Michael Snyder boils down how many of the events taking place mean a major financial collapse could be near

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Important Takeaways:

  • I suppose that congratulations are in order. It is no small feat to pile up a debt of $315,000,000,000,000, and we will never see a mountain of debt of this magnitude ever again after it comes crashing down.
  • Unfortunately, conditions won’t be relatively stable for long. Global events have started to accelerate significantly, and that is really going to shake things up in the months ahead.
  • According to a report that was just released by the Institute of International Finance, the total amount of debt in the world has reached a grand total of 315 trillion dollars…
    • The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance.
    • This global debt wave has been the biggest, fastest and most wide-ranging rise in debt since World War II, coinciding with the Covid-19 pandemic.
    • “This increase marks the second consecutive quarterly rise and was primarily driven by emerging markets, where debt surged to an unprecedented high of over $105 trillion—$55 trillion more than a decade ago,” the IIF said in its quarterly Global Debt Monitor report released in May.
  • …business debt is at a level we have never seen before
    • Business debt, which corporations use to finance their operations and growth, stood at $164.5 trillion, with the financial sector alone making up $70.4 trillion of that amount. Public debt made up the rest at $91.4 trillion.
  • [So what could cause the financial market to collapse?]
  • …during a recent interview with Greg Hunter, Chris Martenson suggested that a Chinese invasion of Taiwan could trigger a sudden meltdown of the bond market…
  • Meanwhile, both sides just continue to escalate matters in Ukraine.
  • It is being reported that French forces will soon be heading to Ukraine to help “train” Ukrainian troops, and that is a very ominous development…
  • The third major war that will greatly shake the entire planet is the war that has erupted in the Middle East.
  • Israeli forces keep going even deeper into Rafah, and the IDF and Hezbollah continue to exchange fire along the northern front.
  • In addition to military conflict, major pestilences are also a factor that could turn the global financial system upside down.
  • Earlier today, we learned that over 4 million chickens at just one farm in Iowa will have to be destroyed because of a bird flu outbreak there…
  • Please keep in mind that the figure that the U.S. Department of Agriculture is quoting is just for the United States.
  • Overall, hundreds of millions of birds have been killed around the globe since the beginning of this pandemic.
  • It is also being reported that a hemorrhagic fever that can cause “Ebola-like bleeding” is rapidly spreading among rodents in northern Europe…
  • On top of everything else, I believe that we should brace ourselves for unexpected natural disasters in the months ahead.
  • For example, our sun has been exceedingly active lately, and we are being warned that more coronal mass ejections may soon be heading our way…

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Michael Snyder points out that there are six Gigantic Solar Storms about to hit earth

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Important Takeaways:

  • Red Alert! 6 Absolutely Gigantic Geomagnetic Storms Are About To Hit Earth, And Authorities Won’t Know Their True Power Until Friday Night
  • A series of enormous geomagnetic storms is about to start pummeling our planet, and some of the most important technologies that we depend on are potentially at risk. For the very first time in nearly 20 years, the NOAA has issued a severe geomagnetic storm watch.  We were initially warned that “at least five earth-directed coronal mass ejections” were headed our direction, but now it is at least six.  These coronal mass ejections originated from Sunspot AR3664, which has now become almost as large as the infamous Carrington sunspot of 1859.  It is being reported that Sunspot AR3664 is nearly 200,000 kilometers wide.  That is about 15 times wider than Earth.  Six gigantic coronal mass ejections that have been unleashed by this sunspot will hit our planet over the next few days, but authorities won’t know their true power until Friday night.
  • Until authorities know the true power of these storms, we won’t know how much danger we are facing.
  • Hopefully this will turn out to be a minor event

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World told to brace for ‘severe geomagnetic storm’ today which could bring chaos to mobile phone networks, GPS satellites and power grids

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Important Takeaways:

  • At least five streams of plasma, known as coronal mass ejections (CMEs), are heading toward Earth, prompting the National Oceanic and Atmospheric Administration (NOAA) to issue a severe geomagnetic storm watch for Friday into the weekend
  • It follows a series of solar flares that began on Wednesday, tipping officials off
  • The prospective storm could cause disruptions to GPS, the internet and power
  • This is the first such alert aired since 2005 when Earth was hit with the highest dose of radiation in a half-century.
  • The ‘unusual event’ may also drape a huge portion of the country, as far south as Alabama, in colorful natural lights.

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