One of our most recent video reports!
See the original article below:
Josh Sigurdson talks with author and economic analyst John Sneisen about the record breaking global debt level.
The numbers have been released. At the end of 2016, global debt reached record highs of $217 trillion. That's 327% of global GDP, up 50 trillion over the past decade.
Then on January 4th, 2018, we saw the IFF global debt analysis report showing global debt rose to a record of $233 trillion at the end of the third quarter in 2017.
"$63Tn in government, $58Tn in financial, $68TN in non-financial and $44Tn in household sectors, a total increase of $16 trillion increase in just 9 months" according to Zero Hedge.
Now, the latest quarterly update shows global debt has climbed another 4 trillion dollars in the following quarterly.
It now stands at a record $237 Trillion, at least in the final quarter of 2017. That's more than 70 Trillion Dollars more than a decade ago. Up 20 Trillion Dollars in 2017 alone!
This appears to be peak debt. It doesn't have much more room for movement. This could end in a catastrophic global collapse. As we know, this is a problem of central banking. The global central banking system is getting desperate as we see the end results of mass centralization. All fiat currencies eventually revert to their true value of zero. They always have, they always will, going back to 1024 AD in China. Now we of course do not know when the crash will truly happen as the fundamentals are off the table due to the level of manipulation in the monetary system, but we know it will indeed happen. This is why self sustainability and financial responsibility are so important for individuals to maintain.
We will continue to cover this important issue closely. Stay tuned for more from WAM!
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Thanks for the info :)
I cannot understand how this sick system is still working in the era of information...
Empty money that you can print to buy media, army and people lifes to keep this system alive... I'm tired of this!
did not understand lol
It is worrying. The crisis has many countries under pressure. I agree that self-sufficiency and financial responsibility should be key factors in resolving this global crisis.
Josh, I found you on Youtube a while back and now follow you here as well, you have opened my eyes to quite a bit. It is amazing what the general public are led to believe vs what is really happening.
"This appears to be peak debt". . . . Actually it is not possible to run out of numbers - there is always room as long as the govt issues more money. More debt can always be created by issuing currency to service existing debt. To suggest there is a limit is very silly. If there is a magic number that is peak debt - what is it? It only exists as complete dogma. If the govt stops/stopped issuing currency, then hoarding capitalists would suck society dry and unemployment would skyrocket - i.e. economic depression. If, if, if, if, if. . . Actually people have been smart enough for quite a long time to know that you just issue more currency and that solves the problem.
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