I found this article the other day from Foreign Policy. It covered some things we already know, but was a great reminder, the global economy is not healthy which they used to push The Great Reset propaganda.
The author came to the conclusion, that countries can no longer grow their way out of debt. I find that ironic since government never had an issue with it until now. In reality, the goal for years has been to in-debt nations for the days we now find ourselves in.
Foreign Policy states,
Conventional or even unconventional monetary policies are also unlikely to provide any relief—interest rates in most developed economies are already historically low and even negative, and central banks’ balance sheets are stretched from the policies they have followed since the 2008 financial crisis and expanded in the course of the pandemic. Piling debt on top of debt seems to have reached a dead end.
Most of us knew the shell game would not go on forever, and we seem to be reaching the final moments before the music stops.
Look what they say next.
A growing number of economists and policymakers are beginning to talk about the need to shift to a new, possibly digital monetary regime whose contours remain unclear.
Globalists like to call this The Great Reset. Many of us know, this moment will be seized to bring about a new world order government which will, in fact, fulfill a key portion of Bible prophecy.
This was my favorite part of the article.
A full-fledged debt crisis would be devastating to the whole global economy—and to the prospects for human progress.
That is exactly how this will be sold to the people of the world. I can hear the con men now,
Study and news with a fresh Christian perspective in your inbox.
“The global financial system is broken, this cannot be paid off, we must reset the system in order to save mankind”
Unthinkable for many just last year, it is now a reality many are beginning to accept.
Do you realize total global debt now stands at “an unsustainable 320 percent of GDP”?
Let’s translate that statement for everyone. This would be equivalent to you making $100,000 a year, but spending $320,000 a year.
How long could your financial house stand at that rate?
Not very long, that is for certain.
We should also factor in that almost 20% of U.S. corporations are “zombie companies”, which means, they cannot generate enough cash to pay the interest on the debt they already have. They only exist due to more loans and bailouts.
Sorry folks, those are not sound businesses, and this scenario has infected 20% of the U.S. market. This will not end well, unless you are a globalist, and get to push The Great Reset button.