Of coarse, lets not forget the End Time prophesies:
Wars and rumors of wars
Cataclysmic events fortold: flooding, locusts, frogs, rising oceans
One world language and monetary system
The Mayan calendar ends Dec 21 2012 with
Are all these world events (physical, fiscal and natural) pointing to an unavoidable end? Should we rely on governments to handle debt crisis when they are voted in by people who can't even balance their cheque-books between paydays? Nobody wants to lose government services, or pay more taxes but if something isn't done soon then even us in Canada could be the next in line to accept a handout from the IMF. What happens in the end? Is the next era the one where societies are bank-run? Oh, but banks are bailed out by government with their own money on loan. Oh my, what a conundrum!
Here's the Stats:
Canada owes over 814 billion dollars to the Bank of Canada which equals to $25'000 per man woman and child. My immediate family owes $150'000.
In Zimbabwe, a baby is born into $36'000 debt with what chance to repay? 34% of working age adults are inflicted with AIDS. What chance do they ever have of paying off that debt?
Germany has a national debt of 1.8 trillion, meaning every citizen owes roughly $22'000 per citizen.
The Police States of America owes $25'000, roughly the same as Canada, only we're better looking.
The IMF loans money at the astonishingly low rate of 3.5%. That's fine if you're buying your first car or even house, but Canada, if bailed out would still owe $28b a year just in interest, roughly $863 per person. So basically the IMF is a debt consolidator on a global scale.
So as the world financial system collapses around us, what are we going to do?