years of economic recovery, has been nothing other than another DEBT FUELED DRUG BINGE THAT IS NOW FALLING APART in the US and globally, and total world debt is now nearly $250 TRILLION as a result. It is increasingly difficult to hide that red elephant under a rug. As soon as the large pyramid scheme of the Western financial system enters its terminal phase, the possibilities for putting even more fake money into the virtual mattresses known as banks are exhausted. That will be the moment when confidence in the entire system collapses. "We see the signals every day. The markets show that again and again. The central banks also only have a choice of two evils: deflation or inflation. Because the first is worse, the second path is automatically followed. Inflation extends their control by another day, another week. This is like a man who is falling from a building and, in the meantime, is trying to grasp everything to prolong his life and postpone the moment when he crashes. Even the IMF now recommends that interest rates go even deeper negative. It is really astonishing how these people with no experience in the real world are trying to sustain the Marxist-Keynesian theory, while more than ten years of negative interest have failed. These idiots do not understand that negative interest rates have wiped out pensions and savings, and ultimately purchasing power. Even deeper negative will not force people to spend more, just make them bankrupt. In the meantime, the banks and their economists have also managed to convince the people that it is great to stimulate more spending with extremely low-interest rates, and the resulting insane house prices are good for the economy. People who take out a mortgage in the current madness market expect to buy something that will always increase in value, but all they really do is purchase even more debt, which will turn out to be a lead stone as soon as the system collapses. The USA is the most indebted and INSOLVENT country in the history of the world, and all of that debt is coming crashing down all over the place. The only question is why interest rates have not soared upwards across the board to default levels, but that is what is coming next as much of the country veers towards and to default. The new US household debt numbers show that Americans have borrowed higher and higher amounts of money every quarter for the past five consecutive years. Collective household debt has surpassed $16 trillion for the first time. The debt level is enslaving Americans, and sooner or later, the music stops. When the music stops in this capitalist game of musical chairs, it ends badly for some while others sit down, hoarding the massive wealth they got from those without a chair. The wealth doesn't disappear; it just moves into different hands, the same hands of those playing and stopping the music. There’s no money to save. Plus, there’s a bankruptcy court on every other corner now. Rich get richer. The working middle class declares bankruptcy — capitalism at its finest. This happened when the richest class destroyed the middle class! Working-class down to the American poverty class and destroying the people’s ability to pay their bills, including health and wealth taxes! Raising interest rates will only trigger a downturn and increase inequality via rentier extraction by finance, deepening the depression via negative reinforcement of deflation. Under deflation, you can get relative inflation if the household income falls faster than prices, as the economy and tax revenues fall sharply, increasing government debt. The 30s, for example. This is why the only solution to an economic downturn is economic redistribution and debt write-offs. This is the economic cycle, over-concentration of wealth, leading to a collapse in demand, increasing private debt and economic collapse, and increasing inequality. This depression continues until the lower orders get annoyed enough to organize and force redistribution and debt write-offs. This is the economic cycle and why an effective. Otherwise, capitalism will eat itself and ensure a long economic downturn (such as in the late 1800s). Capitalism is dynamic, the rate of increase of capital with respect to time. If capital is concentrated, capital accumulation collapses, and with it, the economy, with the rate of profit falling below the rate of interest, causing widespread default and a zombie economy weighted down with debt. And without investment as the falling rate of profit incentivizes hoarding. America went bankrupt in 1933, and we have been owned by globalist bankers ever since. The Fractional Reserve system creates money out of debt and only debt. The scam is only the principal is created, but interest (not created) is expected to pay it back. It's like a musical chair when the music stops; someone is left out. Bankruptcy and failure are built into the system. Wake up America. Time to end the corruption in the financial system. We are all debt-slaves to the globalist bankers. Money is added or removed from the system by these corrupt bankers by lowering or raising the interest rate. The banking system is 'give me control of the money supply, and I care not who makes the laws.' The recipe for world rule and when technology reaches a certain level, they will have no need for the useless eaters. America will never pay its debts. American foreign debt is an essential robbery toward other countries. This national debt is a total disgrace. The Ticking Nuclear National Debt Time Bomb that will soon go Ka-Boom !! With economic collapse and stock market crash.The entire federal debt, which has already surpassed $28 trillion. Three trillion more this year alone. And that is on the up and up! By 2028, America’s government debt burden could explode from this year’s $28 trillion to a staggering $50 trillion. At that point, interest payments would absorb more than $1 in every $5 of federal revenue, crippling the government’s ­capacity to bolster the economy and constraining the private sector too. Contrary to their claims , the U.S. can’t grow fast enough to shed this burden. The Debt is going to go up regardless. Simply because we live in a debt-based monetary system, the Fed has to continually create more debt to pay off the previous balance. It will go on and on and on until it all comes crashing down. In the absence of decisive, quick action to tackle this slow-motion crisis, the best-case scenario for the next few years is that America becomes a much riskier place to do business. A high debt load will limit our flexibility to keep the economy on an even course. Countries with high debt don’t respond aggressively to downturns. Our budget deficit has ballooned by over $1 trillion. This is the only time in the nation's history the deficit has exceeded that level, excluding the 4-year period following the Great Recession. The US Government pays $479 billion a year to service its debt. If interest rates were normal, the servicing cost would be over a trillion. By 2028 the accumulated debt is expected to roughly match the size of the economy. If our oversized public debt explodes into a full-blown crisis, no one can say we weren't warned. Of course, America’s fiscal picture was becoming unsustainable. What’s astounding is how much worse his tax cuts and spending increases have rendered the outlook, and how quickly. And as the debt load grows, efforts by the Federal Reserve to stimulate the economy with lower rates would be more likely to feed runaway inflation. Then, investors will dump Treasuries. That will drive rates far higher and make the budget picture even worse. The debt overhang will have real impacts on Americans—imposing higher borrowing costs, changing retirement as we know it, and slowing the rate of growth. The plausible options for fixing the situation are diminishing, but fixing it should be a first-order policy priority. In the end, it's impossible to know how this fiscal imbalance will play out. But at least two things are clear: One, the problem got a whole lot worse over the past year. And two, we are not finding our way out of this mess any time soon. This is a ticking Nuclear Time Bomb. It doesn’t matter what Clueless Jay Powell and his troop of Uber dovish and desperate FED monkeys do. This charade will end very, very badly. The real question is, why are we never told who it is that actually OWNS our debt. After all, whoever controls the debt, controls everything. I am sure The Deep State will find ways to remain intact while defaulting on the debt they are accumulating while taking control of the world's factors of production. So the government has Trillions in debt (our money), with absolutely no intent to pay it back in full, and yet somewhere we are forced to pay the government more, or we go to jail. Not Liberty. This is debt slavery. End this show and get the reset going already. This was The Atlantis Report. Please Like. Share. Leave me a comment. Subscribe. And please take some time to subscribe to my backup channels; I do upload videos there too. You'll find the links in the description box. You will also find a PayPal link if you want to make a donation. Thank you wholeheartedly to all those of you who have already donated. Stay safe and healthy friends! The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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“Control oil and you control nations; control food and you control the people.” Henry Kissinger


once a standing army is established, in any country, the people lose their liberty.”
George Mason

“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
Henry Kissinger

“If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
Henry Kissinger

"We don't let them have ideas. Why would we let them have guns?" Joseph Stalin

The people who cast the votes decide nothing. The people who count the votes decide everything.
Joseph Stalin

Governments keep a lot of secrets from their people . . .
Why aren't the people in return allowed to keep secrets
from the government?

PHILIP ZIMMERMAN, DER SPIEGEL

“Some call it Communism, I call it Judaism.”

Rabbi Stephen Weiss

“Anti-Communism is Anti-Semitism.”
Jewish Voice, July - August 1941

Taxing People is Punishing Success
UNKNOWN

There's the rich, the poor, and the tax payers...also known as the middle class. Robert Kiyosaki

The Tax you pay is The Bill for Staying Stupid

Stefan Molyneux


“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924


Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money
UNKNOWN

Taxation is legalized Theft
UNKNOWN

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....

Bob Dylan


"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich


There is NO political answer to a spiritual problem!
Steve Quayle


Po
litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon

The modern definition of racist is someone who is winning an argument with a liberal
Peter Brimelow


When People lose everything and have nothing left to lose , They Lose It !

GERALD CELENTE

Your Greatest Teacher is Your Last Mistake
DAVID ICKE

The one who Controls the Education System , Controls Perception
UNKNOWN

"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."

Albert Einstein

In The Left Nothing is Right & in The Right nothing is Left
UNKNOWN


No man escapes when freedom fails; The best men rot in filthy jails. And those that cried 'Appease! Appease!' Are hanged by those they tried to please
UNKNOWN

Freedom is not Free
UNKNOWN

Don't Steal The Government Hates The Competition

Ron Paul

"Buy The Rumor , Sell The Fact " Peter Schiff


You can love your Country and not your Government

Jesse Ventura


" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck

"Tyranny will Come to Your Door in a Uniform "
Alex Jones

"The Government is not The Solution to our Problems , The Government is The Problem "

Ronald Reagan


"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato


The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo

"The people should not fear the government for it is the government who should fear the people" UNKNOWN

"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN

"They don't control us , We empower them " UNKNOWN

"Serial Killers do on a Small Scale What Governments do on a large one..."

Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Thomas Jefferson

"College is a waste of Money"
Albert Einstein

Schools manufacture people who think that they're smart but they're not.
Robert Kiyosaki

Education is what you learn after you leave School
Robert Kiyosaki

" ‏Schools were designed to create employees for the big corporations."
Robert Kiyosaki


"If a law is unjust, a man is not only right to disobey, he is obligated to do so" Thomas Jefferson

Dissent is the highest form of patriotism
Thomas Jefferson

“True education makes you feel stupid. It makes you realize you have so much more to learn.” Robert Kiyosaki


"One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way

"Aspire not to have More but to be More "
UNKNOWN

The losers in life think they have all the answers. They can’t learn because they’re too busy telling everyone what they know.
Robert T. Kiyosaki ‏

"Failure is simply the opportunity to begin again. -This time more intelligently." Henry Ford

What You Own Owns You
UNKNOWN

If you expect the government to solve your problems, you have a problem. Robert Kiyosaki

"Those who give up their liberty for more security neither deserve liberty nor security." Benjamin Franklin

"None are more hopelessly enslaved than those who falsely believe they are free.” -
Johann Wolfgang von Goethe

"Always trust someone who is seeking the truth , never trust someone who found it" Jordan Maxwell

Be The Change you want to see in The World
UNKNOWN

Failure inspires winners but defeats losers
Robert Kiyosaki ‏

“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN