World debt has reached unsustainable levels; mass default looms – coverage in mainstream media

Today on The Janssen Report (#77): world debt has reached multiples of the global GDP, which even mainstream media are now describing as unsustainable. To put it in perspective: if we could use our entire world GDP (that is: 100%!) to pay off all debts, it would take several years to completely get rid of that debt.

Over the past years the debt has only been rising; individual countries have been running nothing but deficits. Over the past years you have probably heard how politicians were laying proud claims on reducing the deficits instead of creating surpluses. Think about it: a deficit still adds to the pile of debt.

Ask yourself: what will happen when this mass default occurs? How will this affect you personally?

Watch this episode of The Janssen Report here:

Sources:
– http://www.telegraph.co.uk/finance/ec…
– http://blogs.wsj.com/economics/2013/0…
– Janssen Report #20: http://youtu.be/51pI7lHjIpU

Cheers!

Marco Janssen

Global Economy
Instituting Global Governance Through A Pre-Planned Event – Interview on Rethinking the Dollar

Today I appeared on Rethinking the Dollar to discuss how the world is now captured by the roll-out of global governance system through a pre-planned event. Check out the interview here: Hope you will enjoy the talk Mike and I had. See you soon! Cheers, Marco Janssen

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