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The Debt Deluge By James Reed
The entire world is now in debt by $ 217 trillion, which is the number 217 followed by twelve zeroes: $ 217,000,000,000,000. This is 327 percent of the world’s annual economic output (GPD), according to the Institute of International Finance.
Even China, the so-called miracle economy, is running on debt, which has increased its borrowings by $ 2 trillion, and the IMP is concerned about China’s rising debt levels. Already, China’s debt levels are unsustainable, in conventional economic terms, being 260 percent of its GDP: https://www.rt.com/business/394557-global-debt-surge-gdp/.
The elephant in the room here is: just precisely whom does every nation owe such unsustainable debt to? The answer is: the international financial system, run by the masters of the New World Order. Governments long ago gave the Masters of the Universe, the power to control credit, and now they rule the world. Having a One World Government may be what many want, but the more sophisticated Demons see this as too much work. What does it really matter who is elected when they can be ruled effectively by the power of money?
We know that there is an alternative to this slavery, offered long ago by social credit founder CH Douglas, but the real challenge is how to get this in place, given that the Money Power is quite willing to destroy the planet if they don’t get their own way, like monstrous and deranged children.