India’s Debt Armageddon Is A DISASTER! – Second Worst Debt Crisis In The World!

Josh Sigurdson talks with author and economic analyst John Sneisen about the unthinkable level of debt India currently faces. India is second only to Italy on the world stage and tracing back their history of vast central planning is an integral part of putting the puzzle together as to why they are facing this crisis.
When comparing their M3 money supply with the devaluation of the Rupee, it becomes clear that the vast demonetization made the problem that much worse and unmitigated.
While India has historically been an incredibly self sustainable country (also the second largest populated country in the world) and has had reputably impressive free markets, a few years ago, Modi gave the poor “free” bank accounts allowing the state to keep tabs on them and make free market exchange a lot more difficult.
Then, like clockwork, India demonetized vast amounts of money, going almost entirely digital allowing for tracking, ending the ability to properly trade on the free market without getting taxed, allowing the state to shut down accounts if they do not like the person and also inevitably stopping bank runs while allowing bail-ins in the case of a crisis, like the one we are currently seeing.
If your money’s in the bank, it’s not yours, it’s the bank’s. If your money’s always going through the bank via digital transactions and legal tender laws, it’s NEVER yours, it’s ALWAYS the bank’s and you are essentially owned by the government and banking system.
What we are currently seeing in India is a frog boil. An attempt to use the people, once very self sustainable as guinea pigs in order to create a vast dependent society, with little innovation outside of what the government allows. A far more worrisome global financial problem where the government and central bank is creating a testing ground for the IMF’s SDR world reserve digital currency, completely centralized.
This isn’t decentralized Bitcoin which the Indian government has been attempting to suppress. This is centrally planned blockchain technology. The differences are incredibly dangerous and vast.

Individuals must protect themselves and their purchasing power. There are solutions as noted in the video, but first people must be educated in these issues.

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

Josh Sigurdson
John Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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  • Smufter16

    Is there ANY country that does NOT have a debt crisis?….wow. Russia?
    Globalists have had a hand (directly or via shills) in all these simultaneous debt crises as it plays right into their long time agenda to impose a one world currency. This is to be avoided at all costs. Best scenario is sovereign countries remain as such and control their own currencies backed by metals. Allowing International Central Banking has been a disaster. Too much unelected and unaccountable control never ends well.

  • Filbert Tumbi

    Hi Josh/John,
    I am a great follower of yours, when you say « the money in the bank is not yours » I completely agreed, I was a victim (lose my money in one local bank) after that issue I decided to financially educate myself and today I am stock market traded, I have transfer my money to a brokerage account and time to time am partially trading with my money, the big question I have is « how save is the money in the brokerage accounts?
    Many thanks in advance

  • Damian609

    India just made a 21 billion investment in UK companies… India’s poor will suffer … there are many wealthy.
    The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade… Putin’s a charm.

  • Mrs kelly


  • RapistAndFalse ProphetMuhammed

    Fuck India ! We have the worst government today and a fake PM modi. The price of the rupee is continuously falling against the dollar

  • Richard Barton

    What I find hard to believe is that America is not on the top of the list with over 20 TRILLION. IN NATIONAL DEBT and approaching 200 TRILLION IN UNFUNDED LIABILITIES. The world is completely bankrupt and run by complete PSYCHOPATHS. WAKE UP

  • shox007

    Greetings from India!! Keep up the excellent work. I don’t know what I would do without you guys. I wouldn’t have the words to describe much of our predicament and get clarity on reality.

  • Never Gonnatell

    How can you escape the banking system and still conduct business efficiently? You can’t. That’s how you know you’re a slave to them.

  • Anubhab Biswas

    I am an Indian.I have excess lots of cash.Should i invest all my cash into a gold vault in Singapore?

  • Johnnybgood

    Italy has many excelkent corporations unlike Canada and India. Oh yes Italy has one of the highest gold researves in the World

  • Dharmendra Bhatt

    HI WAM Team, I love your discussion all time. thank you.
    just want to add following in your discussion.

    1 brazlian real = 2014- 27 rupee 2018 – 17 rupee
    1 canada doller = 2014 – 57 rupee 2018 – 52 rupee
    1 austlian doller – 2014 – 55 rupee 2018 – 50 rupee.
    1 euro – 2014 – 85 rupee 2018 – 80 rupee

  • 4711Express

    Well brothers from India, Josh has at least 3 spare rooms so 3 families or yours can have a stay there. The rest can sleep outside on the porch as you also do with plastic self made canapés to be protected from the rain as I did see in Mumbai city.

  • Kevin Schmidt

    Crytos of any tender are such bullshit. Blockchain is here to stay… a value of $.01 per coin. They’re here to stay, but this $6500 crap will never last….why? ANYONE with technical prowess can create a currency. What % of ICOs have gone bk? Why? Because its easy to copy.

  • Jim Mathers

    This shows how the banks can come up with any illusion or fantasy to keep things going or make up any new tool necessary at a moments notice. The insanity continues.

  • Schlau Urheber

    Money in the bank does not belong to you. You suggest gold and silver. But these items, if not stored in your possession, are not your’s either (only a fool would keep gold and silver in their homes in a lawless nation). Stocks and bonds are essentially worthless: no value when the USA is a broke-back (pervert) colossally indebted nation. The hand-writing is on the wall for the USA, Canada, Sweden, Norway, and Australia (Australia soon to become a subsidiary of China & Japan and will be forced by attrition to sell out to Red China when President Trump is no longer around) detailing their national decline and dissolution. What is the answer? This will cure the problem: Remove the Federal Reserve Bank; execute the Rothschilds’ and other banking criminals (especially G. Soros); stockpile gold and silver by the federal and state governments in order to re-substantiate the Greenback Dollar as the undeniable world-reserve currency, bar-none. Only permit state and local banking systems based on no usury or interest. Promote gold and silver ownership of each and every citizen whereby property rights are protected from state or federal thievery. All foreign aid should be discontinued; the UN should be branded a criminal organization with bounties on every UN member. The US Dollar MUST BECOME backed once again by plentiful gold and silver. Individual citizen rights should be restored to where anyone wearing a police uniform becomes a public servant with absolutely no authority over the rights of anyone (law will be enforced by the 2nd Amendment to the Constitution). These are just a few of what must happen to ensure the USA and Britain do not die a violent death in the near future. Without the greenback dollar, this nation will become a non-nation. Can you take that to the bank? Not until the above suggestions are implemented.

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