In the past 40 years alone, governments around the world have decided to go broke or go home with an astounding increase in debt as a means to prop up failing financial institutions and dying corporations. Now a new report from The Bank for International Settlements (BIS) states that the total amount of global government debt has increased to more than $100 trillion.
The jump in debt from $70 trillion a few years back to its current monstrosity is twice the US economy on its best day. In an attempt to beg, steal or borrow, governments are creating the backdrop for economic collapse, as the world has never seen.
“Borrowing has soared as central banks suppress benchmark interest rates to spur growth after the U.S. subprime mortgage market collapsed and Lehman Brother’s bankruptcy sent the world into its worst financial crisis since the Great Depression.”
Yet governments keep borrowing, and spending, borrowing and spending, as if the hole can somehow be filled with something besides hot air and a corrupt tool-kit upon which our economic foundations were based.
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Make no mistake. This is all carefully planned. The system is set up to fail, and the basis of wealth in our world set up to crumble with it, opening the door to a new system, even more devious and dire than the current one and sweeping the remaining free assets into the hands of the Rothschilds and their cohorts. And I don’t think it’ll be long before they pull the trigger on it all.