Why Is The World Economy Doomed? The Global Financial Pyramid Scheme By The Numbers

From Intel Hub By Michael Snyder
Economic Collapse Blog
March 23, 2013

Why is the global economy in so much trouble?  How can so many people be so absolutely certain that the world financial system is going to crash?

Well, the truth is that when you take a look at the cold, hard numbers it is not difficult to see why the global financial pyramid scheme is destined to fail.  In the United States today, there is approximately 56 trillion dollars of total debt in our financial system, but there is only about 9 trillion dollars in our bank accounts.

So you could take every single penny out of the banks, multiply it by six, and you still would not have enough money to pay off all of our debts. . . . Read Complete Report

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