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The $75 Trillion Time Bomb

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How long till the Global Economic Collapse?   Dave Hodges The entire wealth of the planet is estimated to be around $65-7o trillion dollars. Any debt that exceeds that amount should be considered to be a catalyst for global economic collapse and ultimately World War III  along with the emergence of extreme authoritarian government similar to what the world witnessed prior to World War II. Nations who are trying to save themselves from the abyss of economic collapse will seek to plunder the resources of other nations and when these predatory behaviors grow in number, global conflict will breakout. We are already seeing evidence of this in Ukraine (i.e. control of Eurasia’s gas) and in  Syria and Iran (i.e. control of the medium of exchange to buy oil, gold vs. the dollar). In 2011,   Bloomberg reported   that Bank of America shifted about $22 trillion worth of derivative obligations from Merrill Lynch and the Bank of America Corporation hold...