WEB Notes: This is big news. When someone connected or formerly connected with the Bank of International Settlements says something of this magnitude you want to pay attention. They set monetary policy for the entire world. When he starts mentioning debt jubilees it reminds me ofSatan’s coming reign and his beast system we will see. If you accept it, not only will you be free from your debt and obligations, but you will be able to partake in that system. As hard as it will be you do not want to do that, instead you stand strong for the Lord.
The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned.
“The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up,” said William White, the Swiss-based chairman of the OECD’s review committee and former chief economist of the Bank for International Settlements (BIS).
“It will become obvious in the next recession that many of these debts will never be serviced or repaid, and this will be uncomfortable for a lot of people who think they own assets that are worth something,” he told The Telegraph on the eve of the World Economic Forum in Davos.
“The only question is whether we are able to look reality in the eye and face what is coming in an orderly fashion, or whether it will be disorderly. Debt jubilees have been going on for 5,000 years, as far back as the Sumerians.”
Source: World faces wave of epic debt defaults, fears central bank veteran – Telegraph
“satans coming reign” and the “beast system” are trademarks of judeoxshanity………. the book of revelations speaks for itself;Rev_1:1 The Revelation of Jesus Christ, which God gave unto him, to shew unto his servants things which must SHORTLY come to pass; and he sent and signified it by his angel unto his servant John: beast= nero…….nothing new ……………………………………………………………..caps mine… mark
“It will become obvious in the next recession that many of these debts will never be serviced or repaid,…”
DUH!!!
Too bad it won’t be just as obvious to the stupid sheeple that it was intentionally DESIGNED that way.