Showing posts with label in the World. Show all posts
Showing posts with label in the World. Show all posts
Wednesday, February 14, 2018
Saturday, December 3, 2016
Jerusalem: The most controversial city in the world - Ron Cantor MESSIAH'S MANDATE
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Wednesday, October 12, 2016
The Total Amount Of Debt In The World Just Hit A Record $152,000,000,000,000 (152 Trillion) - Michael Snyder THE ECONOMIC COLLAPSE BLOG
Posted: 11 Oct 2016 Michael Snyder THE ECONOMIC COLLAPSE BLOG
If anyone ever asks you how much debt there is in the world, now you will know the answer. According to the IMF, the total amount of debt around the globe has now hit a staggering 152 trillion dollars. That is an amount of money that is almost unimaginable, and the IMF says that it is equivalent to 225 percent of global GDP. It is the biggest debt bubble in the history of the planet, and it is rising at an extremely alarming pace. Experts all over the world agree that when this debt bubble finally bursts, it is going to create an economic crisis on a scale that humanity has never seen before.
When I first saw this number I was absolutely astounded at how reckless we all have become, and I was also amazed that there was hardly anything about this announcement in the mainstream media in the United States. The following excerpt comes from a story in a major British news source…
When we borrow money, consumption is transferred from the future to the present. For example, if you put a 70 inch television on your credit card today, the quality of your lifestyle will immediately go up, but you won’t have that money to spend at some point in the future. In fact, you are ultimately going to pay back significantly more money than you originally spent for the television.
So when we go into debt, we are literally destroying the future one dollar at a time.
On a national scale, what we are doing to our children, our grandchildren and all future generations of Americans is beyond criminal. Thomas Jefferson and other founding fathers warned that government debt was simply thievery from future generations, and they were exactly right. If future generations get the chance, they will look back and curse us for what we have done to them.
Earlier today I looked up our national debt, and it is currently sitting at $19,688,773,606,117.54. That means that Barack Obama has officially become “the 9 trillion dollar man”.
When Barack Obama entered the White House, the U.S. government was 10.6 trillion dollars in debt, and now we are 19.6 trillion dollars in debt, and there is a very good chance that we could hit 20 trillion dollars by the time he leaves the White House on January 20th, 2017.
In a just society, the politicians that have done this to future generations of Americans would be going to jail, but instead we put them up on pedestals.
It is truly hard to grasp how much money “a trillion dollars” represents.
For instance, if you were alive when Jesus Christ was born, and you had spent a million dollars every single day since that time, you still would not have spent a trillion dollars by now.
Since Barack Obama entered the White House, we have been stealing more than 100 million dollars from future generations of Americans every single hour of every single day, and as Obama’s second term draws to a close the pace of that theft is accelerating according to Simon Black…
And I know that I have pointed the finger at Barack Obama a lot in this article, but the truth is that Republicans are highly to blame as well.
The Tea Party revolution of 2010 gave the Republicans control of the House of Representatives, and since that time they have also gained control of the Senate. Without Republican approval, Barack Obama would not be able to spend a single penny. The American people were counting on the Republicans to put a lid on the wild spending of Barack Obama and the Democrats, and the Republicans in Congress have completely failed.
Nobody wants to end the party. Because without a doubt, cutting back on our wild borrowing and spending would seriously damage the economy in the present, and nobody wants to be responsible for that.
So now the only thing to do is to keep the party going for as long as possible until it ends in a horrible, fiery crash.
Overall, the total amount of debt in the United States is now roughly equivalent to 350 percent of U.S. GDP, and a day of reckoning is rapidly approaching. Just consider what Charles Schwab’s chief investment strategist, Liz Ann Sonders, recently told Business Insider…
We definitely “hit a wall” in 2008, but it was just “round one” of our problems.
The coming rounds are going to be even more painful, but most Americans don’t understand this.
Most Americans seem to believe that our debt-fueled standard of living can be sustained indefinitely and that there is nothing to be concerned about.
Unfortunately, the laws of economics cannot be defied forever, and eventually the American people are going to experience economic and financial pain on a scale that we have never seen before in our entire history.
When I first saw this number I was absolutely astounded at how reckless we all have become, and I was also amazed that there was hardly anything about this announcement in the mainstream media in the United States. The following excerpt comes from a story in a major British news source…
The International Monetary Fund has urged governments to take action to tackle a record $152tn debt mountain before it triggers a fresh global financial and economic crisis.Right now the mainstream media in the United States is so obsessed with Trump and Clinton that almost every other important story is pushed to the side, but it boggles my mind how this cannot be major front page news.
Warning that debt levels were not just high but rising, the IMF said it was vital to intervene early in order to mitigate the risks of a repeat of the damaging events that began with the collapse of the US sub-prime housing bubble almost a decade ago.
It said that new research in its half-yearly fiscal monitor covering 113 countries had shown that debt was currently 225% of global GDP, with the private sector responsible for two-thirds of the total.
When we borrow money, consumption is transferred from the future to the present. For example, if you put a 70 inch television on your credit card today, the quality of your lifestyle will immediately go up, but you won’t have that money to spend at some point in the future. In fact, you are ultimately going to pay back significantly more money than you originally spent for the television.
So when we go into debt, we are literally destroying the future one dollar at a time.
On a national scale, what we are doing to our children, our grandchildren and all future generations of Americans is beyond criminal. Thomas Jefferson and other founding fathers warned that government debt was simply thievery from future generations, and they were exactly right. If future generations get the chance, they will look back and curse us for what we have done to them.
Earlier today I looked up our national debt, and it is currently sitting at $19,688,773,606,117.54. That means that Barack Obama has officially become “the 9 trillion dollar man”.
When Barack Obama entered the White House, the U.S. government was 10.6 trillion dollars in debt, and now we are 19.6 trillion dollars in debt, and there is a very good chance that we could hit 20 trillion dollars by the time he leaves the White House on January 20th, 2017.
In a just society, the politicians that have done this to future generations of Americans would be going to jail, but instead we put them up on pedestals.
It is truly hard to grasp how much money “a trillion dollars” represents.
For instance, if you were alive when Jesus Christ was born, and you had spent a million dollars every single day since that time, you still would not have spent a trillion dollars by now.
Since Barack Obama entered the White House, we have been stealing more than 100 million dollars from future generations of Americans every single hour of every single day, and as Obama’s second term draws to a close the pace of that theft is accelerating according to Simon Black…
In fact, for the 2016 fiscal year that ends in just ten more days, the US government’s debt growth of $1.36 trillion is on track to be the third biggest annual increase ever.How could we do this?
The only two years in all of US history that posted higher US debt growth were 2010 and 2011– the peak of the financial crisis.
Even more acutely, last month the US federal debt grew by $151.5 billion.
Not counting the financial crisis, and a few anomalous months following a debt ceiling reset, August 2016 was the single biggest expansion of US debt EVER.
And I know that I have pointed the finger at Barack Obama a lot in this article, but the truth is that Republicans are highly to blame as well.
The Tea Party revolution of 2010 gave the Republicans control of the House of Representatives, and since that time they have also gained control of the Senate. Without Republican approval, Barack Obama would not be able to spend a single penny. The American people were counting on the Republicans to put a lid on the wild spending of Barack Obama and the Democrats, and the Republicans in Congress have completely failed.
Nobody wants to end the party. Because without a doubt, cutting back on our wild borrowing and spending would seriously damage the economy in the present, and nobody wants to be responsible for that.
So now the only thing to do is to keep the party going for as long as possible until it ends in a horrible, fiery crash.
Overall, the total amount of debt in the United States is now roughly equivalent to 350 percent of U.S. GDP, and a day of reckoning is rapidly approaching. Just consider what Charles Schwab’s chief investment strategist, Liz Ann Sonders, recently told Business Insider…
Sonders noted that total debt — public, private, nonfinancial, and financial — had become 350% of gross domestic product, and that is already causing problems for the economy.And I very much agree with her.
“The question I get all the time is: When are we going to hit the wall? When are we going to hit the debt wall?” Sonders said. “I think we hit the debt wall in ’08, which unleashed a big round one of what I think will be a rolling set of crises — and not just in the US but globally.“
We definitely “hit a wall” in 2008, but it was just “round one” of our problems.
The coming rounds are going to be even more painful, but most Americans don’t understand this.
Most Americans seem to believe that our debt-fueled standard of living can be sustained indefinitely and that there is nothing to be concerned about.
Unfortunately, the laws of economics cannot be defied forever, and eventually the American people are going to experience economic and financial pain on a scale that we have never seen before in our entire history.
Tuesday, August 23, 2016
Detroit Has Gone From Being The Greatest Manufacturing City In The World To A Global Joke - Michael Snyder THE ECONOMIC COLLAPSE BLOG
Posted: 22 Aug 2016 Michael Snyder THE ECONOMIC COLLAPSE BLOG
Over the decades more than a million people have left the city, and thousands of abandoned homes have been torn down. But there are still tens of thousands of abandoned dwellings that remain standing, and some have sold for as little as one dollar in recent years. Once Detroit was the envy of the entire planet, but now it has become a global joke and in other countries they love to do news stories about “the ruins of Detroit” to show how rapidly America is rotting and decaying. Sadly, Detroit is far from alone, because there are other formerly great manufacturing cities that have declined just as fast as Detroit has. Earlier today, I came across a video that contains footage that someone recently captured as they drove through the city of Detroit at night. To say that the footage is disturbing would be a tremendous understatement… It has become known as a mecca of violent crime and poverty, and now a viral video is giving an unpleasant view of Detroit after dark.I would have liked to share the video with you all, but it is just way too graphic. There really are prostitutes lifting up their skirts in the video, and a man really is hit by a vehicle. If you want to watch it for yourself, it is very easy to find on YouTube. But please be warned that children should not be watching this. If you live in a peaceful rural or suburban setting, the kind of behavior displayed in this video may seem very foreign to you. In America today, it is way too easy to allow our televisions to define reality for us. But the warped view of reality that we get through our televisions is nothing like the real world. The real world is cold, cruel and very unforgiving. If you are in the wrong place at the wrong time, the real world will eat you alive. In the city of Detroit today, close to half the population is functionally illiterate, and one survey found that 60 percent of all children in the city are living in poverty. It has been reported that 40 percent of the street lights do not work, and as you can see from the video it is a very frightening place to be after dark. And don’t count on the police to help you. The size of the police force in Detroit has been reduced by about 40 percent over the years, and it has been estimated that it takes the Detroit police an average of 58 minutes to respond to a call. If it was just one major city where all of these things were happening, that would be bad enough. Sadly, the truth is that what is happening in Detroit is happening all over the nation. In fact, St. Louis and Memphis now have higher gun crime rates than Detroit does… The listing places St Louis above the notoriously dangerous Detroit which has topped the list in previous years thanks to the city’s high gun crime rate.Earlier this month, we saw how a major city such as Milwaukee can erupt in flames in just a matter of hours. And in Chicago, some of the major gangs have agreed to use automatic weapons and sniper fire in their battle against the police. A spirit of chaos and violence has descended on America, and things are going to get much worse during the months and years to come. Meanwhile, crime continues to rise in our smaller cities and in our suburbs as well. For a moment, I want you to consider a short excerpt from a recent Bloomberg article entitled “Walmart’s Out-of-Control Crime Problem Is Driving Police Crazy“… The call log on the store stretches 126 pages, documenting more than 5,000 trips over the past five years. Last year police were called to the store and three other Tulsa Walmarts just under 2,000 times. By comparison, they were called to the city’s four Target stores about 300 times. Most of the calls to the northeast Supercenter were for shoplifting, but there’s no shortage of more serious crimes, including five armed robberies so far this year, a murder suspect who killed himself with a gunshot to the head in the parking lot last year, and, in 2014, a group of men who got into a parking lot shootout that killed one and seriously injured two others.Did you catch that? This Bloomberg report says that there will be “hundreds of thousands” of crimes just committed at Wal-Mart stores alone this year. If people are behaving like this while times are still relatively stable and relatively good, what would things look like during a real crisis? Many people openly wonder what happened to Detroit, but it really isn’t much of a mystery at all. Over the decades, our politicians have stood idly by as tens of thousands of businesses and millions of good paying jobs have left the country. Our economic infrastructure has been absolutely gutted, and as a result formerly great manufacturing cities have become rotting, decaying hellholes. And it certainly doesn’t help that voters in many of these cities have willingly chosen to put radical leftists into power time after time. Unfortunately, it appears that the nation as a whole is about to hand the keys to the White House to a radical leftist that has a violent temper that is absolutely legendary. If she gets into power, that might just be the final nail in our coffin. What has already happened to Detroit is slowly happening to the entire country, but we never seem to learn from our past mistakes. So now we will suffer the consequences for our very foolish decisions, and it will not be pretty. |
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Friday, July 15, 2016
Most Famous Biblical River in the World Explored! ✡ "Now Arise, Cross this Jordan" - ISRAEL365
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