Global debt has hit an eye-watering $215 trillion... and COUNTING!

[singular_me]

and counting... if that amount is as real as the american national debt (short term debt), the planet could be at least 500 TRILLION into the red.

what is the value of any cryptocurrencies, of just anything, at this stage ???

====================================
Global debt has hit an eye-watering $215 trillion
Business Insider Australia

Apr. 4, 2017

Global debt levels soared over the past decade, with the vast majority accumulated by emerging market nations.

According to figures from the Institute of International Finance (IIF), global levels of debt held by households, governments, financials and non-financial corporates jumped by over $US70 trillion in the past decade to a record high of $US215 trillion, equating to 325% of global GDP.

Here’s what that increase looks like, looking back not only over the past decade but also to the decade before.

http://www.businessinsider.com/global-debt-staggering-trillions-2017-4

wallstreet bull = biblical golden calf = worship/love of money before God

Bullishness is speculation on hopium

https://www.youtube.com/watch?v=Nk3hB7ma0iA

[crimethink]

Add in the Wall Street Casino's derivatives & other sorcery-based "financial products," and global debt is like over $1,000,000,000,000,000 (one quadrillion).

[old steel]

Weed will get you through times of no money but money won't get you through times of no weed.

[cheka.]

Add in the Wall Street Casino's derivatives & other sorcery-based "financial products," and global debt is like over $1,000,000,000,000,000 (one quadrillion).

dont derivs have 'persons' on both sides of the bet - so they roughly cancel out?

[crimethink]

dont derivs have 'persons' on both sides of the bet - so they roughly cancel out?

I don't think like a demon, so I don't fully understand these sorcery-based "financial products."

[jcismylord]

Ain't no wonder the debt is hitting new highs all over.

the mafia is playing the same game over again

they have been "borrowing" from the FED at close to 0 percent, then they have been turning around and "investing" into anything that yields over 0% return.

playing on the margin.

costs them nothing of their own money

that's why the global debt is so high

that's why everything is in the bubble anywhere you look

one got to understand that there are two components that enable the entire scam

One component - ability to borrow the money cheap and then buy anything that produce yield

But, one got to be mindful of - what if the price of underlying vehicle goes down, be that a bond or a stock or whatever

think if the market crashes and the prices of underlying vehicles goes down - one can get in trouble, as one will not be able to repay whatever one borrowed from the FED

but no big deal they think - there is a way around - there is a way to protect against that

just go to the derivative market and buy insurance against the move down

and then you will be fine, you will be golden

then you just sit and watch your money grow

sucking blood from everything, ha ha

that's what they, all them speculator boys think

that's what all those boys do. right now, even today

that's why all bonds, all stocks, real estate, and everything is high on steroids

but, there will come the unwinding day, the saturation moment

the day, when every worthless piece of paper with next to no earnings and no dividends ever, will start moving down down down fast

and surely, all them boys will run fast to collect on their derivatives

and all them will discover that there is no money in the Universe to pay them all their derivatives that all got triggered at the same time

that's when all the big banks will get in trouble and will run to the governments - begging for a bailout and threatening to all of them go under

and the news media will again will be blabbering about "banks have no confidence in each other" BS

and the gold will shoot up again as it did bebore

and it will shoot up and up and up again

the same way it did after the 2008

easy way to make money for anyone with the brain, dudes

[midnight rambler]

dont derivs have 'persons' on both sides of the bet - so they roughly cancel out?

Those are bets aka gambling, just remember- the house always wins.

[Neuro]

dont derivs have 'persons' on both sides of the bet - so they roughly cancel out?

Yes, but the problem is when the counter party can't cover their bet, which practically happened in 2008-9, and the federal reserve had to step in and provide the necessary "liquidity", to the tune of $20-30 Trillion, until the "market" stabilized. Next time around it will probably be necessary to inject somewhat to the tune of world GDP or more, and they will do it, to save the banks that own the fed. I wonder what that will do to the value of "money"?

[Neuro]

easy way to make money for anyone with the brain, dudes
Sure nominally you may make "money", with gold and silver, but if you can keep your current money's purchasing power vs food, I think you have done very well. Sure some asset classes like inner city real estate, diamonds and Gucci bags, you can get at a tenth or a hundredth of current price in gold, but who would like that in society collapse?

[Horn]

Well if bitcoin goes to $500k that means gold and silver should go to $60 and 0.50 respectively.

[singular_me]

hahahahaha... excellent :) I think McAfee will have to swallow his d*ck

bitcoin folks are in deep euphoria.


Well if bitcoin goes to $500k that means gold and silver should go to $60 and 0.50 respectively.

[Joshua01]

http://i.4cdn.org/pol/1502205649614.jpg

A bit of history about how we got here!