You are really RICH & WEALTHY when you have No Debt!!

in #debt6 years ago

You are really RICH & WEALTHY when you have No Debt!!

Final Warning to Debtors - Judgement Day maybe around the Corner this month.

Will Black Monday occurs this month Black October 2018?

In Singapore, the total nation's debt is about 300%.vs GDP.

Over 60% of this debt is Private Debt.

Debt means very rich and wealthy people whom borrowed heavily to look rich and wealthy, living in posh district, big bungalows and holds huge assets they actually do not owned.

Global debt is 217 trillion, also about 3 times global GDP of 100 trillion.

This is possible because of political and government innovations to create more huge sums of money without any stored value attached to it, especially since 2007-2008 crisis.

Japan is the leader doing this since 22 years ago, followed by USA, Europe and China,

Many emerging economies borrowed these cheap money in the past but are now caught unable to pay back as the interests rate goes up especially in USD, countries such as Turkey, Brazil, Pakistan, Argentine, Indonesia, etc, are joining Venezuela and Zimbabwe as their economies self destruct.

Debt based rich and wealthy people will soon face the same music, those whom live beyond their means, as the financial judgement day draws closer.

There is one Holy book that mentioned a Prophet whom never seems to lose his temper, but did so as he went about destroying the money markets in the past.

Our global monetary and fiat currency system, controlled by legally corrupt bankers and governments, is an overdue 105 years ponzi scheme awaiting to blow up.

When it does, only the prudent and those whom lives within their means will still be last man standing.

No Debt = Real Wealth.

Let this be my final warning !!

Thank you.

David Lim. Revelations. 3 Oct 2018.

Note: The chart shows we are in our longest bull run since 1921-29, which resulted in the Great Depression.

Coin Marketplace

STEEM 0.22
TRX 0.21
JST 0.035
BTC 98736.02
ETH 3346.70
USDT 1.00
SBD 3.12