“Nevertheless, the G-7 represents around 50% of world GDP, which totals
$30 trillion. But these countries have a total debt of $140 trillion,
which is a remarkable 440%
of their GDP. If you look back to 1998, the total debt of the G-7
was $70 trillion and their GDP was $30 trillion. So, Eric, debt has
doubled between 1998 and 2012, from $70 trillion to $140 trillion, and GDP has
only gone up by $10 trillion. What this means is that it takes $70
trillion of additional debt to produce $10 trillion of additional GDP.”
440%
aggregate debt to GDP for the G freaking 7!!. This is the math of the matter. It is what it is and nothing else
matters. All else is noise. This will implode or explode, period. It’s not even my humble opinion, folks. It’s just plain old common sense, math and
basic Ponzinomics. Either by deflation
which destroys the banks and corporations (and therefore jobs) or by massive inflation
(which helps indebted losers but which ravages the buying power of savings and
pensions and salaries that never keep up).
I don’t know which it will be and I don’t know when it will
happen. But I do know that it is an
exponential function. The chart below proves
I am right. I also know that as an exponential
function it tends to blindside everyone by happening faster than most can think
or react:
When it happens the sheeple will cry, “We never saw it coming”. But the truth is that anyone who wants to
know the truth can easily figure out what is going on. All you have to do is look at that
exponential debt chart. If that doesn’t
convince someone, and I hate to say this but I feel that it is important to do so, that person simply might not be worth
saving. Not everyone can be saved so I
prefer if that the ones who do get out alive are those people who “get it” anyhow.
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