#Investors-Group - Global DEBT. Apparently no one seems to give a shit!
The World is drowning in a sea of DEBT
For the past few years I have continued to express my growing concern that the Global Financial System and Global Economy is suffocating itself on an unprecedented growth in DEBT.
Despite the utter garbage and vomiting diarrhoea that continues to be spurted out by the Mainstream Media regarding the state of The Economy, one thing is for sure, The Economy has not been this bad for OVER TWO HUNDRED YEARS.
I have highlighted this in case anyone thought it was a typo error.
So that there is no misunderstanding, I will repeat it again, The Economy has not been this bad for OVER TWO HUNDRED YEARS.
As the World continues to drown in a sea of DEBT, apparently no one seems to give a shit!
Earlier on I was scanning my twitter feed and came across this article that I thought I would share with you.
Credit to Zerohedge for the content in the article.
Over $10 Trillion In Debt Now Has A Negative Yield
https://twitter.com/zerohedge/status/1110207471954595841
I guess only time will tell as to when people will actually start giving a shit!
Thanks again for reading.
Stephen
I read somewhere recently that there's $4 trillion in unsecured debt with due dates slated in 2022 creating the potential for a global depression unless deals are somehow restructured. If this is the case, new forms of money aka cryptocurrency will grow in popularity simply because people will seek an alternative to the status quo. This is exciting because it will hasten the day when all forms of digital currency can be exchanged without the need to convert to fiat to buy gasoline and groceries.
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Negative Yielding Debt - amazing isn't it. Why would you buy a bond with a certain loss over say 10 yrs?! Perhaps if you knew that the alternative to that was by far worse!! e.g. you wouldn't lose your capital in a Bund but elsewhere there's a good chance you might. Gold Gold? Crypto? Silver?
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Shared on twitter. Stephen
#Promo-Steem
https://twitter.com/StephenPKendal/status/1110252471597875202
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I fully agree with you... I've seen it repeatedly and heard it repeatedly, "Not my problem" ... But next day they all go back work and they all try get more this valueless money .
And the more I try to talk about it, the more they get angry.... this makes me feel like this story 100 % ...
I BELIEVE that you know this story :)
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