Shocking video of the imminent economic collapse and next Great Depression.

Temporary prosperity that is created by exploding levels of debt is not actually prosperity at all.  At this moment, the U.S. government is 22 trillion dollar in debt, and we have been adding an average of more than a trillion dollars a year to that debt since 2009.  And if we stay on the path that we are currently on, the trajectory of our debt will soon accelerate dramatically causing the biggest economic collapse in our lifetime. 

In fact, as you will see below, the Congressional Budget Office is now projecting that the U.S. national debt will reach 99 trillion dollars by 2048 if nothing changes.  Congressional Budget Office projections always tend to be overly optimistic, and so the reality will probably be much worse than that.  Of course we will never actually see the day when our national debt reaches 99 trillion dollars. A major economic collapse and the biggest stock market crash will happen long before we ever get to that point.  In our endless greed, we are literally destroying America, and emergency action must be taken immediately if we are to survive.

Let me try to put this into perspective.  Not too long ago, Venezuela was once one of the wealthiest countries in South America.  These days, many Americans like to laugh at them, but we are on the exact same path that Venezuela has gone down with their horrific economic collapse.  Eventually, the day comes when there is not enough of someone else’s money to spend, and suffocating levels of debt make the option of printing giant mountains of money too tempting to resist.  At that point it is just a matter of time before a huge stock market crash and society devolves into chaos.

The same principle is going to also apply on a global scale.  The U.S. government is now more than 22 trillion dollars in debt, and the entire globe is now more than 250 trillion dollars in debt, and global economic collapse is coming.
Twenty years ago there was $40 trillion of debt in the world today there is $250 trillion worth of debt in the world.

It would take an unprecedented effort to turn things around, but right now hardly anyone seems concerned about bringing all of this debt under control. So we continue to roll on toward our date with economic collapse, and most people are completely oblivious to what is about to happen to us. A horrific stock market crash and economic collapse is coming.

COURTESY:
Script: Michael Snyder http://www.theeconomiccollapseblog.com

Music: CO.AG Music https://www.youtube.com/channel/UCcavSftXHgxLBWwLDm_bNvA

Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.

Most of artwork that are included with these videos have been created by Epic Economist and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.

Anything that is said on the video is either opinion, criticism, information or commentary,  If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence before making any significant investing decisions.

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#debt #millennial #studentdebt

As the federal debt reaches record levels, more and more economists are asking if it’s really a problem. Republican strategist Leslie Sanchez and Democratic strategist Lynda Tran join CBSN with more.

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Shocking video of the imminent economic collapse and the next Great Depression.

The borrower is the servant of the lender, and one of the primary ways that the elite keep the rest of us subjugated: is through the 244 trillion dollar mountain of global debt that has been accumulated.  Every single day, the benefits of our labor are going to enrich somebody else.  A portion of the taxes that are deducted from your paycheck is used to pay interest on government debt.  A portion of the profits that your company makes probably goes to servicing some form of business debt.  And most Americans are continuously making payments on their mortgages, their auto loans, their credit card balances and their student loan debts.  But most people never stop to think about who is becoming exceedingly wealthy on the other end of these transactions.  Needless to say, it isn’t the 46 percent of the global population that is living on less than 5.50 dollar a day.

The world has never seen anything like this 244 trillion dollar debt ever before, and one of the central themes of Epic Economist youtube channel is that all of this debt will ultimately destroy our society and causing a major economic collapse.  According to the Institute of International Finance, the total amount of global debt is now  “more than three times the size of the global economy”…

Today, we are living in the terminal phase of the biggest debt bubble in the history of the planet.  Every debt bubble eventually ends with horrific economic collapse, and this one will too.

It isn’t an accident that the United States are 22 trillion dollars in debt.  The truth is that the debt-based Federal Reserve is doing exactly what it was originally designed to do.  And no matter what politicians will tell you, we will never have a permanent solution to our debt problem until we get rid of the Federal Reserve.
In 2017, interest on the national debt will be nearly a trillion dollar. That means that close to 1000 billion of our tax dollars will go out the door before our government spends a single penny on the military, on roads, on health care or on anything else. And we continue to pile up debt at a rate of more than 200 million dollar an hour.  According to the Congressional Budget Office, the federal government will add more than a trillion dollars to the national debt once again in 2019…

When economy comes crashing down and a great crisis happens, we are going to have a choice.
We could try to rebuild the fundamentally flawed old system, or we could scrap it and start over with something much better. My hope is that we will finally learn our lesson and discard the debt-based central banking model for good. The reason why I am writing about this so much ahead of time is so that people will actually understand why the coming economic collapse is happening as it unfolds.

If we can get everyone to understand how we are being systematically robbed and cheated, perhaps people will finally get mad enough to do something about it.

COURTESY: The Economic Collapse Blog – http://www.theeconomiccollapseblog.com

Music: CO.AG Music https://www.youtube.com/channel/UCcavSftXHgxLBWwLDm_bNvA

Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo.

Most of artwork that are included with these videos have been created by Epic Economist and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.

Anything that is said on the video is either opinion, criticism, information or commentary,  If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence before making any significant investing decisions.

Canadians are positively swimming in debt. More than $2 trillion, in fact, according to the latest numbers from the Bank of Canada. That’s up by almost four per cent in the past year, despite repeated dire warnings from economists, policy-makers and central bankers.

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The underexamined art and science of managing the federal government’s huge debt.

Everyone talks about the size of the U.S. national debt, now at $13 trillion and climbing, but few talk about how the U.S. Treasury does the borrowing even though it is one of the world’s largest borrowers. Everyone from bond traders to the home-buying public is affected by the Treasury’s decisions about whether to borrow short or long term and what types of bonds to sell to investors.

What is the best way for the Treasury to finance the government’s huge debt? Harvard’s Robin Greenwood, Sam Hanson, Joshua Rudolph, and Larry Summers argue that the Treasury could save taxpayers money and help the economy by borrowing more short term and less long term. They also argue that the Treasury and the Federal Reserve made a huge mistake in recent years by rowing in opposite directions: while the Fed was buying long-term bonds to push investors into other assets, the Treasury was doing the opposite selling investors more long-term bonds.

This book includes responses from a variety of public and private sector experts on how the Treasury does its borrowing, some of whom have criticized the way the Treasury has been managing its borrowing.