November 27, 2023

Bankrupting the World

John Madric

Global debt = $307 trillion.

That's $38,000 for every human alive, including the 6 billion people that make up the Third World.

To whom is this money owed?

Who has the funds to lend out nearly 15 times America's GDP? And how is this money expected to be repaid?

Just how much is $307 trillion? If I gave you $1 million EVERY MINUTE, it would take you some 14 thousand years to accumulate $307 trillion.

Tim adds:

Debt transfers wealth from the working class and enterpreneurial
class to the rich. It's a titanic money grab. This is how serfdom and feudalism is reborn.

Posted by: Timothy Birdnow at 11:17 AM | No Comments | Add Comment
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