{"id":30045,"date":"2022-05-18T14:51:53","date_gmt":"2022-05-19T00:51:53","guid":{"rendered":"https:\/\/srsroccoreport.com\/public\/?p=30045"},"modified":"2022-05-18T14:51:53","modified_gmt":"2022-05-19T00:51:53","slug":"seneca-energy-cliff-the-collapse-of-debt-bubble-palisades-radio-chat-live-on-twitter","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/seneca-energy-cliff-the-collapse-of-debt-bubble-palisades-radio-chat-live-on-twitter\/","title":{"rendered":"SENECA ENERGY CLIFF: The Collapse Of Debt Bubble & Palisades Radio Chat Live On Twitter"},"content":{"rendered":"

The world is not prepared for the coming collapse of the massive Global Debt Bubble and ensuing Energy Cliff.\u00a0 The market and financial analysts are clueless about what is coming because they believe the Business Cycles will continue forever.\u00a0 I will be discussing this topic LIVE on Twitter Spaces with Tom at Palisades Radio tomorrow, Thursday, at 3 pm EST.\u00a0 <\/strong><\/span>Check below for details.<\/p>\n

So, when you hear financial analysts advising that “It’s important to be in CASH,” they have no idea what they are talking about because CASH will become TRASH as we head over the Energy Cliff.\u00a0 Now, I am not saying cash will be trash tomorrow, but investors need to start turning some of their cash into physical gold and silver because they are the real STORE OF VALUE.<\/strong><\/span><\/p>\n

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According to IIF – Institute of International Finance, Global Debt has gone up exponentially since the late 1990s.\u00a0 The chart below shows Global Debt from 1950 to 2012.\u00a0 It took five decades (50 years) for the global debt to increase from a few trillion to over $60 trillion and then just 22 more years to quadruple to over $300 trillion.<\/strong><\/span><\/p>\n

Here is the chart below for Global Debt for yearend 2021.\u00a0 Can you imagine global debt increasing by $60 trillion in 50 years versus another $240+ trillion in just 22 years??\u00a0 This debt has been used to prop up the economy and to continue extracting lower quality oil to keep Business as Usual going while making the Global Supply Chain more Complex and Fragile.<\/p>\n

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And… the IIF reported total Global Debt increased to $305 trillion in Q1 2022, mostly due to the USA and China<\/strong><\/span>.\u00a0 With the Fed and central banks increasing interest rates, this is a recipe for DISASTER.\u00a0 Gail Tverberg explains this in her newest article, Is the debt bubble supporting the world economy in danger of collapsing?<\/strong><\/em><\/a><\/p>\n

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I have been warning for many years now that the world is facing the ENERGY CLIFF, and it seems that we are moving quicker than I anticipated due to several factors, such as the Russian-Ukraine War.\u00a0 This war has revealed the FRAGILITY of the Global Supply Chain and Oil Industry.<\/p>\n

As I mentioned, I will be discussing this topic LIVE with Tom at Palisades Radio on Twitter Spaces, Thursday at 3 pm EST.<\/strong><\/span><\/p>\n

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Set a reminder for my upcoming Space with @SRSroccoReport<\/a> talking energy cliff, metals and energy. Thursday May 19th at 3pm EST https:\/\/t.co\/PmsSlnjcFq<\/a><\/p>\n

— Palisades Gold Radio (@PalisadesRadio) May 16, 2022<\/a><\/p><\/blockquote>\n