politics for the 99%

… 24 nations are currently facing a debt crisis – Published on Activist Post (first on Economic Collapse, May 17), by Michael Snyder, July 16, 2015.

There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment.

As you are about to see, there are 24 nations that are currently facing a full-blown debt crisis, and there are 14 more that are rapidly heading toward one.  

Right now, the debt-to-GDP ratio for the entire planet is up to an all-time record high of 286 percent, and globally there is approximately 200 TRILLION dollars of debt on the books. That breaks down to about $28,000 of debt for every man, woman and child on the entire planet. And since close to half of the population of the world lives on less than 10 dollars a day, there is no way that all of this debt can ever be repaid. The only “solution” under our current system is to kick the can down the road for as long as we can until this colossal debt pyramid finally collapses in upon itself.

As we are seeing in Greece, you can eventually accumulate so much debt that there is literally no way out. The other European nations are attempting to find a way to give Greece a third bailout, but that is like paying one credit card with another credit card because virtually everyone in Europe is absolutely drowning in debt.

Even if some “permanent solution” could be crafted for Greece, that would only solve a very small fraction of the overall problem that we are facing. The nations of the world have never been in this much debt before, and it gets worse with each passing day.

Excel Data analysis: … //

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Links:

Who ends up allied with whom in a ‘Pizza Parliament’? It may not be as simple as you think, on rabble.ca, by DAVID J. CLIMENHAGA, July 17, 2015;

Sahra Wagenknecht und Eckhardt Rehberg zum Reformpaket für Griechenland, 11.20 min, von phoenix am 17. Juli 2015 hochgeladen … aus den Bundestag;

walking along the Seymaz – Geneva, on Heidi’s privat photos, July 17, 2015;

Thatcher made secrecy pact with Saudi king over ‘corrupt’ arms deal, on Russia Today RT, July 16, 2015;

Sid Ryan on the unstoppable alliance of labour, environment and Indigenous groups, on rabble.ca, by STEVE CORNWELL, July 16, 2015: at the July 5 March … Sid Ryan, President of the Ontario Federation of Labour (OFL), sat down to discuss the emerging affinities …;

Blaming the Victim:,Greece is a Nation Under Occupation, on Dissident Voice, by Andrew Gavin Marshall, July 16, 2015;

Russia Sanctions: Sophie Co interview with Sahra Wagenknecht, Member of the german Bundestag, 23.31 min, uploaded by JCVdude, July 15, 2015 … there’s been a coup perpetrated around the globe. The New World Order or whatever you want to call it has taken over Governments work for the very few corporate elite, citizens no longer matter …;

on Geopolitical Analysis, by K.N. Pandita:
The farce of sidelines diplomacy, July 15, 2015;
Debating controversial resolution, July 3, 2015;
The art of subtle denial, June 29, 2015;

The ‘Greek Debt Deal’ Is Already Starting To Fall Apart, on Economic Collapse, by Michael Snyder, on July 14th, 2015;

The Labour party and movement have always been bigger than one person, on Left Foot Forward, by Sharon Hodgson, July 12, 2015: Why I am backing Yvette Cooper to be the next leader of the Labour party;

Egypt: Fascist moment, on Al-Ahram weekly online, by Abdel-Moneim Said, July 9, 2015. The “fascist moment”, like the “perfect storm”, expresses the nature of a period of time that sweeps into the histories of peoples and nations in a flash. It is a period of upheaval, quakes, hurricanes; a period in which events range out of control and in which the system, human or material, only regains equilibrium after great violence and destruction. Historically, the fascist moment arrived in the wake of major changes brought, for example, by the French Revolution and its repercussions, from the Napoleonic wars to the rise of labour and socialist movements. These triggered conservative backlashes that eventually turned racist against minorities in European countries and against “non-white” countries elsewhere …;

Grexit oder Transferunion in der Münchner Runde, 12.39 min, von Bananenrepublik1 am 8. Juli 2015 hochgeladen … es wird gesagt: ‘Deutschland als die grösste Geldwäschanlage Europas’ …;

Wer rettet den Steuerzahler - mit Dirk Müller und Sahra Wagenknecht, 25.26 min, von blo job am 25. Juni 2015 hochgeladen;

on KASHMIR and IDPs, by K.N. Pandita:
The ’joke of the decade’, June 20, 2015;
Yet another verbal spate, June 15, 2015;
The rubric of coalition, June 5, 2015.