Bankrupt World governments owe 41 trillion US dollars

When the major global governments can no longer pay their bills, there is no other solution than a Super Government.

While Obama is downgraded to AA+, the World still needs to bring the German economy into the debt trap.

The total amount of debt incurred by governments across the world jumped to a staggering USD 41.1 trillion last year.

This sum accounting for 69 per cent of global GDP, because of stimulus packages and anaemic economic growth, says a report.

“Public debt outstanding (measured as marketable government debt securities) stood at USD 41.1 trillion at the end of 2010, an increase of nearly USD 25 trillion since 2000. “ This was the equivalent of 69 per cent of global GDP, 23 percentage points higher than in 2000.

In just the past two years, public debt has grown by USD 9.4 trillion — or 13 percentage points of GDP,” global consultancy McKinsey said.

Last year alone, government debt accounted for about 80 per cent of the overall growth in total outstanding debt. According to the McKinsey report, government debt worldwide was USD 31.7 trillion in 2008.

Meanwhile, overall outstanding debt worldwide has more than doubled in the past 10 years to USD 158 trillion in 2010. In 2000, the same stood at USD 78 trillion.

“Debt also grew faster than GDP over this period, with the ratio of global debt to world GDP increasing from 218 per cent in 2000 to 266 per cent in 2010,” McKinsey said. Around USD 48 trillion of the total debt outstanding was that of governments and financial institutions.

In both the US and Western Europe in 2010, the ratio of public debt stood at more than 70 per cent of the GDP, the report said.

Source: Indian Daily Deccan Herald and PTI.

My comment:

To be able to establish a One World Government, the present Governments must derail their own national economies.

The published summary done by the Press Trust of India (PTI) is the best proof there is, that this derailment can not be stopped.

The money that the governments borrow, comes from private sector wealth. The Global elite of one per cent of the Worlds population, has managed to store up 40 per cent of the wealth on planet earth.

You do not have to be a racer, to understand what happen when the Governments goes bankrupt. Parliamentarian democracy will be replaced, by s small elite who take decisions. A few people and corporation with cash in “abundance” will set the new rules. The people who now run the show, will promote a New World President. This man will also lead all religions into unity, for the sake of “stability and peace”.

The Bible explains that this last anti-Christ, will be worshiped by all who have not surrendered, and given their life to Jesus the Messiah.

The last Super King will be a lawless man, who exalt him self and claim to be “god”. He and his followers are doomed.

 2 Thessalonians 2:3
Don’t let anyone deceive you in any way, for that day will not come until the rebellion occurs and the man of lawlessness is revealed, the man doomed to destruction.

When Jesus comes back, they will be sent to a horrible place where there is no exit. This is the place named Hell.

Written by Ivar

Stage managed stories used by Hamas to accuse IDF-soldiers of behaving like Nazis

Organizations like Human Right Watch listen to witnesses in Gaza who fake or stage manage stories to make Media headlines against Israel.

 

An Israeli tank commander praying to God of Israel to help him avoid killing innocent people in the battlefield for Israels survival.

In May a Norwegian judge wanted to put the Israeli Government on trial for genocide based on this witness account from Operation Cast Lead in Gaza:

« There were two soldiers inside the tank. We could see them. One of them was eating potato wafers, the other was eating chocolate. We waited on orders from them. Than a third soldier came out of the tank, and shot against the children. I was carrying my dead children, and the Israeli soldiers came out of their tank laughing».

This testimony was given by a an Arab Muslim named Abed Rabo, It was recorded as an «eye witness account» from a claimed to be attack from an crew of an Israeli tank:

The Norwegian judge is quoted by the Norwegian newspaper saying:

«This is only one example of Israel`s cruel war against the Palestinian people».

Source: The Norwegian daily: «Dagbladet»:

My comment:

The IDF and Israeli military forces did surely committed mistakes in Operation Cast Lead in Gaza. But which national army can be flawless in a fight against Islamic terrorists, who are willing to blow up them selves and innocent people in suicide attacks?

This Arab Muslim testimony of the behavior of the crew of the Israeli tank is «science fiction».

First:

From outside, you cant see into an Israeli tank on the battlefield.

Second:

Israeli soldiers will never eat «potato wafers» in the line of fire. Neither would you do, in specially if you were inside a tank in a war zone, were anti-tank fire can take you life in the very next next second.

Third:

Israeli soldiers have done its best not to harm the civilian population of Gaza.

And last:

Israel is fighting an enemy that are willing to kill their own children, and put the blame on Israel. There are independent reports, that Hamas has used the children in Gaza as human shields, during attack on Israeli military unites.

As usual, when International Media reports from Israel, there is no Israeli sources who are allowed to defend the IDF. That is at best bad reporting.

Read the story about the Norwegian newspaper and the Norwegian judge: Click here

First published August 16th, 2009.

Written by Ivar

Cartoon of the day # 226

A good Cartoon often tells the story in a better way than 1000 words