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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