<h2>63 Trillion $ Debt Bubble Meltdown Enter Great Reset</h2>
<h2>GREAT RESET DIGITAL DOLLAR next step?</h2>
This will be global and will probably lead to the forced introduction of the GREAT RESET Global Digital Currency. "YOU WILL OWN NOTHING AND BE HAPPY".

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https://youtu.be/6VDROwUUTgY
<h2><a href="https://youtu.be/6VDROwUUTgY"><strong>$63 Trillion DEBT BUBBLE just Burst (Prepare for BIG Recession in 2022)</strong></a></h2>
104,025 viewsJul 7, 2022

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America's $63 Trillion Debt Bubble is turning into a Debt Crisis. Expect the 2022 Recession and resulting Housing Crash / Stock Crash to be even worse than anticipated. America's total Debt Obligations are over $63 Trillion counting Consumer, Corporate, and Government Debt. Meanwhile, Personal Income is only $21 Trillion. That means the US could be in a Debt Crisis in 2022 as the Fed / Jerome Powell hike interest rates and restrict money supply. The result is that the Zombie Companies which exist across America - those that lose money and employ a lot of workers - are starting Layoffs and could start going Bankrupt now that the days of lower interest rates and loose monetary policy are over. Home Prices, Stock Prices, and Crypto Prices will likely crash further as a result of this Debt Crisis. There will be a lot of buying opportunities for those who have saved money and avoided taking out Debt. Will Jerome Powell / the Fed come to save the day when the Layoffs &amp; Bankruptcies get bad later in 2022? I don't think so. So long as Inflation remains elevated, and the unemployment rate is low, it will be difficult for the Fed to cut interest rates and loosen monetary policy. Moreover, this Debt Bubble is across the Globe. Countries like Canada, Sweden, the United Kingdom, and China also have looming Debt Crisis on their hands. Creating the risk of a contagion effect that could create a self-fulfilling crash, regardless of what the Federal Reserve does.

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<h3><strong>63 Trillion $ Debt Bubble Meltdown Enter Great Reset</strong></h3>
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<h3><strong>FULL VIDEO TRANSCRIPT</strong></h3>
0:00

the U.S debt bubble is growing bigger

0:02

and bigger and bigger and when this debt

0:04

bubble Pops in fact it might have

0:06

already popped we are going to see one

0:08

of the biggest recession in financial

0:10

crashes of all time because right now

0:11

folks pay attention to this there is

0:13

over 63 trillion dollars in debt

0:17

outstanding in America that 63 trillion

0:20

is comprised of Consumer Debt government

0:22

debt and corporate debt and it's over

0:24

three times more than the total income

0:26

that America brings in each year of 21

0:29

trillion and as this bubble pops you're

0:31

going to see all of the zombie companies

0:33

in America that are really supporting

0:35

our economy these companies that lose

0:37

money but hire a lot of workers these

0:39

zombie companies are gonna start to go

0:40

bankrupt and they're going to go out of

0:42

business which is going to perpetuate a

0:44

deep recession deeper than most people

0:46

can even imagine right now because I

0:48

want you to take a look at this graph

0:49

for everyone it shows the growth rate in

0:51

the number of businesses in America

0:53

since the end of 2018. we can see a 10

0:56

percent growth in the number of

0:57

businesses increasing from 9.8 million

0:59

million to 10.8 million now most would

1:02

look at that graph and think that this

1:04

is a good thing that there's more

1:05

businesses in America but when you

1:07

compare the Blue Line the growth in

1:08

businesses to the Orange Line the growth

1:10

in employees over the same time period

1:12

you could see a problem and that's that

1:13

the number of employees through the end

1:15

of 2021 in America was actually below

1:17

where it was in 2018 yet the number of

1:19

businesses was 11 percent higher and so

1:21

by looking at this data you can all

1:23

start to realize that in fact in America

1:25

we actually don't have a shortage of a

1:27

workers employees but we have on the

1:29

other end a bubble and an over abundance

1:32

in the number of businesses that often

1:34

lose money that are allowed to exist

1:36

because of the Raging debt bubble that's

1:39

occurred over the last several years and

1:41

last several decades this situation is

1:43

creating the perception of a strong

1:45

labor market in a strong economy in some

1:47

circles but when you begin to analyze

1:49

the debt bubble you start to see that

1:51

this is all a house of cards house of

1:52

cards that in recent years has been

1:54

propped up by the U.S government

1:56

spending money like a drunken sailor and

1:59

taking out an epic amount of debt I mean

2:01

just take a look at this everyone back

2:03

in 2008 at the peak of the last

2:05

Financial bubble in Crash before

2:07

everything really turned sour the U.S

2:09

federal government had 6.2 trillion

2:11

dollars in outstanding debt fast forward

2:13

to today and that's gone up by more than

2:15

500 percent all the way to 26 trillion

2:17

at the same time consumer debts gone up

2:19

from 14 trillion to 18 trillion a

2:22

corporate debt's gone from 11 trillion

2:24

to 20 trillion and so folks this is what

2:25

I call a debt binge the government

2:28

consumers and corporations in tandem are

2:31

going nuts taking out debt and this is

2:33

ultimately what's been sustaining the

2:35

U.S economy over the last 15 years but

2:38

especially over the last two years

2:40

because during the pandemic the U.S

2:42

government pumped nearly five trillion

2:44

dollars of debt fueled money into the

2:46

economy going to individuals and

2:48

families businesses state and local

2:50

governments as well as health care

2:51

agencies but I know a lot of you are

2:53

starting to look at this data and say to

2:55

yourselves right now wait a minute this

2:57

looks unsustainable the government and

2:59

consumers and corporations can't keep

3:01

taking out debt forever especially now

3:03

that the Federal Reserve is tightening

3:05

the screws on monetary policy this is

3:08

the big change that's occurred in the

3:10

last six months from the previous 20

3:11

years is that the FED is now getting

3:13

serious about fighting inflation they're

3:15

jacking up interest rates they're taking

3:17

money out of the system through

3:18

quantitative tightening and this is

3:20

ultimately what's going to crash the

3:22

debt bubble because now now folks that

3:24

interest rates are up if a consumer has

3:26

a credit card well their credit card

3:28

payments are going to go up and they

3:29

can't take out as much credit card debt

3:31

if a corporation wants to issue a new

3:33

corporate bond well now that corporate

3:35

bond is going to be at a higher interest

3:36

rate which is going to deteriorate their

3:38

profitability and then the big one is

3:40

really the US government as U.S

3:42

government debt continues to roll with a

3:44

massive 59 percent of all government

3:46

debt maturing over the next four years

3:48

they're going to have to refinance it at

3:49

higher interest rates which is going to

3:51

increase the cost burden of government

3:53

Debt Service which is ultimately going

3:54

to mean less money in the budget in the

3:56

future for stimulus checks and support

3:58

for the economy and so what does means

4:00

everyone for you all out there is that

4:01

you better be preparing for this

4:04

recession to be worse than anticipated

4:06

because a debt crisis recession a debt

4:08

bubble recession well that's the worst

4:10

kind of recession we saw in 2008 just

4:13

how bad that could be when a debt bubble

4:15

pops it takes years and years to recover

4:17

but what potentially makes today worse

4:20

than 2008 is the fact that we have to

4:22

deal with record levels of inflation

4:24

something we didn't have to deal with

4:25

back then year over year consumer prices

4:28

in America are up by over eight percent

4:30

and that throws a big wrench in the

4:33

system because inflation is a big

4:35

economic headwind the more that gas

4:37

prices go up the more that food prices

4:39

go up the less that people are going to

4:41

have to spend on other goods and

4:43

services in the economy now in previous

4:44

years in previous decades if people

4:46

started running out of money they would

4:47

have taken out more debt they would have

4:49

increased their credit card balances or

4:50

you know the US government like they did

4:52

during the pandemic would have sent

4:53

stimulus checks to everyone and that

4:55

would have kept the economy going

4:56

problem is that these things are really

4:58

no longer viable Solutions because if we

5:00

take a look at data over the last 50 to

5:02

60 years we can see that right now in

5:04

America total debt is around 297 percent

5:08

of personal income that's again the 63

5:10

trillion in debt compared to the 21

5:12

trillion in income in America now if we

5:14

go back to the 1970s we can see that the

5:16

debt levels were a much more manageable

5:18

147 percent of total income and so that

5:21

meant that when the inflation surged in

5:22

the 70s and 80s it was bad but Americans

5:25

actually were then able to take out more

5:27

debt in following years to compensate

5:30

for the fact that the cost of goods was

5:31

higher so that kept the economy going

5:34

however now in 2022 with this massive

5:36

inflation surge we don't have the room

5:38

anymore to take out more debt which is

5:40

ultimately going to mean a debt crisis

5:43

and a deleveraging in the economy that's

5:45

going to be very painful it's going to

5:47

be like weaning off a drug we've gotten

5:49

so used to over the last 15 years that

5:52

debt would come to the rescue whether it

5:54

was government debt or Consumer Debt or

5:55

corporate debt there'd be a way that

5:57

money could come into the system and

5:58

keep things going and that that's not

6:00

going to happen in the same way going

6:02

forward which is going to lead to a lot

6:03

of layoffs it's going to lead to lots of

6:05

company bankruptcies and it's going to

6:07

lead to an even further crash in the

6:09

stock market in the housing market in

6:11

the crypto market and some of you will

6:12

be more in the crosshairs of this crash

6:14

than others for instance if you're

6:16

someone who works for a tech company

6:18

that loses money and you have a lot of

6:20

debt taken out either through your house

6:21

or through margin loans on your stock

6:23

portfolio you're going to be more in the

6:25

crosshairs of the crash that's coming

6:26

and as a result you should probably take

6:28

more precaution and try to save more

6:30

money meanwhile if you're someone who

6:31

works for a company that makes money and

6:33

has solid earnings you don't have much

6:35

debt on hand and you have a lot of

6:37

liquid Savings in your bank account

6:38

you're not going to be as exposed to the

6:40

downturn and in fact you're going to be

6:42

in a good position to capitalize off

6:45

this downturn in coming months and years

6:47

because there's going to be a lot of

6:49

buying opportunities out there and I

6:50

think it's really important that you all

6:52

keep this frame of mind right that while

6:54

some of this information and data will

6:56

sound scary to you all in reality this

6:58

will be a massive Opera opportunity for

7:00

a lot of people who maybe sat out over

7:02

the last two to three years because they

7:04

didn't feel comfortable taking out loans

7:06

and taking out debt and participating in

7:08

the crazy stock market and housing

7:09

market well now your time is coming to

7:11

take advantage of the downturn that's

7:13

going to come as the debt bubble pops

7:15

and the excesses go away and the

7:17

Ultimate Reality of this situation

7:18

everyone is that there is going to be no

7:21

easy way out I think a lot of people

7:22

like to think that the Federal Reserve

7:24

is just going to come to the rescue

7:26

again right like some people say oh

7:28

we're not going to have a bad asset

7:29

crash we're not going to have a bad

7:31

economic crash because the FED at some

7:33

point either later this year in 2023 is

7:35

going to cut rates and print money again

7:37

but here's the thing that everyone seems

7:38

to forget and that's that this is not

7:40

just a U.S debt bubble this is a global

7:43

debt bubble according to Reuters Global

7:45

debt was fast approaching 300 trillion

7:48

dollars at the end of 2021 so it's not

7:50

only America that's in this situation

7:52

it's most countries in the world whether

7:54

they be Canada or Sweden or China or the

7:57

UK or Australia and so that creates the

7:58

risk factor of a a worldwide contagion

8:01

effect across debt markets stock markets

8:04

and housing markets across the globe

8:06

that could make this downturn a

8:08

self-fulfilling prophecy regardless of

8:11

what the Federal Reserve tries to do and

8:13

what's crazy to me is how similar right

8:15

now in 2022 looks and feels to 2007 the

8:19

year before the huge financial and

8:21

housing crash across the world we're

8:23

seeing so many of the same things play

8:24

out we have a debt bubble we have a

8:26

housing bubble and a stock bubble which

8:28

are both deflating at the same time we

8:30

have most of the countries in the world

8:31

exposed to this bubble we have

8:33

record-setting gas prices the last time

8:36

gas prices reached this level was 2008

8:38

right before the last crash things are

8:41

lining up in a way where I think we're

8:43

going to see a very similar downturn

8:45

play out in this recession maybe not so

8:47

much as the entire banking system is

8:49

going to collapse but in terms of

8:50

declines in asset values whether it be

8:52

real estate or stocks I think they're

8:54

going to be similar to what they were

8:55

from 2007 to 2012 and perhaps worse in

8:59

certain k cases because as Economist

9:00

noriel rubini points out today we Face

9:03

Supply shocks in a context of much

9:06

higher debt levels implying that we were

9:07

heading for a combination of get this

9:09

folks 1970s stagflation to go along with

9:12

2008 style debt crisis that is a

9:16

stagflationary debt crisis something

9:18

that this world has never seen at least

9:21

in recorded history over the last couple

9:23

hundred years we are entering Uncharted

9:25

Territory for what we're about to see in

9:28

the economy in not just America but

9:29

across the globe over the next one to

9:31

two years

English (auto-generated)