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A Full-Blown Global Debt Crisis: The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis And And There Are 14 More That Are Rapidly Heading Toward One

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There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment.  As you are about to see, there are 24 nations that are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one.  Right now, the debt to GDP ratio for the entire planet is up to an all-time record high of 286 percent, and globally there is approximately 200 TRILLION dollars of debt on the books.  That breaks down to about $28,000 of debt for every man, woman and child on the entire planet.  And since close to half of the population of the world lives on less than 10 dollars a day, there is no way that all of this debt can ever be repaid.  The only “solution” under our current system is to kick the can down the road for as long as we can until this colossal debt pyramid finally collapses in upon itself.

As we are seeing in Greece, you can eventually accumulate so much debt that there is literally no way out.  The other European nations are attempting to find a way to give Greece a third bailout, but that is like paying one credit card with another credit card because virtually everyone in Europe is absolutely drowning in debt.

Even if some “permanent solution” could be crafted for Greece, that would only solve a very small fraction of the overall problem that we are facing.  The nations of the world have never been in this much debt before, and it gets worse with each passing day.

According to a new report from the Jubilee Debt Campaign, there are currently 24 countries in the world that are facing a full-blown debt crisis

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More at link.

http://investmentwatchblog.com/a-full-blown-global-debt-crisis-the-bankruptcy-of-the-planet-accelerates-24-nations-are-currently-facing-a-debt-crisis/

Is there a decent government anywhere that actually works for its people? Doesn't seem like it. And even if you get rid of one and put in another, what are you going to end up with unless the people force them to stay in line. New laws are needed to hold politicians feet to the fire for betraying public trust and stealing money and assets. They look huge, the ones in power, but they have taken a playbook from nature. Animals that are weak use their natural abilities to make themselves look bigger and more deadly and more powerful than they really are.  We are many, they are few. We're like that elephant that was chained for so long that when they removed the chains, he still stood where he was because he was conditioned to think he was powerless.

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The snowball is in position to be pushed over the edge, and it will grow
quickly as it rolls out of control down the economic hill!

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Greed is a sickness, the more you get the more you want, the more you want the more you get. No government  can control this sickness. Man does not have it in himself to control it. In today's world nothing can be obtained without wealth. In yesterday's world might was the power that controlled. Since a mass majority of the populace is fed on commercialism you can buy people's loyalty. We all can't have everything there is too many of us now. So the greedy that are in power take everyone's share. This planet was designed to sustain the population that inhabits it now. But not designed to sustain the sickness of greed. The collapse of the varied monetary systems are emminate. How else can you institute a one world monetary system.  The euro is in the process of subjugating   it's first slave nation. The love of money is the root of all evil.

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