Bill Gross, "... our highly levered financial system is like a truckload of nitro glycerin on a bumpy road. One mistake can set off a credit implosion..."

Gross concludes:

"The U.S. and indeed the global economy is walking a fine line due to increasing leverage and the potential for too high (or too low) interest rates to wreak havoc on an increasingly stressed financial system. Be more concerned about the return of your money than the return on your money in 2017 and beyond."

http://www.barrons.com/articles/bill-gross-says-financial-system-is-truckload-of-nitro-glycerin-1489076889

The financial crisis of 2008 represented an opportunity to learn from our mistakes, but instead we just papered over our errors and cranked up the global debt creation machine to levels never seen before.

According to the Institute of International Finance, global debt has now reached a new all-time record high of 217 trillion dollars…

Global debt levels have surged to a record $217 trillion in the first quarter of the year. This is 327 percent of the world’s annual economic output (GDP), reports the Institute of International Finance (IIF).

The surging debt was driven by emerging economies, which have increased borrowing by $3 trillion to $56 trillion. This amounts to 218 percent of their combined economic output, five percentage points greater year on year.

Never before in human history has our world been so saturated with debt.

Today, more than 99 percent of the population of the planet lives in a country that has a central bank.  And debt-based central banking is designed to get national governments trapped in endless debt spirals from which they can never possibly escape.

Thomas Jefferson was strongly against government debt because he believed that it was a way for one generation to steal from another generation.  And he actually wished that he could have added another amendment to the U.S. Constitution which would have banned government borrowing…

“I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.”

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SideNote: I believe we are being pushed towards a NWO. Instead of learning from the 2008 world financial crash and jailing the bankster crooks, the Gov's of the world decided to continue on the same path towards the biggest financial debt emplosion the world has never witnessed. And for what pupose ?? To move the world towards a controlled electronic currency. GRIM

$$$$$$$ KEEP STACKING $$$$$$$