In this video, I talk with author and economic analyst John Sneisen about the recent breaking news that 14 trillion dollars in unreported global debt has been uncovered by the BIS (Bank of International Settlement).
While this is a disturbing story, in reality there is likely a quadrillion dollars in debt world wide, but all the same, 14 trillion is a lot of money.
With China's debt reaching an absolute breaking point and beyond alongside US debt as countries around the world create currency out of thin air, devaluing by inception and creating debt and inflation, there is no doubt that this will come crashing down very soon.
The whole goal is to push towards implementing a centrally planned global cashless society with the SDR (Special Drawing Rights) at the IMF.
This will lead to absolute control by central bankers at a global level and should frighten everyone.
A populace in debt is a populace in servitude.
See the FULL video report here:
We will continue to break these crucial issues down as they unfold. Stay tuned for more! Don't forget to Upvote & Follow!
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Hi joshsigurdson,
Thanks for the great content
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As always Josh. Great video. Shared on twitter. When those Derivatives are unwound AND THEY WILL....the crisis will make the 2008 Crisis look like a children's tea party. Keep up the great work Josh. Stephen
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Thanks Stephen! I agree, it's going to be messy! Best be prepared!
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So someone has made a quadrillion bucks from running printing presses 24/7!
In the words of O'Bomber, " there is a certain audacity in that!"
Spare some change?
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Lol. Global Debt. Humans are Silly.
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thank you for sharing.
@joshsigurdson let me follow you..
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surely this value is underreported too.
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Apparently, therefore, China began all this mess with bitcoins. If you buy a lot of bitcoins cheap, and sell at a peak - that's no debt :)
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