“According to a recent report put out by the McKinsey Global Institute entitled “Debt and (not much) deleveraging“, the total amount of debt on our planet has grown from 142 trillion dollars at the end of 2007 to 199 trillion dollars today. This is the largest mountain of debt in the history of the world, and those numbers mean that we are in substantially worse condition than we were just prior to the last financial crisis.” (Michael Snyder, on May 17th, 2015, at his website The Economic Collapse)
- That’s an increase in debt of over 70% … to get how much increase in economic activity? Any? Can you imagine if your income and that of everyone around you was 70% higher than 7 years ago? This is the end-game of the parabolic debt curve. If world debt had increased 70% at an early stage of the parabola, say from 1950-1957, the economy would have gone absolutely ballistic. But now this barely keeps the patient alive.
- The Lehman Brothers default kicked off the 2008 crisis. A Greek default will be at least ten times larger than Lehman Brothers. Just like Lehman Brothers, an event like this kicks off execution of lots of derivatives contracts (only 10x more this time), that co-signers never expected to have to pay off on and many can’t. This then ripples out (more like tsunamis from a cometary impact in the sea). Have the banksters been able to anticipate and put compensatory triggers in place to manage this? Can you cross the Atlantic in a 14′ outboard speedboat? Maybe. If the comet hits? Maybe not, but the banksters think their boat is very fast.
- Somebody in the shadows of power is clearly preparing and moving America toward a totalitarian coup by imperializing the federal government and militarizing a federal “police” force; then stirring up some kind disruption leading to martial law.
- All my adult life I have thought, and still think, that in order to arise as some kind of world “savior” the antichrist will have to engineer a crisis major enough that no one will resist but all will need his assistance. These days that’s called something like the Hegelian dialectic (thesis, antithesis, synthesis), meaning: stability, “false-flag” crisis, “pre-planned” resolution.
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