USA “Credit card debt increased by $50 billion in the fourth quarter of 2023. Americans’ credit card balances climbed to a new record high $1.13 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.”
Record-breaking global debt levels increased to a staggering $313 trillion in 2023. This isn’t Credit Card debt, it’s nations debts, national debts. The national debt of the USA is now at $34.33 Trillion and rising.
Increasing credit card debt does two things. The monthly payments increase for individuals, which reduces their usable income, which forces them to buy more on credit, increasing their debt. Rinse and repeat.
The other thing is that eventually the borrowers are forced to default on their debt and this is one of the causes of the bank failures going on now.
National debts for governments to print more money, and this increases global inflation. As prices rise, less income is available to buy food, clothing and shelter. All the Global and Personal debt of the world is increasing. Everyone is taking away a lot more than they’re giving back.
The attacks by the Houthis in Yemen have stopped shipping on the Suez Canal, the Russian attack on Ukraine has stopped grain production in Ukraine, the drought last summer was the reason given for the destruction of most of the cattle in America’s herds and over the past 3 years many of the chicken farms and food processing plants in the USA have exploded and then burned. The USA has been the food breadbasket of the world. Now that’s ended.
War is spreading in the Middle East as Israel responds to attacks from bordering nations, the USA is growing closer to a war with Iran while China is getting closer to war with Taiwan and other neighbors. France is now sending troops to fight the Russians in Ukraine and Ukraine may soon be a part of NATO, which will bring the rest of the NATO nations into the battle. Others may follow France in soon whether Ukraine is in NATO yet or not.
“World health leaders warn of a pandemic 20 times worse than COVID. Without preparedness, the WHO warned, a pandemic from Disease X could cause much more damage than COVID, which has killed more than 7 million worldwide.Jan 24, 2024.”
Poverty, famine, war, disease, it’s all building up to a peak collapse. You are watching THE GREAT RESET getting ready to happen that the Globalists have openly spoken of.
The Great Reset is the radical reduction of Earth’s population to 500 million people and the establishment of a global government. The more we progress toward it, the easier it is to see how it’s being done.