Global Debt Reaches CATASTROPHIC LEVELS! – This May Be PEAK Debt

Josh Sigurdson talks with author and economic analyst John Sneisen about the record breaking global debt level.
The numbers have been released. At the end of 2016, global debt reached record highs of $217 trillion. That’s 327% of global GDP, up 50 trillion over the past decade.
Then on January 4th, 2018, we saw the IFF global debt analysis report showing global debt rose to a record of $233 trillion at the end of the third quarter in 2017.
“$63Tn in government, $58Tn in financial, $68TN in non-financial and $44Tn in household sectors, a total increase of $16 trillion increase in just 9 months” according to Zero Hedge.

Now, the latest quarterly update shows global debt has climbed another 4 trillion dollars in the following quarterly.
It now stands at a record $237 Trillion, at least in the final quarter of 2017. That’s more than 70 Trillion Dollars more than a decade ago. Up 20 Trillion Dollars in 2017 alone!
This appears to be peak debt. It doesn’t have much more room for movement. This could end in a catastrophic global collapse. As we know, this is a problem of central banking. The global central banking system is getting desperate as we see the end results of mass centralization. All fiat currencies eventually revert to their true value of zero. They always have, they always will, going back to 1024 AD in China. Now we of course do not know when the crash will truly happen as the fundamentals are off the table due to the level of manipulation in the monetary system, but we know it will indeed happen. This is why self sustainability and financial responsibility are so important for individuals to maintain.

We will continue to cover this important issue closely. Stay tuned for more from WAM!

Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson
John Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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2018

“Find the truth, be the change!”

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29 Comments

  • Nazi 2018
    Reply

    Make sure you have a car and plenty of food and gasoline petrol or diesel which are essential to survive when the economic earthquake occurs .

  • Apple A
    Reply

    Everything is catastrophic, bankrupt & crashing. We need some positivity news in the world. Please! Is there any good economic outcomes, anywhere? I do like your Channel, Canadian perspective.

  • anisaampatuan
    Reply

    All of humanity works for money banks print out of thin air. Nice gig. Enforced by governments. Angry yet? Giant crime against humanity. Right up there with lying about exopolitics and zero point energy.

  • Daniel Howell
    Reply

    Raise chickens you’ll have plenty of eggs and eat a chicken occasionally make sure you have plenty of ammunition for varmints

  • D Ishappywithlife
    Reply

    This how the Financial post read today: Canadians warned to climb out of debt before it’s too late, as threat of cooling housing markets looms

  • Dean Di Mola
    Reply

    John please stop calling it fractional reserve banking. That system is dead and was far more stable than this banking system we have now. The banking model is now based on transactional banking. Banks simply create debt and trade it amongst each other, making profit off the margins. They don’t care where that debt goes… at least fractional reserve banking was relationship based and banks had more of an interest in their party they were lending to because there was a profit incentive to do so. Now they don’t give a shit.. why lend money with counterparty risks when they can trade and make money themselves? There is even less reserves than in a fractional reserved banking system so you’re giving fractional reserve banking an even more damaging reputation and you’re misdiagnosing the problem and we can all thank Clinton for this model.. Check this out:
    https://www.armstrongeconomics.com/qa/the-creature-from-jekyll-island/

  • Jocelyne Vienneau
    Reply

    FROM TERRY, PLEASE GOOGLE SUSTAINABLE DEVELOPMENT=AGENDA21, CANADA IS A CORPORATION NOT A COUNTRY , TRUDEAU IS THE C.E.O, NO JOBS, MUST LIQUIDATE HUMAN RESOURCE . SEE THE BACK OF YOUR BIRTH CERTIFICATE RED NUMBERS. G.M.O. FOOD CHEM TRAILS, FLUORIDE. ALL PART OF THE DEPOPULATION USING AGENDA21

  • Restretto Shots
    Reply

    Josh ,you overreacted a few vids ago. Trump is rooting out deep state and pedofiles. Look into Q
    You and John do great work ,Trump is NOT the deep state.

  • Mary Jose
    Reply

    To who we debt ??? To the emperor prince Rockefeller/Rothchild ?? I born with the only debt that I paid when I die , so I m free of debt and I never asked them for nothing my Credit is with my God and my parents .

  • eurosensazion
    Reply

    So when are interest rates in North America gonna reach 5% minimum and equity markets tank 50% and housing drops 30% so I can make some serious $$$ and buy in all market later and retire in my mid to late 30’s? I got zero debt and some assets and cash, worked hard. Time for the pay-off here.

  • Draža Milenkovic
    Reply

    My guess is this will also be blamed on the Russians.

    They’re conditioning us to think Russians are rigging our elections, spreading fake news, causing chaos and manipulation to “democracies” everywhere, so then I ask, what’s to stop the globalists from taking all our wealth and blaming it on Russia? What if you wake up tomorrow and it reads ZERO dollars on your bank account? Those damn Russians again!

  • Bill fred
    Reply

    If people buying houses creates debt and the banks make money off that then how is there no money? Where s it going?

  • doopy noo
    Reply

    Oh’ the central bank’s? That’s easy audit them bring them up on charges, (you pick it) seize their assets, and go back to the gold standard. How you say, RESET!!! BOOYAAHHH GRANDMA!!!

  • Pekka Rousu
    Reply

    Been thinking. All money is created by debt. Therefore it is not possible to pay back all debt because of interest, but large parts. When money is paid back it dissapears. BUT what would happen if everybody would pay back all debt if there is money enought.

    Or if a specific country, like Schwitzerland, would pay all debt in the country (governement, cantons, individuals, enterprises and banks debt). What would happen?

  • Mark Shirley
    Reply

    The sheeple get the government they deserve. Isn’t it interesting that the level of control THEY have over the masses was handed to THEM by the sheeple opening their greedy little mouths and swallowing all those low/no interest loans to the max. And as John points out, this is just history repeating itself. So who is really to blame for today? Baaa! And would you like a chip in your hand with that? Because when THEY decide it is time to roll THEIR globally intertwined debt-whale into THEIR cashless all-digital blockchain fully captured to space via 5G, Antichrist will have used the global crisis to enforce the taking of that mark in your right-hand, or lose your head for refusal. Game-over! My KJV Bible says this is not going to go back to anything good. Best one does the deal with God/Jesus over their sin with the only currency He will accept in that deal. Jesus blood.  That commodity pays out of this world dividends for eternity! Do that deal SOON! BOOM!

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