Debt Clocks Tell the Story: Vicious Upward Debt Spiral Gaining Momentum – Take a Look
Lorimer Wilson * Munknee.com
A vicious upward debt spiral is gaining momentum. The budgets of most advanced economies, excluding interest payments, need 20 consecutive years of surpluses exceeding 2% of gross domestic product – starting now – just to bring the debt-to-GDP ratio back to its pre-crisis level.
[The following information is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample here – register here). This paragraph must be included in any article re-posting to avoid copyright infringement.]
As accessed from Wikipedia, according to the Bank for International Settlements, if only one of the following three events were to occur, the increased financial burden imposed by ageing populations and lower growth would make it very unlikely that indebted economies would be able to grow out of their debt problem:
- government debt is more than 80% to 100% of GDP;
- non-financial corporate debt is more than 90%;
- private household debt is more than 85% of GDP.
The Boston Consulting Group (BCG) adds that if the overall debt load continues to grow faster than the economy, then large-scale debt restructuring becomes inevitable.
To prevent a vicious upward debt spiral from gaining momentum the authors urge policy makers to:
- act quickly and decisively
- aim for an overall debt level well below 180% for the private and government sector
- based on the assumption that governments, nonfinancial corporations, and private households can each sustain
- a debt load of 60% of GDP,
- at an interest rate of 5% and
- a nominal economic growth rate of 3% per year. Lower interest rates and/or higher growth would help reduce the debt burden further.
- based on the assumption that governments, nonfinancial corporations, and private households can each sustain
Source: Wikipedia
To see an up-to-the-second visual of the debt picture visit the links below:
1. World (by country): http://www.usdebtclock.org/world-debt-clock.html
2. U.S.A.: http://www.usdebtclock.org/
3. Canada: http://www.nationaldebtclocks.org/debtclock/Canada
4. U.K.: http://www.nationaldebtclocks.org/debtclock/unitedkingdom
5. Australia: http://www.nationaldebtclocks.org/debtclock/australia
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Whistler Blowers, Insiders
As a percentage of the economy, the debt is much less than it was in the 40′s and 50′s. Something has to be done, I agree. But stop pretending that the issue is was it is not. Also, did you notice that the deficit is SHRINKING at a record rate. Let’s keep this going. The facts are the facts. The deficit is still too high, but it is moving in the right direction-toward the balanced budget Bill Clinton left for G.W. Bush.
The Federal debt really equals private U.S. dollar ASSETS, just from the boring definitions of national accounting. Where do you think the money in your retirement accounts and pension funds comes from?
http://www.pionline.com/article/20130626/DAILYREG/130629908
http://research.stlouisfed.org/fred2/graph/?g=mzu
http://cnsnews.com/news/article/terence-p-jeffrey/treasury-under-obama-us-govt-debt-held-public-90
If anything, the debt increase looks like responsible planning for the financial needs of the retiring Baby Boomers.
I was responsible for tracing Financial Instruments. I can not only tell you I can prove it…that ‘debt figure’ they keep propagandizing as “Our Debt” is Fraud. The fraud is so deep, so blatant and so pervasive, in other words it is in every single instrument ‘Bill’ you receive from the Electric Bill to the receipt you get at the gas station after filling up, its a wonder that people still think that “America” or ‘Greece” or any where else is failing because of ‘Debt’.
They are counterfeiting by the hundreds of millions, Securities Instruments, that are directly tied to the 4th Amendment “Bond”. “RoboSigning” is Identity theft, and they are signing our names and SS# to these instruments and cashing them. Everything from our mortgages, to the items you buy as commodity goods produce a receipt that they can ‘Convert’ into cash in this manner. Although it is illegal, against all the State and US financial codes, the Attorney Generals & Justice & SEC are allowing them to do this – Because it is being run by the FED’s who are tied to the Holy SEE. This is why the CFPB and other so called ‘consumer protection’ branches are failing to stop this theft.
They have also altered the documents to say “Debtor”, when in fact you are the sole ‘Creditor’ of these accounts being stolen. This is not just proven by Forensic Investigation of the Instruments…This information was provided by the Comptroller of Currency himself, in his letter in 2005. The “TRUSTEE BANKS (incorporated/all caps) Lend no Bank money, nor loss no bank money” for Mortgages or Credit Cards. It was your own money that they stole, then charged you a fee to use! They have been given the right to escalate those fees with impunity until all the cash from the nations is extracted. “Covet Means” is when they alter the Legislative Law (PAPAL), the Money System (ROYAL) and the Merchant Pricing (FEDERAL) in order to create a specific system of default on a Target they Coveted. This is why it was known as a “Specific system of Warfare used by the COVENS of AZAZEL(defined as the ‘PAPAL, ROYAL, & FEDERAL), with Premeditated Intent to cause Mass Murder of the Society” and we made it punishable under Common Law, by the Death Penalty.
Yellow Rose, you are so right, but the holy see is just another minion and not the main controller. The controllers are the khazars who are integrated into the black nobility, the German illuminati, The bankers of course, and finally the Bilderbergs and netherlands. Rothschild and Rockefeller are the operational managers and Israel is the military arm of those groups and land grabbers. They will globalize using deception as they so proudly state in the protocols they created as a blueprint for world domination all the way back to 1897. Even Weishaupt was a front and not the true creator of the illums. In the protocols they clearly state they will use the Catholic church and the freemasons to blame for their deceptions…. and so far they have infiltrated those groups and set them up. However, people are waking up and it is causing them grief, since they can get away with nothing anymore. They are so far behind it isn’t even funny. Now they are desperate and are cornered like rats, so they will come out and strike hard. Just be ready.