Mon, 23 Dec 2024 08:17:47 -0800WeeblySat, 14 Jan 2023 06:26:56 GMThttp://plim2.org/1-14_15-23_plim-blog_debt-debt-debt-is-everywhere/1-14-23_plim-blog_PLIM Financial Preparedness Notes
Sunday, 01-15-2023 
Dr. Lee Warren, BA, PLIM Inc. Founder & CEO 

Topic: Debt, Debt, Debt is Everywhere


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Videos of  the Day


Peter Schiff: Everyone Will Be Wiped Out In 2023
Everybody will be wiped out
T: 00:00-5:49


15 Interesting Facts Of The Screwed Up State Of The U.S. Economy
T 00.00- 5:02


Billionaire sounds alarm US headed in ‘appalling’ direction
T 3:32 -  5:32

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Debt, Debt, Debt is Everywhere
It’s coming and the vast majority of people in the world are oblivious to what’s coming. There is little preparation for it. 


The storm that’s coming will be one for the record books. It will encompass the whole world and governments will collapse. 


It will not be a physical storm of record torrential rain, flood and wind and the destruction of physical properties and lives.


This will be a collapse of the whole world’s financial and economic systems, as the Apostle John revealed in the 18th chapter of Revelation that Mystery Babylon will fall. 


“… So if Biden, as many believe, doesn’t make it to the end of his period, the US is likely to have a real leadership circus. Also, the US economy is chronically ill having run deficits for 90 years. What keeps the US alive temporarily is the dollar which is strong because it is the least ugly horse in the currency stable.”  
$2 Quadrillion Debt Precariously Resting On $2 Trillion Gold


These financial and economic system collapses are often referred to as depressions, as in 1890s, 1929, 2007-8, and the so-called CoVID-19 shutdown 3/2020 for the whole world.


These collapses are cyclical throughout history. 


“In a bankrupt global system, you reach a point when the value of printed money dies and whatever a leader promises can no longer be bought with fake money which will always have ZERO intrinsic value.” 
$2 Quadrillion Debt Precariously Resting On $2 Trillion Gold


Debt, debt, debt is everywhere: $300 trillion worldwide, with only $70 trillion in revenue. There is $31 trillion in US budget deficits not counting SS, Medicare and all other guaranteed debts  which total at least $150 trillion.


In addition to all of this debt worldwide, and in the US, there is an enormous amount of debt in terms of bets placed on everything from the rise and fall on interest rates, currencies, gold, silver, oil and other commodities. The total debt of the derivatives is at least $2 quadrillion.  See quote below.


“Just look at the last 50 years since 1971. Globally governments and central banks have contributed to the creation of almost $300 trillion of new money plus quasi money in the form of unfunded liabilities and derivatives of $2.2 quadrillion making £2.5 trillion in total."


As debt explodes, the world could easily face a debt burden of $3 quadrillion by 2025-2030, as the derivatives and unfunded liabilities become debt.” 
$2 Quadrillion Debt Precariously Resting On $2 Trillion Gold


Totally all of this debt is unpayable by any means and the only option is a total collapse and a reset of the system, a debt jubilee.  Many believe that digital money of the feds, CBDC, will solve the problem of eliminating all this debt.
The Quantum Apocalypse — when encryption banking stops working and the world's savings could evaporate — is 'just YEARS away', experts say 

Large portions of the US and the West, EU, UK are living on credit cards because their salaries don't cover they're living expenses. 'Problems created now will last generations': Cost of living crisis affects whole communities.

Here is the irony for nations buying gold even though central banks are moving to CBDC for their citizens.  Most nations’ central banks have bought more gold than at any time in the last 55 years.  See quote below.


Central banks buy gold at fastest pace in 55 years
Quoting, “The flight of central banks to gold “would suggest the geopolitical backdrop is one of mistrust, doubt and uncertainty” after the United States and its allies froze Russia’s dollar reserves, said Adrian Ash, head of research at BullionVault, a gold marketplace.”


“The last time this level of buying was seen marked a historical turning point for the global monetary system. In 1967, European central banks bought massive volumes of gold from the U.S., leading to a run on the price and the collapse of the London Gold Pool of reserves. That hastened the eventual demise of the Bretton Woods System that tied the value of the U.S. dollar to the precious metal.”


Inflation at record high
CPI - Consumer Price Index Jan. 12, 2023 ...
CPI one year ago - 6.5%
CPI one month ago - 7.1%

US Economy

Egg prices reach historic highs amid avian flu outbreak, inflation woes


Kroger Shoppers Reporting “A Lot Of Empty Shelves” Across Supermarket Chain Locations


Elon Musk Fan With 2,900% Gain Sees $1.5 Million Wiped Away


"There Is A Hurricane Coming!" - Reaction To RECORD Interest Rates On Credit Cards

Banks
JPMorgan CEO Predicts Total Banking COLLAPSE


Major Banks Just Reported Billions In Losses and Why This is Only the Beginning


Gold 

$5k gold in next bull run, but this big problem could 'tear societies apart'
Time  15:36-17:27


Tiny 40 Billion Silver Coin Market Top Hard Asset In Future
Time 12:54


**Gold Market Update - January 12, 2023 + Vancouver Resource Conference 2023   
T 12:4- 15:26


The Big Money is Moving Into Gold and Commodities.
T 5:32-8:48


Crypto 
91% Of Cryptos From 2014 Have Died, While Bitcoin Continues To Thrive.  







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