Global debt bomb pending

Posted by $ blarman 1 month, 1 week ago to Economics
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Why will that bomb go off? Because every time there has been a massive depression like this, the elites have profited in a big way. They WANT the economy to explode because they directly profit by being protected (through bailouts) from the fallout (most of which is caused by them) and because it allows them to loot the taxpayer and buy up all the now-devalued assets at cut rates. It would also be the perfect time for a one-world government to attempt to take over.

The only way this is stopped is if enough of us simply refuse to play their game and refuse to go along.
SOURCE URL: https://www.marketwatch.com/story/our-debt-time-bomb-is-ready-to-go-ka-boom-2010-02-02


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  • Posted by $ 1 month, 1 week ago
    PS - the reason I posted this was because Bloomberg reported that global debt increased last year by almost $20 TRILLION. The only solution is to devalue the currency - ie massive inflation - which will create a massive depression.
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    • Posted by $ Commander 1 month, 1 week ago
      "Too much change in too little time. And for those who are not prepared, the effects will be devastating"
      Orson Wells narrating Future Shock in 1972.
      I started investing in food producing properties, and production infrastructure 3 years ago.
      What I can produce myself is inflation proof.
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      • Posted by $ 1 month, 1 week ago
        I commend you. The closest thing I have is a dairy right next to the subdivision and some barren property my uncle lives on about two miles away - and that's if we can get the water to irrigate it.
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        • Posted by $ Commander 1 month, 1 week ago
          Thanks
          Look for 55 gal plastic barrels to preserve your water, or 275/330 gal totes. Collect your rain water.
          Raised garden beds produce ample food. Canning supplies. I know, Dobrien and myself, recommend Billy the PIMP (Permaculture is my Passion) ;) On that note: I just rendered 25 pounds of lard and will be receiving another 50 from those who looked upon it with disdain! LOL....free. Lard is one of the best ways to reduce Omega 6 in your diet....get away from veg oils.
          Look to those whom you may be interdependent with, regarding your labor and procurable infrastructure.......PREP.

          I am offering community gardening opportunity on my lands now. I just met my pork producer yesterday, and will be negotiating a trade for all my fruit mash as feed in the future. I delivered 5 bags, of 15, of vermiculite to one of my associates; the other ten will go into the raised beds I am making over this winter. The frames for these beds are cut raw from city wood taken down by tree trimming associations. I bring the wood to my Husband-in-law (ex-wife's new hubby) and we mill dimensional and select slabwood for resale to furniture makers.

          I offer the above as a methodology of enjoining with others. My specifics and yours are different, but all with the same goal.
          Equitable Interaction. Mutual interdependence builds trust and prosperity.....the best safety net imaginable.
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          • Posted by Lucky 1 month ago
            Water storage, caution. Some plastic materials are not suitable for drinking water.
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            • Posted by $ Commander 1 month ago
              Thank you. Non-potable storage only.
              Yesterday's...event.. Joined by a couple, bio-chemists with 30 years each experience as pharmacists.....now..Farm-Assists. And only half a mile from me in residence.
              My Gulch is forming well beyond expecations
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          • Posted by 25n56il4 1 month, 1 week ago
            I understand AOC thinks we should not eat chicken and pork. Is she nuts or what?
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            • Posted by $ 1 month ago
              She doesn't have enough brains to have gone insane in the first place. She's just not that intelligent - despite theoretically graduating with an economics degree from Boston University! (It's clear that she didn't learn anything there.)

              AOC and several like her ("The Squad) are all communist shills put in by the Young Turks. They freely admit that they don't have the brains of a common garden rock. They auditioned for the part they are playing and now - like our new "president" - are being controlled like puppets on strings.
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  • Posted by dave42 1 month ago
    Published: Feb. 2, 2010 at 12:01 a.m. ET. The article is almost exactly 11 years old. Apply egg to face.

    Never underestimate the ability of politicians to kick the can down the road.
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