Sovereign Debt Crisis = Banking Crisis
Global Debt Hits A Record $247 Trillion…
“debtor nation meaning:
a country that owes more to other countries than other countries owe to it. –dictionary.cambridge.org
…If not this solution:
Debt JubileeDebt Write-offsDebt Forgiveness
Then what?
According to the Federal Reserve Bank of Minneapolis:
“Negotiations to restructure sovereign debt are time consuming, taking almost a decade on average to resolve.”
As the U.S. Dollar & Rates rally
The Sovereign Debt Crisis is still Simmering.
2008-2009 was only a small taste of the looming catastrophe.
Central banking is rotten at the core.
How will the nations respond as the U.S. Dollar and rates rise and the value of emerging market debt declines and the risk of default rises, making it more costly for emerging economies to repay their debts?
I have discussed the IMF’s plans and research papers for the “reset”, but who can say what will actually happen as plans may not go as planned by the globalists as social unrest and grassroots populism seek innovative alternatives…
This is not an accident, it is policy
∇
The crisis is building in debt rapidly.
Even the ECB came out and said it would stop its bond-buying program and only a fool would expect rates to stay the same. I seriously doubt, based on my sources, that the ECB can stop buying bonds without a major global crisis. Draghi will keep buying until he is out the door come October 2019. I seriously question if Draghi will be able to hold it together beyond the First Quarter 2019. –armstrongeconomics.com
WORLD’S LARGESTDEBTOR NATIONS(All Amounts In US Dollars) |
RANK |
COUNTRY |
EXTERNAL DEBT % OF GDP |
GROSS EXTERNAL DEBT |
GROSS DOMESTIC PRODUCT |
EXTERNAL DEBT PER CAPITA |
1 |
Ireland |
1,239.0 |
2.26 Trillion |
182.1 Billion |
478,087 |
2 |
United Kingdom |
451.4 |
10.157 Trillion |
2.250 Trillion |
161,110 |
3 |
Switzerland |
391.3 |
1.332 Trillion |
345.2 Billion |
174,022 |
4 |
Netherlands |
367.0 |
2.590 Trillion |
705.7 Billion |
154,820 |
5 |
Belgium |
353.7 |
1.457 Trillion |
412.0 Billion |
139,613 |
6 |
Denmark |
283.2 |
591.4 Billion |
208.8 Billion |
106,680 |
7 |
Hong Kong |
265.7 |
939.8 Billion |
353.7 Billion |
131,380 |
8 |
Sweden |
262.3 |
995.20 Billion |
379.4 Billion |
109,318 |
9 |
France |
254.4 |
5.632 Trillion |
2.21 Trillion |
85,824 |
10 |
Norway |
246.9 |
653.29 Billion |
264.5 Billion |
138,783 |
11 |
Finland |
244.8 |
478.84 Billion |
195.6 Billion |
90,984 |
12 |
Austria |
241.3 |
847.95 Billion |
351.4 Billion |
103,160 |
13 |
Portugal |
207.3 |
511.94 Billion |
246.9 Billion |
47483 |
14 |
Germany |
183.9 |
5.674 Trillion |
3.085 Trillion |
69,788 |
15 |
Greece |
178.9 |
546.92 Billion |
35.6 Billion |
50,792 |
16 |
Spain |
169.5 |
2.392 Trillion |
1.411 Trillion |
50,868 |
17 |
Australia |
139.9 |
1.283 Trillion |
917.7 Billion |
58,322 |
18 |
Italy |
136.6 |
2.494 Trillion |
1.826 Trillion |
40,724 |
19 |
Hungary |
110.3 |
216.16 Billion |
195.9 Billion |
21,706 |
20 |
United States |
99.46 |
14.959 Trillion |
15.040 Trillion |
47,664 |
§
Read:
The U.S. as a Debtor Nation: What It Really Means | The Heritage …
September 24, 1985 3 min read
http://thf_media.s3.amazonaws.com/1985/pdf/em92.pdf
Not A Accident, But A Policy
https://ronmamita.wordpress.com/2014/10/29/not-a-accident-but-a-policy/
Another Look At The Planet Of Debt
https://ronmamita.wordpress.com/2015/05/07/another-look-at-the-planet-of-debt/
‘There is not one single national economy in the world today whose people are free’
https://ronmamita.wordpress.com/2013/11/15/there-is-not-one-single-national-economy-in-the-world-today-whose-people-are-free/
The Sovereign Debt & Pension Crisis Expanding
https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/the-sovereign-debt-pension-crisis-expanding/
I collated Details About The Monetary System Reset – Includes De-dollarization & Blockchain Asset Digitization Digital Economy
https://ronmamita.wordpress.com/2017/08/10/i-collated-details-about-the-monetary-system-reset-includes-de-dollarization-blockchain-asset-digitization-digital-economy/
Ruling Class: Implementing Disruptive Policies & Technologies
https://ronmamita.wordpress.com/2018/07/06/ruling-class-implementing-disruptive-policies-technologies/
IN CONTROL OF THE WORLD, Because…
https://ronmamita.wordpress.com/2018/07/14/in-control-of-the-world-because/
Deconstructing Delays in Sovereign Debt Restructuring
Working Paper 753 David Benjamin Mark L. J. Wright Senior Vice President and Director of Research Published July 16, 2018
https://www.minneapolisfed.org/research/wp/wp753.pdf
As Global Debt Hits A Record $247 Trillion, The IIF Issues A Warning
https://www.zerohedge.com/news/2018-07-10/global-debt-hits-record-247-trillion-iif-issues-warning
Universal debt forgiveness and the imminent global debt jubilee
http://alcuinbramerton.blogspot.com/2011/06/universal-debt-forgiveness-and-imminent.html
4 Rules To Survive The Coming Worldwide Debt Default – Forbes
https://www.forbes.com/sites/johnmauldin/2018/07/24/4-rules-to-survive-the-coming-worldwide-debt-default/
Modern Debt Jubilee
http://moderndebtjubilee.blogspot.com/
The Future of Governance is not Governments
https://ronmamita.wordpress.com/2018/04/17/the-future-of-governance-is-not-governments/
Programmers & Engineers help us!
https://ronmamita.wordpress.com/2018/02/22/programmers-engineers-help-us/
Russia sold nearly all of its U.S. Treasuries
Title: Russia SOLD Billions of U.S. Debt! But What Did They BUY?
Posted 28 Jul 2018 by The Money GPS
Title: ARE YOU COMPLACENT? The Brewing Leverage Bomb…..by Lynette Zang
Posted 26 Jul 2018 by ITM Trading
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