Sunday, May 15, 2022

Banks Will Take Your Money in the Coming Financial Crisis

Banks Will Take Your Money in the Coming Financial Crisis

The Tower of Global Debt is Wavering -- $257 Trillion Debt Bomb . It is said that if you have ten dollars bill and no debt, you are actually richer than 20 percent of the Americans. This Fiat Con has been a Ticking Time Bomb for a very very long time! People should be fearful that this tower of debt is visibly wavering. More than a decade after the financial crisis, the amount of combined global government, corporate, and household debt has $257 trillion. Global debt has grown by about 50% in the last ten years. More and more debt needs to be created every day, or the system collapses upon itself! The FED will secure it with even more debt. Its the only thing they can do because they run a DEBT based financial system. And all the interest can never ever ever be paid back. Twelve years on from the global financial crisis, the world continues to reap the consequences. The Entire world is now awash in paper and drowning in debt. BUT, the Central bankers are buying gold. What does that tell us; as the Mainstream media remains silent to the disaster. Buy Precious Metals. Your pond will thank you. Welcome to The Atlantis Report. As the U.S.-China trade war continues and economies take a dive, already low global interest rates could drop even further. The Institute of International Finance noted that total worldwide debt is now $257 trillion, up nearly 50 percent. Although the borrowing helped the recession, the massive debt prevents regulators from increasing interest rates. As many of us still remember from 2008, household debt was one of the trigger points that led to the great financial crisis. So I think it is always important to keep in mind how has the debt load grown over time. So over the last twelve years so we are using 2008 as the beginning period and looking at where we stand today for beginning 2020. We can see the various debt segments have actually grown quite differently. From a total global debt estimate perspective, back in 2008, we were looking at about a hundred eighty trillion dollars of total global debt. Today sitting here sort of first quarter 2020, we are looking at more than 250 trillion. So we have definitely seen continued growth of debt. Sort of 1.7 multiple from where we were 12 years ago. Let's look at household debt since that's what we are all familiar with. We have seen household that grown by about 1.7 multiple. Student debt has been something that we have been talking about a lot. Student debt has actually grown from about 600 billion in 2008 to about 1.4 trillion. So when you do the math, that's about a 2.4 multiple over the 12 years period. So compare that to the household debt, we have actually seen a faster growth of student debt. Global corporate debt is now above $29 trillion, with around one-quarter maturing over five years. Corporate debt is actually a tale of two worlds. When you look at the financial institutions, the banks, and the like. The debt has actually stabilized around the same level as it was in 2008. So we have seen maybe a small five or ten percent growth on the debt level for financial institutions. For nonfinancial institutions, on the other hand, as a lot of companies have really tried to take advantage of this low-interest-rate environment, their debt has grown much more than financial institutions. By my estimate, it's grown about 1.7 multiple from twelve years ago. Corporations are borrowing money that can only be paid back if profits increase, but 70% of the US economy is generated by consumer spending. The average U.S. household has $7,000 in credit card debt and pays more than $1,000 a year in interest. From 2008 to today, a lot of governments got involved in quantitative easing, QE. And part of a QE requires the government to put a lot of liquidity into the marketplace, and therefore, a lot of government had to take on the additional burden of debt to make that possible. So a government debt that has grown about 1.8 multiple over the last twelve years. From about 40 trillion up to close to 70 trillion. So that's on a global footprint. That's how we see government debt. And from that group, we see one of the countries standing out as an outlier, that's China. In 2008 our estimate is there were about 7 trillion dollars of Chinese government debt. And today, there are around 40 trillion dollars of Chinese government debt. So when we do the math, it's almost a six-times multiple over the last 12 years. So we can definitely see a different pace of different countries picking up additional debt to their debt load. The world's already gigantic debt load broke the record for the highest debt-to-GDP ratio before 2019 was even over. As a matter of fact, it already broke that record in the first nine months of 2019. Global debt, which includes borrowings from households, governments, and companies, rose by $9 trillion to approximately $253 trillion throughout that period. That places the global debt-to-GDP ratio at 322%, tightly outpacing 2016 as the highest level on record. More than half of this vast number was amassed in developed markets, such as the United States and Europe, bringing their debt-to-GDP ratio to 383% as a whole. There is a large number of culprits for this Global debt increase. Countries such as New Zealand, Switzerland, and Norway all have growing household debt levels, whereas the government debt-to-GDP ratios in the United States and Australia are at all-time highs. In emerging markets, debt levels are still lower, for a total amount of $72 trillion, but they have expanded faster over the last few years. For example, China's ratio of debt to GDP is nearing 310%, the highest level in the developing world. Watch emerging market debt. It's all dollar-denominated. The defaults come when the emerging market currencies start to go into the toilet versus the dollar. They have to repay in dollars, and the cost of acquiring those dollars will go hockey stick quickly. The bitch of it: dollars are, by no means, in short, enough supply to justify emerging market exchange rates to go hockey stick on that metric alone. The world is swimming in dollars. Countries are looking to trade out of their dollars (Treasuries) by taking our frack oil in return for them. And we have Repo Madness. The emerging market currencies versus the dollar will very quickly be shown as a case of trading for the best horse in the glue factory, causing a massive dollar bubble, which will be one of the last to pop. Such gargantuan worldwide debt is a real risk for the global economy, especially as experts expect levels to grow even further in 2020. Encouraged by low-interest rates and loose financial conditions. The Federal Reserve lowered interest rates three times last year, and the European Central Bank's benchmark rate is still at its post-financial crisis lows. The master plan is quite simple. The plan is for the US always to have a better interest rate than their slave economies: Japan (Bank of Japan), Europe (ECB), UK (Bank Of England). The US and US economy need only to appear in better shape as the best in the basket of the many already in BIG trouble world economies to continue to receive the money flow from all over the world, making the US and US elite richer and richer and even more powerful. That means, if rates in the US are at 1.5% then rates in Japan, Europe, the UK should be much worse than that. As long as the wealth transfer from the middle-class worldwide to the US and US elite hands continue, they are very satisfied and delighted with that. In spite of advantageous borrowing conditions, the refinancing risk is enormous. As a total of more than $19 trillion of syndicated loans and bonds will mature in 2020. It's unthinkable that all of these will be refinanced or repaid. ALL of that debt is bad debt. This is going to culminate in the greatest hoovering of leftover capital ever, without exception. And we haven't discussed pensions. A sovereign debt crisis will almost always be accompanied by a banking crisis or trade crisis, a currency crisis, sometimes a social crisis. The pressure on the politicians who are there when the crisis begins is intense because they all know that history suggests that the politicians there when a crisis begins are rarely the ones there when it ends. All the conditions are in place for another crash. Trump drained the swamp by effectively bringing Goldman Sachs and a bunch of casino capitalists into his administration. Government Sachs as it's now known. American was to be a Credit nation, not a Debt nation. A Debt nation, where everyone is a slave to the Banks, is no longer a Republic. Killing Glass-Steagall made it once again possible for bankers to create all the money and decide what to loan it out for, even if it was speculative, and it sure has been. 1.4 Quadrillion dollars derivatives held by the banks, the most in debt of all. We are now living in a state of neofeudalism. Capitalism has not existed in 100 years. We have bankers and corporations who are in bed with the state. Everyone pays their dues to the rent-seekers. Everyone gets poor while a few at the top get rich. Increase debts which the suffering masses can be squeezed for in order to increase bank balances in the Caymans and Wall Street! Skid Row sends its best wishes! The system is broken, and we can't seem to be bothered to really fix it. Let's hit rock bottom soon. Then we don't have a choice anymore. People don't change until they have to anyway. But our society just wants to find ways to keep the dead beast moving. The longer we wait, the worse it will be. One thing is for sure, the average person, the worker who puts their labor into making this world and the wealth that it has, will get screwed over, while a few elites will benefit enormously. It's not coincidental that governments are showing new totalitarian stripes. Pathocracy puts continuity of pathocracy before all other considerations. Because they know that at some point, their debt-based Babylonian Ponzi scheme would become public knowledge, and they would have to contend with 7 billion angry people. They are prepared to annihilate most all biped life on earth in order to take earth and the resources for themselves. This is the problem when the citizenry doesn’t cut off wickedness before it blossoms this far. Greed and bribery tempted our leaders who threw us and the world under the bus. They have been planning for this day for a very long time. The result will be devastation. ALL Central banks are a criminal fraud based Unconstitutional banking system. The biggest scam ever perpetrated against the good peoples of planet earth. Central banks create backed by nothing debt notes out of thin air, charged to peoples of each country at full face value plus interest that never existed and can NEVER be repaid. Criminal central banks are a communist Marxist socialist system designed to enslave all peoples in every country on planet earth except criminal bankers. When they crash the world's central banking system, it will be as designed to bring about one-world government and monetary system. No middle class, no armed citizenry, no creator endowed inalienable rights. The whole show will come crashing down one of these days, maybe in a month, maybe in six months, maybe in 10 years. NOBODY knows. One thing is certain; the banks and the federal governments will get a debt jubilee, but not the working people. The future could be a civil war. This was The Atlantis Report. Please Like. Share. And Subscribe. Thank You.

The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

No comments:

Post a Comment

Blog Archive

“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?


“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

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

Taxation is legalized Theft

"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

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 !


Your Greatest Teacher is Your Last Mistake

The one who Controls the Education System , Controls Perception

"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

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

Freedom is not Free

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 "

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

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

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