03-16-2020, 10:48 AM
** 16-Mar-2020 World View: Global debt
There's no way that the global debt crisis will be resolved
without a world war.
As World War II was ending, the World Bank and International Monetary
Fund were set up to settle up accounts from before the war, and to
guarantee that a new global debt crisis would never occur again, just
as they set up the United Nations to guarantee that there would never
be another world war. With the rise of Generation-X and contempt for
the Silent Generation that set up those institutions, those
institutions are all failing now.
So in the last 20 years, global debt has gotten out of control, and
has overwhelmed the World Bank and IMF, and Russia has sabotaged and
destroyed the United Nations.
richard5za Wrote:> I am not clear where you included global debt in the 3 points
> above, John. I suspect that debt is the biggest issue we are
> facing. Corporate debt alone is around $ 75 trillion and
> unpayable. Total global debt you posted as $ 260 trillion and I
> agree with your figure.
> Some market analysts have suggested that eventually we will reach
> a point called "the Great Reset". A fellow called John Mauldin has
> long been a proponent of this theory. The theory basically says
> that there will be a grand debt jubilee, where all debt is written
> off and the slate wiped clean. I have no idea how this works in
> practice, but what I have always thought is that we will only get
> to that point when there has been a credit crisis of epic
> proportions and no other way out. It will be a last resort plan
> and way out of the mess. Could take a long time to get there
> too. By that stage most of us will be living in poverty
There's no way that the global debt crisis will be resolved
without a world war.
As World War II was ending, the World Bank and International Monetary
Fund were set up to settle up accounts from before the war, and to
guarantee that a new global debt crisis would never occur again, just
as they set up the United Nations to guarantee that there would never
be another world war. With the rise of Generation-X and contempt for
the Silent Generation that set up those institutions, those
institutions are all failing now.
So in the last 20 years, global debt has gotten out of control, and
has overwhelmed the World Bank and IMF, and Russia has sabotaged and
destroyed the United Nations.
