Debt Crisis: The Largest Debt Bomb In Human History is About to go BOOM!

The media no longer talks much about the national debt and assumptions are maybe the new Trump administration has reduced it by 12B. However, that is not the case; the debts are on the highest level, not only the national debt but also the corporate and personal debts.

According to Michael Snyder’s article, over a hundred years the debt has been on the rise to the level where we are now facing an enormous crisis in the history. The debt saturation has never been experienced in the past, and its end does not look pleasing at all. Most people believe that the crisis began in 1913 when the Federal Reserve was established because since then the U.S debt has risen 6800 times bigger.

The previous government led by Barrack Obama knew exactly what was happening and were able to control the economic depression by stealing over nine trillion dollars meant for the future American generation. The money was fueled by US economy making the federal government have a 20 trillion dollars debt. The corporations and households are not left behind either. The corporate debt is now two times since the last financial crisis, and the U.S consumers have hit over 12 trillion dollars debt.

When all forms of debts are added together, the American debt to the GDP ratio is at 352%. America is not solely experiencing such a crisis because the industrialized world has similar predicaments of a triple digit to the GDP figures. The end of the current debt cycle will bring about an enormous economic pain that has never been felt in the past.

The inevitable consequences of a hundred years of credit expansions likely to bring the world to a misery level that is out of this world. Virtually, the debt of $250 trillion, $500 trillion for the unfunded liabilities, $1.5 quadrillion in derivatives adds up to a $2.25 quadrillion in debt. It is a hassle to tell when this cycle will come to an end because it can be a 2000 years cycle. It is also unclear when it will decline.

There are signs of a global slowdown such as the global trade growth going below 2%, it being the third time since the year 2000. A horrible recession has taken place each of these times. Most countries around the globe are caught up in the web of an economic crisis. Brazil is experiencing its worst recession such that people are starving in Venezuela. Fresh debt problems are evident in Greece, Italy, Europe, and Portugal.

It’s sad that people cannot see that the government, corporate and consumer debt are all growing at a high rate and no one provides a long time solution. Many people are mocking and suggesting of an economic downturn in America just like 2007 especially with the high stoke market valuations. It is a time where the economic condition of America looks kind of great, blinding people to see what is happening.