The entire wealth of the planet is estimated to be around $65-7o trillion dollars. Any debt that exceeds that amount should be considered to be a catalyst for global economic collapse and ultimately World War III  along with the emergence of extreme authoritarian government similar to what the world witnessed prior to World War II.

Nations who are trying to save themselves from the abyss of economic collapse will seek to plunder the resources of other nations and when these predatory behaviors grow in number, global conflict will breakout. We are already seeing evidence of this in Ukraine (i.e. control of Eurasia’s gas) and in  Syria and Iran (i.e. control of the medium of exchange to buy oil, gold vs. the dollar).

In 2011, Bloomberg reported that Bank of America shifted about $22 trillion worth of derivative obligations from Merrill Lynch and the Bank of America Corporation holding company to the FDIC insured retail deposit division. Along with this information came the revelation that the FDIC insured unit was already stuffed with $53 trillion worth of these potentially toxic obligations, making a total of $75 trillion dollars in debt from the toxic holdings of only one bank. In other words, the United States taxpayer owes Bank of America $75 trillion dollars when, not if, the credit swap derivatives market collapses. REMEMBER: ANY DEBT THAT EXCEEDS $70 TRILLION DOLLARS SHOULD BE CONSIDERED TO BE THE CATALYST FOR A GLOBAL ECONOMIC COLLAPSE. 

Although this event was prominently reported in Bloomberg, it was not reported on Fox and CNN and the other corporate news entities. Further, the implications of this nation-busting act were never explained to the American people. So, the ignorant American people continue to entrust their life savings to entities who are planning to steal these assets.

Implications

Derivatives are highly flammable financial instruments that are used to insure the banks against risk. The main purpose of a derivative lies in the fact that they are used for speculation (i.e. gambling). The derivatives market comprises the modern day version of the big gaming casino on Wall Street!

Credit swap derivatives are bets made upon the future value of stocks, bonds, mortgages, other loans, currencies, commodities, volatility of financial indexes, and even weather changes. It is a case of the Las Vegas Strip coming to Wall Street. The banksters are playing with house money. Only in this case, the house money is the good faith and credit of the American taxpayer.

And it is not just Bank of America that is stealing your money to cover their derivatives debt. All of the “too big to fail” banks (e.g. JP Morgan, Wells Fargo) have had their gambling addiction guaranteed by the American people. This was supposed to be a secret that would be kept from the American people in order to keep America from rioting and stringing up every banker that they could get their hands on. So,why isn’t that you have not heard about this before (an estimated 95% of the readers are probably ignorant of this fact)? Well, the fact remains that there have been cracks in the conspiracy and there have been people telling all of us about this very fact. Breitbart told you about this fact last year. Politifact came to the party late, but even they reported this fact late last year. Ellen Brown wrote about this development last year. Forbes covered this development in 2013. The Common Sense Show covered this event many times in 2011-12 on several broadcasts. On November 16, 2014, I covered the fact that the G20 nations passed a joint resolution to get their nation’s central banking system to declare that your bank account was not defined as money. This was done because the G20 central banks are approaching insolvency. This put your assets at the bottom of the list for FDIC compensation in the event of a bank failure. In other words, your money is as good as gone. 

Even if Wall Street was to net out the worth of the derivatives involved, the amount is so large that the United States could not hope to pay it off. Why? Because the debt is estimated to be at $1.5 quadrillion dollar debt without a major dollar devaluation, if another collapse were to actually occur and a large part of the derivatives were triggered, the U.S. government cannot cover the obligation. Rest assured that the banks would be made whole. However, the same cannot be said for the American taxpayer. The Federal Reserve has not only given their blessing, they approved the transfer of the derivatives from Merrill Lynch to insured retail unit of BAC before the deal was even done. Why would the Federal Reserve participate in the economic suicide of our country? Because these sacred cow banks are owned by prominent members of the Federal Reserve Board. The Federal Reserve members are intent on financial survival at the expense of the people.

 

Solely based upon the condition of the megabanks, it is a foregone conclusion that these bank customers are going to lose their assets. Since the U.S. only takes in $2 trillion dollars per year, where is the money going to come from to cover the derivatives debt? The interest on the derivatives debt is exploding faster than we can pay the interest on it, $505 trillion per year . This one set of circumstances is enough, on its own, to collapse the U.S. economy. This could be the straw that breaks the camel’s back. However, we have a lot of straws sitting upon the backs of the American camel.

1. The national debt.

2. The national deficit.

3. The stock market bubble.

4. The MERS mortgage fraud which has stolen an estimated 13 million homes.

5. The 1.5 quadrillion derivatives debt.

6. The record low Baltic Index which speaks to the health of the global economy.

7. Record consumer credit debt.

8. 5o million Americans on food stamps.

9. Shadow Stats which states that 23% of Americans are unemployed and underemployed

10. A weakened military as we sit upon the edge of World War III at a time when Obama is downsizing our military and firing its leadership base.

11. Increased foreign reliance of food imports (20% of the total).

12. The FCC and Attorney General Loretta Lynch is trying to gain control over the Internet in an attempt to silence the opposition of the independent media.

13. Food inflation which some estimate to be at about 18%.

14. The media is owned by six corporations who have helped to create this problem.

15. Unfunded liabilities (i.e. Social Security, Medicare) are now in excess of $240 trillion dollars. Remember, any debt in excess of $70 trillion dollars should be considered to be a catalyst for global economic collapse.

 

Do you actually believe that various segments of the economy can be collapsing around you and that your life savings, your retirement and your other miscellaneous investments are going to be safe? Why do you think Obama wants your guns? The elite knows what is coming, they have planned for this day.  And they are laughing at your ignorance and the fact that YOU have funded their golden parachutes.

What Does It All Mean?

I wish all questions had answers this simple. Soon-to-be broke bankers start wars which will kill millions/billions in order to preserve their financial standing. Broke citizens start civil wars. Power hungry government bureaucrats, eager to preserve their power, promote false flag attacks to promote the implementation of a genocidal system of global feudalism under the New World Order.

Is there anything that can be done? Not without divine intervention. The debt could be repudiated but that would still trigger World War III. About the one thing you can do to is store up on God’s teachings, guns, gold, food and form trusted alliances.

By | 2017-10-26T22:03:39+00:00 December 30th, 2015|Featured, Main, United States|18 Comments

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18 Comments

  1. majorp December 30, 2015 at 6:36 am

    I am beginning to be hesitant to read your news because I am looking for good news that will build my faith. The news you print may be true but I cannot constantly feed my spirit on it because it breeds fear. I must feed on God’s Word to maintain some balance and feed my faith. Our only hope at this time is in Jesus.

    EDITOR’S NOTE: GOOD NEWS- JESUS WINS- IN THE MEANTIME, STRAP IT ON WE ARE IN A WAR!

  2. Joe December 30, 2015 at 7:05 am

    1. Nobody is “coming for your guns”. The math does not work. Even if 90% turn them in that still leaves 30 million guns in the hand of probably 5-6 million households. Think they are going to raid 5 million homes? I don’t think so. And if they use “foreign troops” like I’ve heard here… that won’t end well. There is a TREMENDOUS amount of firepower out there. Here’s a tiny sample: https://www.youtube.com/watch?v=ZjmQRSNhDLk

    2. Even if there is a bank holiday, nobody will much care.

    Remember, back in the great depression, we had a bank holiday. We made it through that short period of time just fine. And back then, people ONLY used cash, so not being able to get it was even more important back then than it is now.

    3. But you are right. cyber attack on the grid is coming. War is coming. Economic hardship is coming.

  3. suddenstop December 30, 2015 at 7:07 am

    do you really think they have fleeced us all enough to finally just let it all collapse?

  4. rage December 30, 2015 at 7:24 am

    great article Dave!

  5. laura m. December 30, 2015 at 8:14 am

    I have warned others on emails to get out of these large mega banks, move to credit union and pull cash out and stash it in fireproof container or small safe after direct deposits hit the bank end of the month, meaning now. Me and friends have stopped sometime ago informing others in person in our communities, feel it’s risky now. If people don’t know the end game by now, they never will until it’s too late. Stay low key and keep groups small for bartering and resistance when the train runs into the abyss full speed.

  6. Holy sh*t in Ahwatukee December 30, 2015 at 8:50 am

    I have to admit that I used to read the article in the CSS, a little grain of salt. Not anymore. I know that the editor of this fine website does not give a rat’s behind about what people think about his daily columns, but this has to be more with my realization of the mortal danger we are in than what the editor of the CSS thinks about my opinion. I am now convinced that we, the American people are in very real and present mortal danger. Be prepared because they are coming for our guns, they are coming for our money, they are coming for our wives, daughters, sisters, they are coming to make us their slaves.

  7. Patrick December 30, 2015 at 10:31 am

    Disturbing at any level of cogent thought. Regardless of any prism this is viewed through, one must know this is really happening. Do not let cognitive dissonance or your normalcy bias get you trapped in an indecisive moment. It is not the time to freeze. Shake this off, put an immediate and plan B action plan in place. Blessings from on high.

  8. MK December 30, 2015 at 11:24 am

    HIGHLY recommend people to see movie “The Big Short” It does a fantastic job of explaining to the average person what derivative instruments are and how the 2007-08 crash occurred. Bespoke Tranche Opportunities in 2015 are the latest instruments being sold by Wall Street same result different
    name.

  9. Albert December 30, 2015 at 12:44 pm

    WTF?! There is no “interest” on derivatives and they are not “debt” they are a HEDGE/bet …..

  10. Marti December 30, 2015 at 1:02 pm

    The hardest part for me is forming those trusted alliances.

  11. Marshal Scot December 30, 2015 at 2:28 pm

    Sums up nicely Dave, Sincerely, Marshal Scot

  12. […] The Global Economic Collapse is Happening As You Read These Words – The Common Sense Show […]

  13. Kenneth IVAMU December 30, 2015 at 6:26 pm

    This is going to drive some reading this, crazy. But it is absolutely the most sane, rational approach.

    In fact, after thinking about it long and hard (and sideways), the ANSWER is CLEAR:

    END USURY!
    *CANCEL *ALL *EXISTING *USURY

    “It IS the Usury, Stupid!”
    ~ Quoting Bill Clinton, with a variant.

    The Solution is One, and it is already here!
    http://www.IVAMU.com/

    When you have money with NO intrinsic value of its own, how can it ever be fairly compared with real money that DOES have Value all of its own?

    The world needs to QUESTION USURY!
    Then, ELIMINATE it.

    What is Interet (Usury), but money paid to people who do absolutely nothing of value to EARN it.

    So end this bizarre practice. STOP pretending it is a legitimate obligation. It isn’t.

    OUTLAW USURY.

    “YEA!”

  14. Don_in_Odessa December 31, 2015 at 3:49 am

    So what’s new Dave? There will be a financial restart or a human culling. Probably both. There always is. Five or Six thousand years of written history, take your pick, it’s always the same.

    Nothing has changed. The Scriptures say it is the parents duty to lay up for the children 2 Cor 12:14 and the man who does not provide for his own is worse than an infidel. 1 Tim 5:8 That is the the message of the Lord here. Let the dead bury the dead. It is said you will know them by their fruits. What a person spends their time on and the product of that time is their fruit. Balance is what is needed here. I don’t see it. I can only know what I see.

  15. honestAbe January 2, 2016 at 6:05 am

    Yep, I need to learn more about Thor’s teachings and watch the Avengers. LOL. You bible thumpers are not to be taken seriously.

  16. Joe January 2, 2016 at 1:07 pm

    Don’t hold your breath for any collapse to happen anytime soon. We’ve heard this for years and the cabal keeps patching up any real financial problem with fiat money.
    This is a confidence game and as long as people feel things are relatively ok, they continue on like live is fine. The federal reserve has things in complete control. Even China with their BRICS alliance and AIIB, CHIPS bank and system still has not changed the financial power landscape. Even having the Yuan as part of the IMF basket SDR’s still made no difference.
    So what are we to expect in 2016>?

    Nothing, just the same old bullshit we’ve been hearing for years.

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