GLOBAL DEBT $300 TRILLION PLUS $2.2 TRILLION OF DERIVATIVES & LIABILITIES
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. https://www.zerohedge.com/markets/2-quadrillion-debt-precariously-resting-2-trillion-gold
No doubt in my mind depopulation is one ruthless answer to unpayable debt. By ALL means possible. Covid. Lockdowns. Green policy. WAR.
Henry Miller, my old friend wrote (link below)
Money has no life of its own except as money. To the man in the street, unaccustomed to thinking of money in abstract terms, this obvious truism may smack of casuistry. Yet nothing could be more simple and consistent than this reduction to tautology, since money in any period whatever of man’s history has, like life itself, never been found to represent the absence of money. Money is, and whatever form or shape it may assume it is never more nor less than money. To inquire therefore how it comes about that money has become what it now is is as idle as to inquire what makes evolution.
[…]
Money, then, whatever its real nature, reveals itself to us through form. Just as hydrogen and oxygen reveal their presence to us in varying forms and yet are not themselves, either separately or combined, such as water or peroxide, so money, whether in specie or counterfeit, is always something inclusive, coexistent, consubstantial and beyond the thing manifest. In a profound sense money may be said to resemble God Almighty.
https://www.themarginalian.org/2014/08/04/henry-miller-on-money/
Whisk I pulled straight from Hedge. I am to blame for not proofing their error. However the principle remains that on little gold base debt is to big to allow to fail.
To walk in money through the night crowd, protected by money, lulled by money, dulled by money, the crowd itself a money, the breath money, no least single object anywhere that is not money, money, money everywhere and still not enough, and then no money, or a little money or less money or more money, but money, always money, and if you have money or don't have money it is the money that counts and money makes money, but what makes money make money?
Henry Miller