Shocking video of the imminent economic collapse and next Great Depression.
Temporary prosperity that is created by exploding levels of debt is not actually prosperity at all. At this moment, the U.S. government is 22 trillion dollar in debt, and we have been adding an average of more than a trillion dollars a year to that debt since 2009. And if we stay on the path that we are currently on, the trajectory of our debt will soon accelerate dramatically causing the biggest economic collapse in our lifetime.
In fact, as you will see below, the Congressional Budget Office is now projecting that the U.S. national debt will reach 99 trillion dollars by 2048 if nothing changes. Congressional Budget Office projections always tend to be overly optimistic, and so the reality will probably be much worse than that. Of course we will never actually see the day when our national debt reaches 99 trillion dollars. A major economic collapse and the biggest stock market crash will happen long before we ever get to that point. In our endless greed, we are literally destroying America, and emergency action must be taken immediately if we are to survive.
Let me try to put this into perspective. Not too long ago, Venezuela was once one of the wealthiest countries in South America. These days, many Americans like to laugh at them, but we are on the exact same path that Venezuela has gone down with their horrific economic collapse. Eventually, the day comes when there is not enough of someone else’s money to spend, and suffocating levels of debt make the option of printing giant mountains of money too tempting to resist. At that point it is just a matter of time before a huge stock market crash and society devolves into chaos.
The same principle is going to also apply on a global scale. The U.S. government is now more than 22 trillion dollars in debt, and the entire globe is now more than 250 trillion dollars in debt, and global economic collapse is coming.
Twenty years ago there was $40 trillion of debt in the world today there is $250 trillion worth of debt in the world.
It would take an unprecedented effort to turn things around, but right now hardly anyone seems concerned about bringing all of this debt under control. So we continue to roll on toward our date with economic collapse, and most people are completely oblivious to what is about to happen to us. A horrific stock market crash and economic collapse is coming.
COURTESY:
Script: Michael Snyder http://www.theeconomiccollapseblog.com
Music: CO.AG Music https://www.youtube.com/channel/UCcavSftXHgxLBWwLDm_bNvA
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Epic, you sound as if you were born, educated among the elite. How many languages do you speak?
Velmi rychlí odchod na hnojišt? d?jin vám všichni p?ejeme slavná USA !
Don't worry Donald Trump has the magic wand for the debt crisis
starting to wonder if the whole debt thing is just another hoax. what proof do we have?
I wish I could wake up one day and be the only person on earth…so I can sleep naked on the roof of my house and take a huge $hit in isle 6 at Wal-Mart. There she blows!
If government debt was really stealing from future generations, shouldn't that have shown up already from past debt? If we stop issuing debt and cut back on education, roads, etc What kind of future are we leaving for those genrations?
May be a Third World War can save the US?
THE DEBT DOESN'T MEAN SHIT WHEN THE PEOPLE POINT GUNS AT THE HEADS OF THE BANKERS
I appreciate the message you're sending through these videos but I also wonder how many different ways you think you could articulate the same message. Kind of like chanting a mantra. Maybe you could talk about what's to come after the demise of monetary system, the technologies that are coming online rendering human labor obsolete through automation and robotics, producing unlimited clean energy through nuclear fusion and dropping production cost to literal zero, entering a post scarcity world, resources abundance and distribution and a new resource based economy called RBE, etc.
So who is doing the lending?
Some yevvish scam bank lending out fictitious 'money' backed by hot air and unicorn farts?
And this criminals want actual money for their hot air? If so: Mander, s'ischt Zeit!
I dont think we have to worry about money collapsing as AI will keep circulating crypto currency thru algorythms propping up stock show. What we really need worry about is food, medicine and biowarfare