315 Trillion In Debt About to Explode.
There is an incredible amount of financial obligation amounting to $315 trillion around the world, and it is expected that upcoming worldwide events will result in its collapse.
An incredible $315 trillion financial obligation has actually developed worldwide, threatening to collapse under the weight of imminent global occasions. By Michael Snyder, outdated May 29.
I expect that congratulations remain in order. It is no little accomplishment to pile up a financial obligation of $315,000,000,000,000, and we will never see a mountain of financial obligation of this magnitude ever once again after it comes crashing down. Despite the fact that delinquency rates are increasing all over the world, as long as conditions remain at least somewhat fairly stable the game will be able to continue. Regrettably, conditions will not be reasonably stable for long. Worldwide events have actually started to speed up considerably, and that is really going to shake things up in the months ahead.
According to a report that was simply launched by the Institute of International Finance, the total amount of debt on the planet has reached a grand overall of 315 trillion dollars …
The world is bogged down in $315 trillion of financial obligation, according to a report from the Institute of International Finance.
This global financial obligation wave has been the greatest, fastest and most comprehensive increase in debt since World War II, coinciding with the Covid-19 pandemic.
According to the current Global Debt Monitor report from the IIF, released in May, worldwide financial obligation has seen its second straight quarterly upswing, largely sustained by emerging markets, which have reached an all-time high of over $105 trillion – an incredible $55 trillion dive because the same period 10 years back.
Currently, we are experiencing the biggest around the world loaning spree ever taped.
Family, service, and government debts have all reached extraordinary levels that are higher than ever before.
Of the $315 trillion financial obligation stock, home debt, which includes home mortgages, charge cards, and student financial obligations, to name a few, amounted to $59.1 trillion.
Corporations make use of service debt to fund their activities and expansion, totaling $164.5 trillion. The financial sector represented $70.4 trillion of this amount, with public debt making up the remaining $91.4 trillion.
Presently, the circumstance is moderately calm, and as a result, all seems in order.
But it won’t take much to press us over the edge.
In a recent conversation with Greg Hunter, Chris Martenson hypothesized that a prospective Chinese military attack on Taiwan could precipitate a rapid and catastrophic collapse of the bond market.
In a new market meltdown, Dr. Martenson sees turmoil and gives a theoretical example: “China attacks Taiwan, and there is a 10 sigma move in the bond market. Oh no, all these derivatives have exploded. In other words, a massive Lehman Brothers mobe on a 100X scale, These individuals are expected to be winners, and these individuals are supposed to be all losers. No, no, they don’t have any money for that stuff. It’s too made complex. I don’t think anybody comprehends how this works anymore. I might not discover anyone who might tell me the entire thing. I could discover individuals who knew bits and pieces, but they knew their slice … I am attempting to sew this thing completely. I get unpleasant when I can’t answer the most basic concerns, and that is how much risk is there in the system and where is it?”
In short, Dr. Martenson is worried about the whole financial system going down. Dr. Martenson says, “Yes, I am worried about the whole system going down, and that leads to all sorts of speculation … Imagine this, we wake up one day, and the markets are not open on Monday. Oh no, glitch. Problem. Then, it’s two days and not open, three days not open. People are getting worried. Friday, and the markets are still not open. Monday comes, and they say it’s a super big problem, and we don’t know how to resolve it … They offer you 100% value today in a Central Bank Digital Currency (CBDC) account or you can wait it out and hope it gets resolved, and it might take a decade.”
The moment that the Chinese invade Taiwan, the U.S. and China will be at war.
This is among the three significant wars that I have been cautioning about for a considerable period.
Regrettably, tensions between China and Taiwan are escalating, with China adopting an increasingly assertive stance. Notably, just last week, they carried out their largest and most extensive military exercise to date …
China wrapped up a two-day, large-scale military exercise Friday after its forces deployed 111 aircraft and 46 naval vessels to areas around Taiwan.
According to Taiwan’s Ministry of National Defense, a large fleet of 82 Chinese military planes breached the midpoint of the Taiwan Strait, with some veering perilously close to the 24-nautical-mile boundary that Taiwan designates as its contiguous territorial waters.
The military drills, branded as a “punishment” for Taiwan’s new president, Lai Ching-te, who China views as separatist, focused on conducting joint sea-air combat-readiness patrol, joint seizure of comprehensive battlefield control and joint precision strikes on key targets involving China’s army, navy, air force and rocket force.
In the meantime, both parties are still intensifying the situation in Ukraine.
It is being reported that French forces will soon be heading to Ukraine to help “train” Ukrainian troops, and that is a very ominous development. The Russians have promised to locate and destroythese French forces. There will be no quarter. It’s getting very nasty, and just about anything can trigger a much wider war, Perhaps, even a nuclear war.
The military of Ukraine has expressed approval of the arrival of French trainers in Ukraine, indicating for the first time that France is sending its troops to Ukrainian territory. This signals the start of a significant increase in military presence by a NATO member in a formal and public manner.
“Ukraine’s top commander said on Monday he had signed paperwork allowing French military instructors to visit Ukrainian training centers soon,” Reuters reported Monday, referencing the head of the armed forces, Col. Gen. Oleksandr Syrskyi.
Syrskyi expressed satisfaction with France’s decision to send trainers to Ukraine to provide military training to Ukrainian soldiers. This announcement came after video conference discussions with the French defense minister, Sebastien Lecornu.
We are getting closer and closer to the day when Western forces will be in direct conflict with Russian forces, and this is something that I have been warning about for many years.
The third major war that will greatly shake the entire planet is the war that has erupted in the Middle East.
Military operations by Israel are intensifying in Rafah, with troops pushing further into the area, while simultaneous clashes persist between the Israeli Defense Forces and Hezbollah along the volatile northern border.
Eventually this war is going to escalate to an extremely dangerous level, and we could potentially see that happen by the end of this calendar year.
In addition to military conflict, major pestilences are also a factor that could turn the global financial system upside down.
Today, it was revealed that more than 4 million chickens at a single farm in Iowa will need to be euthanized to a bird flu epidemic
More than 4 million chickens in Iowa will have to be killed after a case of the highly pathogenic bird flu was detected at a large egg farm, the state announced Tuesday.
Workers are currently euthanizing 4.2 million chickens due to the discovery of the disease at a farm in Sioux County, Iowa. This incident is part of an ongoing outbreak that has now spread to dairy cattle. Just recently, the virus was identified at an egg farm located to the west of Minneapolis, Minnesota, resulting in the culling of almost 1.4 million chickens.
Overall, 92.34 million birds have been killed since the outbreak began in 2022, according to the U.S. Department of Agriculture.
It’s important to note that the statistic cited by the U.S. Department of Agriculture only represents data specific to the United States and does not account for global numbers.
Overall, hundreds of millions of birds have been killed around the globe since the beginning of this pandemic.
Let’s just hope that H5N1 does not mutate into a form that can spread easily from human to human, because if that happens our planet will be paralyzed by fear on a much higher level than we experienced during the last pandemic.
There are reports indicating that a hemorrhagic fever, which can lead to symptoms similar to Ebola with bleeding, is spreading quickly among rodents in northern Europe.
A potentially deadly virus that can jump from animals to humans is already sweeping through northern Europe, putting the UK highly at risk.
New research indicates that the frightening virus can be passed from rodents to humans and result in symptoms similar to those of Ebola, such as
In Sweden, certain bank voles have been found to harbor a disease-causing agent, which has been transmitted to two individuals, resulting in their contraction of a severe Viral Hemorrhagic Fever, a category of illness that also includes Ebola.
I will be closely watching for any human cases of that disease, because any type of hemorrhagic fever that starts spreading widely among humans would cause a tremendous amount of panic.
In addition to the existing challenges, I think it’s essential to prepare for unforeseen environmental catastrophes that may strike in the coming months.
For example, our sun has been exceedingly active lately, and we are being warned that more coronal mass ejections may soon be heading our way …
There is a possibility that Earth may experience a strong solar storm this week, which could lead to radio disruptions and stunning auroras in the northern skies.
Earlier this month, the sun released extremely strong streams of plasma called coronal mass ejections (C, leading to global communication
A recurrent solar blemish has re-emerged, unleashing a potent burst of energy in the direction of our planet’s vicinity on Monday.
The National Oceanic and Atmospheric Administration (NOAA) a 60 percent chance of radio blackouts on Tuesday and throughout the rest of the week.
Prior to the conclusion of the present solar cycle, I anticipate that the sun’s energetic behavior will garner significantly more attention from the media.
The current pace of events is merely a precursor to a much larger and more significant series of developments that are on the horizon, with the most substantial and impactful changes yet to come.
It won’t be too long before we are being hit by one catastrophic event after another, and that is going to cause tremendous chaos for the global financial system.
So take advantage of this period of relative stability while you still can, because we are moving into a time when everything that can be shaken will be shaken.