The International Monetary Fund issued a bold and stark warning to governments around the globe. If these governments want any hope at all of surviving the next global economic recession, they had better get their debt under control.
While the financing of the debts held by governments is not a huge problem currently, that could change at any time. Any economic downturn in which the general population stops making as much money could present a problem for governments, as they rely on theft to maintain their existence.
According to Market Watch, public debt ratios are now “significantly higher” than before the global financial crisis across the globe, and governments need to get their fiscal houses in order ahead of the next global downturn, the International Monetary Fund said Wednesday. “Fiscal policy needs an upgrade,” said Victor Gaspar, director of the IMF’s fiscal affairs department, at a press briefing after the release of the latest fiscal monitor report.
But there’s no way any government will get their spending under control. Doing so would require a relinquishment of power and control over the people they steal from and extort. Once in power, it’s not given up willingly.
At the end of 2017, the total public and private debt reached a whopping $184 trillion or 225% of global GDP. While this debt crisis is upon us and as expected, no amount of warning will get politicians to cut back or reign in their ridiculous spending. In fact, most Democrats running for a position of political power over others want to increase the debt astronomically by adding additional spending, such as the Medicare for All plan.
Advanced economies have levels of public-debt-to-GDP ratios that are close to unprecedented in peacetime, the IMF said. While individuals are also saddled with a heavy debt burden, everything seems smooth for right now because of the interest rates. The low interest rates are helping to make it easier to finance these high debt levels, so governments and individuals continue to pack on more.
https://www.shtfplan.com/headline-news/global-debt-crisis-deeply-indebted-japanese-want-to-go-even-further-in-debt_04022019
“Financial conditions are volatile and they can turn abruptly,” Gasper noted. “There is no scarcity of financial crises. The risks associated with the rollover of high levels of public debt have not gone away and those are the risks that we believe finance ministers would be well advised to manage carefully,” he added according to Market Watch. “In this environment, fiscal restraint is generally recommended,” Gaspar said.
This massive public debt endangers the pensions and retirement promises as well as the jobs of those who currently work for any government. It could cause a major problem and be wholly impactful during the next recession, and the IMF is keenly aware of this.
Debt is a slippery slope and one small move can crash the entire debt-based system. There is no possible way for everything that is owed to be paid back, nor will the government and their enslaved minions agree to financial cuts necessary for an economically sustainable future.
Given that most if not all of the Top 20 economies are hopelessly OUT of control, I doubt the IMF instruction will make any difference.
PREPARE!
Nobody is listening until there is no more toilet paper around, and the stores are all cleaned out also.
Then the dopes will wake up and find themselves in a depression.
Under control??? Ha ha ha ha ha ha ha. That will NEVER happen! By the way, 10oz. Sunshine silver bars are on sale at JM 😀
I usually buy silver at spot price or try to. But ebay has a collection of .999 1 oz silver rounds with beautiful naked women on them. Nothing better than precious metal with big tits and ass to behold. Something different that would no doubt trade well.
Ya but the reason I now get sunshine mint stuff is because of the anti-counterfiet feature. There have been instances of fake bars circulating around. If the price of silver ever explodes people will want reassurance that what your selling is real before forking out all that cash. I already have my collection of cool bullion coins so now it’s all about easy to sell and identify stuff.
The National Debt is NOT the People’s Debt. Its the Congressional Members Debt. Divide that debt between the 500 Congress representatives. And if they fail to pay it back, we seize their personal assets, we take all of their property and assets. Then hang them from light poles for treason.
That is the stupidest statement I’ve ever heard. It would take a million years to pay back what’s already owed. Better to just say fuck it and begin again.
This putz takes his orders from retardlegard. A lucafarian occultist witch. One day they will pull the plug on the global economy, so out of its ashes they can get their one world global currency.
Does anyone else see this as the heroin dealer telling his addicts “You better slow down on those injections or there’s big trouble ahead!”
Be as debt free as you can to keep the thieves (bankers and politicians) at bay.
“When The Levee Breaks”
If it keeps on rainin’, levee’s goin’ to break
If it keeps on rainin’, levee’s goin’ to break
When the levee breaks I’ll have no place to stay
Mean old levee taught me to weep and moan
Mean old levee taught me to weep and moan
It’s got what it takes to make a mountain man leave his home
Oh, well, oh, well, oh, well
Don’t it make you feel bad
When you’re tryin’ to find your way home
You don’t know which way to go?
If you’re goin’ down South
They got no work to do,
If you don’t know about Chicago
Cryin’ won’t help you, prayin’ won’t do you no good
Now, cryin’ won’t help you, prayin’ won’t do you no good
When the levee breaks, mama, you got to move
All last night sat on the levee and moaned
All last night sat on the levee and moaned
Thinkin’ about my baby and my happy home
Going, going to Chicago…
Going to Chicago…
Sorry but I can’t take you…
Going down… going down now… going down….
lol…the colors!…the colors!
IMF WARNING TO GOVERNMENTS: Get Your Debt Under Control Before Next Recession! B.S. we are the IMF. Where in the hell do people think the money comes from the sky? No it comes the American tax payers.
Sgt.
Cut just one cent off the going trend of the past growth of the new debt and you’re in deflationary recession.
Debt is just a tally stick, and without money, … mac don’t understand, what’s the point, I tried to teach the idiots here.
Globalist posturing. They already have their scapegoats in place: controlled accomplishers in Trump Congress and the US military, nationalism, borders, cash and Deplorables.
The handful of Americans who believe in liberty, self-reliance and free markets have no dog in the fight. That said, hope lies in God-given liberty being restored in areas of former America.
Actually this debt problem is EASILY fixed!
The President should give the Treasury a call and tell them to issue $22 TRILLION of new 100 year (1000 year?) Treasury Bonds.
He should then give the proceeds to the American people at the rate of US$67,000 for every man, woman, and child.
So that woman on Food Stamps with 6 kids will be RICH!
This will increase the money supply and trigger inflation at the REAL rate required (222%) to get rid of the debt in about a year.
See I told ya it was easy!