Bankrupt World governments owe 41 trillion US dollars

When the major global governments can no longer pay their bills, there is no other solution than a Super Government.

While Obama is downgraded to AA+, the World still needs to bring the German economy into the debt trap.

The total amount of debt incurred by governments across the world jumped to a staggering USD 41.1 trillion last year.

This sum accounting for 69 per cent of global GDP, because of stimulus packages and anaemic economic growth, says a report.

“Public debt outstanding (measured as marketable government debt securities) stood at USD 41.1 trillion at the end of 2010, an increase of nearly USD 25 trillion since 2000. “ This was the equivalent of 69 per cent of global GDP, 23 percentage points higher than in 2000.

In just the past two years, public debt has grown by USD 9.4 trillion — or 13 percentage points of GDP,” global consultancy McKinsey said.

Last year alone, government debt accounted for about 80 per cent of the overall growth in total outstanding debt. According to the McKinsey report, government debt worldwide was USD 31.7 trillion in 2008.

Meanwhile, overall outstanding debt worldwide has more than doubled in the past 10 years to USD 158 trillion in 2010. In 2000, the same stood at USD 78 trillion.

“Debt also grew faster than GDP over this period, with the ratio of global debt to world GDP increasing from 218 per cent in 2000 to 266 per cent in 2010,” McKinsey said. Around USD 48 trillion of the total debt outstanding was that of governments and financial institutions.

In both the US and Western Europe in 2010, the ratio of public debt stood at more than 70 per cent of the GDP, the report said.

Source: Indian Daily Deccan Herald and PTI.

My comment:

To be able to establish a One World Government, the present Governments must derail their own national economies.

The published summary done by the Press Trust of India (PTI) is the best proof there is, that this derailment can not be stopped.

The money that the governments borrow, comes from private sector wealth. The Global elite of one per cent of the Worlds population, has managed to store up 40 per cent of the wealth on planet earth.

You do not have to be a racer, to understand what happen when the Governments goes bankrupt. Parliamentarian democracy will be replaced, by s small elite who take decisions. A few people and corporation with cash in “abundance” will set the new rules. The people who now run the show, will promote a New World President. This man will also lead all religions into unity, for the sake of “stability and peace”.

The Bible explains that this last anti-Christ, will be worshiped by all who have not surrendered, and given their life to Jesus the Messiah.

The last Super King will be a lawless man, who exalt him self and claim to be “god”. He and his followers are doomed.

 2 Thessalonians 2:3
Don’t let anyone deceive you in any way, for that day will not come until the rebellion occurs and the man of lawlessness is revealed, the man doomed to destruction.

When Jesus comes back, they will be sent to a horrible place where there is no exit. This is the place named Hell.

Written by Ivar

9 thoughts on “Bankrupt World governments owe 41 trillion US dollars

  1. Ivar
    This is a great article. These figures are just mind boggling.
    A super government seems to be the only solution. All you wrote is very convincing that it will go that way.
    Thanks For an informative artilcle

  2. Jesus of Nazareth is not going to make a second coming.

    There is already much international co-operation on many issues, e.g. Meteorology; Disaster Warning; Communications; Refugees; Piracy; Internet Domain Names; Intelligence Sharing; Policing; Banking; Trade; Security; Air Traffic Control; Law of the Sea etc. etc.

    World Government is not a dirty word.

    1. Dear Adam Neira.

      Shalom, and welcome to this site.

      I see you do not believe in a second coming of Jesus. What do you base such a conclusion on?

      Take a look at this Bible verse:

      Hebrews 9:28
      so Christ was sacrificed once to take away the sins of many; and he will appear a second time, not to bear sin, but to bring salvation to those who are waiting for him.

      Please explain this Bible verse to me.

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