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Post by drawnsword on Jul 19, 2015 18:10:21 GMT -6
The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis 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. read on article here... theeconomiccollapseblog.com/archives/the-bankruptcy-of-the-planet-accelerates-24-nations-are-currently-facing-a-debt-crisis
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Post by Thomas Eversole on Jul 21, 2015 8:07:15 GMT -6
If two countries are in debt to each other, wouldn't they just write it off and pay the remaining expenses?
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Post by drawnsword on Jul 22, 2015 3:17:21 GMT -6
Yeah, though there is an elite on Earth pursuing total control. This world elite dominates organizations that manage the finances of almost every country on this planet. The World Bank, the International Monetary Fund (IMF) and central banks like the Federal Reserve literally controlling the global flow of funds. It's Bankruptcy by design.
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