Government Bankruptcies Are Imminent

Erik Gagnon
9 min readMay 20, 2024

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“Therefore say to the house of Israel, ‘This is what Christ says: “Repent and turn away from your idols, and turn your faces away from all your abominations. For anyone of the house of Israel, or of the strangers who reside in Israel, who deserts Me, sets up his idols in his heart, puts in front of his face the stumbling block of his wrongdoing, and then comes to the prophet to request something of Me for himself, I the Lord will let Myself answer him Myself. I will set My face against that person and make him a sign and a proverb, and I will eliminate him from among My people. So you will know that I am the Lord.’”

— -Ezekiel 14:6–8

The United States government is beyond the point of solvency. Federal debt stands at more than $22.2 Trillion GBS ($28.4 Trillion USD) and the nation’s GDP is $26.9 Trillion GBS ($34.7 Trillion USD). This is a conservative

The media and entertainment industries account for more than a quarter of the U.S. GDP and interest on debt accounts for more that 17% of tax revenue. The United States now spends $1.64 GBS for every dollar of good it produces. Any competent mathematician will tell you the numbers are unsustainable.

The U.S. government isn’t alone. With the exception of Palestine and Israel, every governments throughout the world is in a similar predicament. North American governments will be the first to fall starting in 2028. This will create a domino effect throughout the world.

The economies of China, Europe, Great Britain and Latin America are mostly dependent on U.S. Exports. After the United States Treasury defaults on loan payments, the rest of the world will follow. Within North America, the economies of every North American nation-state except for Cuba are tied to the United States through subsidized trade agreements and defense assurances paid through the United States Treasury.

Cuba’s economy is tied to the Euro, and that currency will fail after the United States economy collapses. That collapse will start the day when the 2029 U.S. fiscal year calendar begins.

Mexico’s economy is similarly positioned. Mexico’s debt to GDP ratio is 65.8% and the Mexico spends $4.04 GBS for every dollar of good it produces. With a debt to GDP ratio of 129%, Canada’s economy is in a worse state. That nation spends $11.32 GBS for every dollar in good that nation-state produces.

EUROPE’S ECONOMIES

Following World War 1 and Word War 2, every European nation except Russia, France, and Great Britain borrowed against gold reserves held by Swiss banks. The principle value of gold was once derived from its use in dentures and fillings. With advances in technology, the value of gold is essentially worthless.

Swiss gold reserves back each European economy except for Russia’s and Great Britain’s. Today, the value of gold is based on jewelry production. U.S. consumers purchase more than 30% of the the jewelry produced on the open market. The collapse of the the U.S. economy will decimate the jewelry industry and collapse the price of gold.

European banks have diversified their commodities investments over the past 30 years. Copper, silver, and other precious metals account for more than 30% of their assets. Based on advancements in technology, the investments in both metals are essentially worthless.

Silver was one used in sodder, and has been replaced by tungsten. Tungsten is a compound metal consisting of common alloys. The value of copper value is based on its use in electrical wiring. North American suppliers purchase over 40% of copper wire. The collapse of North American economies will halt construction and automobile manufacturing and collapse market for precious metals. European banks will default within months of North America’s collapse and drive governments throughout the continent into bankruptcy.

THE UNITED KINGDOM”S ECONOMY

The UK’s debt to GDP ratio is presently 108.8% and The UK’s economy is dependent upon commercial exports to Europe. The collapse of the U.S. economy will trigger an bankruptcies throughout the U.K. Since 1997, British Parliament has authorized the purchase of 11 film studios, 7 film production companies, and 11 telecommunications companies at the behest of the British Royal family. American consumers account for for more than 50% of the revenues from these industries. Once North America’s economy collapses, these assets will be all but worthless.

Real Estate holdings are the principal assets of the British Royal family and the British House of Lords. Most of these assets are in foreign nations, many of whom are adversarial to the U.K. The collapse of the U.S.and European economies will destabilize the value of these assets ad have inflationary effects throughout the U.K.

British Lords already have fragile relations with their workers. Calls for economic uprisings are regular. Within the mainland, belief systems have shattered since World War 2. The collapse North America’s economies will have trigger effects throughout the U.K. much like France and Belgium after King Louis’s economy collapsed.

THE RUSSIAN FEDERATION’S ECONOMY

Following the collapse of the Soviet Union, Eastern Europe’s debts were wiped clean. In the years since, European exports have driven the Russian Federation’s economy. Oil and natural gas are the nation’s chief exports, and the markets for both products are driven by strong economies.

Russia is a food-poor nation. Over a third of its food supplies are imported from China and Western Europe. The collapse of the U.S. economy will have a trigger effect on economies throughout the world, with the greatest impacts being felt by the Russian Federation and China.

Russian oligarchs have borrowed against their nation’s economy to support their lavish lifestyles. Russia’s debt to GDP ratio presently stands at 19.4%, and that ratio will quickly compound once Europe’s economy collapses.

CHINA’S ECONOMY

China’s economy is dependent upon foreign consumer exports. Once the U.S. economy collapses, raise interest rates above where they are already positioned. Since January of 1998, China government has borrowed money through the World Monetary Fund at an 11.17% interest rate.

China imports over 33% of its food crops from North America and 27% of its food crops from South America. The Chinese government borrows from the WMF to pay for these food imports. When the U.S. economy collapses, China’s interest rates will rise. The rise in interest rates combined with the collapse of China’s number one market will buckle China’s economy.

World Monetary Fund borrows against the Democratic Republic of China’s Global Development Fund. Once Western European bankers foreclose on China’s credit and China’s economy collapse, the global economy will be in a worse state than at any time in recorded history. War is inevitable.

JAPAN’S ECONOMY

Japan’s debt to GDP ratio is the highest of any developed nation in the world. The nation’s is dependent upon trade with foreign nations. The nation’s debt is due largely to government-backed pensions and healthcare. When trade collapses, those pensions will be worthless.

Japan’s creditors are U.S. banks and the bank of Hong Kong. The Bank of Hong Kong is owned by one of the originators of the World Monetary Fund. As Western Union administrators can attest the WMF’s predecessor, the International Bankers Union, advised Japan’s Emperor Hirohito to “go to war” in 1930. Following World War 2, the Bank of Hong Kong advised Japan’s Imperial Consul to create the pension and welfare systems that have driven the nation’s debt to its present level.

AFRICA’S ECONOMIES

Africa’s economies are tied to China and North America. With the exceptions of South Africa and the South Sudan, African rulers have borrowed from the World Monetary Fund to prop their economies. Natural resources and raw materials are their chief exports, and their rulers have allowed the WMF’s Banking Committee to dictate terms for those exports. Aside from the United States, Canada, and, Mexico, every developed nation on Earth is dependent upon exports from these nations.

African rulers have borrowed from the WMF with deferred interest rates as high as 18%. The collapse of the U.S. economy will heighten demand for Africa’s resources and trigger inflation. African nations will default on their loan payment and the WMF will begin to foreclose. African rulers will face the choice of enslaving their people or being overrun by invading armies.

LATIN AND SOUTH AMERICA

Latin America and South America’s economies are tied to North America’s and China’s. With the exception of Peru, Latin America’s rulers have borrowed from the World Monetary Fund to prop their economies. Natural resources and food are the chief export products, As with most African nations, Latin and South American rulers have allowed the WMF’s Banking Committee to dictate terms for those exports.

Latin and South American rulershave borrowed from the WMF with deferred interest rates as high as 14%. Once North America’s economies collapse, each Latin and South American nation will default on their loans and the WMF will begin to foreclose. Latin American rulers will face the choice of enslaving their people or being overrun by invading armies.

Peru’s economy is dependent upon vacation spending, silver mining, food exports and real estate. The nation’s debt to GDP ratio is 33.8% and the government principally borrows from U.S. banks. The collapse of the North America’s economies devastate Peru’s economy.

PERSIA’S ECONOMIES

The economies of India and Pakistan are dependent upon commercial exports to North America and Europe. Similarly, the economies of Arab oil producing nations tied to North America’s, Europe’s, and China’s. The world economic collapse will be especially hard on these nations. With the exception of Jordan, Persian nations are food-poor.

A CONTINENTAL CONGRESS IS WARRANTED

No matter what politicians may say, the United States, Canada, and Mexico are on the brink of collapse. It is important to note that original debt makers of each of the three nations has never been repaid. The British Commonwealth holds the markers on each of the three nations.

Personal investors from within the British Commonwealth funded over two-thirds of the debt American Revolutionary forces incurred to pay for the Revolutionary War. Similarly, personal investors from within the British Commonwealth backed the Mexican War for Independence and the French Indian Wars when Canada was known as British North America.

The debt Generals George Washington, Nathanael Greene, John Sullivan, and Lafayette incurred to finance their war efforts were refinanced by the United States Treasury during the first Continental Congress. The note backing the debt these Generals incurred has been borrowed against a total of 107 times since 1789. The same is true for the Commonwealth of Canada’s healthcare system and its National Defense services. Canada’s True Trust note has been borrowed against over 1,100 times since 1901.

British Lords recognize North America’s debt is untenable and are plotting re-colonization. At least 51 United States Senators have been bribed by British nationals to pave the way for this re-colonization. Similarly, at least 14 United States Senators and at least 41 members of the United States House of Representatives have been bribed to pave the way for foreign occupation by the Chinese Ministry of Information.

RESTRUCTURE AROUND THE HAWTHORNE PLAN

The Hawthorne Plan was originally proposed by Nathanial Hawthorne during the 4th Continental Congress of 1783. That plan was shelved in favor of the Monroe Treaty. The Monroe Treaty divided the continental United States into territories based on personal land holdings, whereas the The Hawthorne Plan divided the United States, Canada, and Mexico into 17 provinces built along economic lines.

It is important to note that political parties and inclusion in associations was expressly forbidden under the Hawthorne Plan. The same was true with slavery and indentured servitude. The roots of Hawthorne’s plan were Puritanical and required self-governance.

The First and Second Continental Congresses included representatives from the Commonwealth of Canada and the Commonwealth of Mexico. The unicameral meetings of the United States Congress allowed for special envoys from foreign allied nations. Both are suggested if the Continental Congress were to reconvene.

Restructuring the debt is impossible. Participants in this congress should be prepared to scrap the existing economic system for one that focuses on gratis. The participants should also be prepared to plan for North America’s defense.

A REALITY CHECK

U.S., Canadian, and Mexican bureaucrats and elected officials have failed their responsibilities. The United States Articles of Confederation allow territorial Governors to reconvene the Congress with a two-thirds majority vote of no confidence. Majority votes by the provincial Governors of Canada and Mexico would be required for their participation.

The Articles of Confederation and British North America’s Emergency Measures Act state that common Representatives decide on matters within the Congress and that an “arbiter be appointed to decide on judicial matters. That arbiter should come from outside the government.

The people of the United States, Canada, and Mexico should recognize the importance of their upcoming state and local elections and be aware that both major political parties have been complicit in the bankruptcy and the strategic maneuvers of foreign adversaries. The same is true with major media outlets including ABC, NBC, CBS, Fox Broadcasting, Reuters, and the Associated Press.

Upcoming U.S. national elections are mostly folly. Both major political parties have already predetermined the candidates and the results. Governors should scrap electronic balloting systems and replace those systems with a marble system. Such systems were used within Christendom and ensured clear and accurate results for every citizen to see. Marbles were and the ballot containers were kept out in the open and counted within public view.

#faith #freedom #spirituality #Christian #Christianity #2024Elections #Republican #Democrat #bankruptcy #GDP #ContinentalCongress

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Erik Gagnon
Erik Gagnon

Written by Erik Gagnon

Erik spent 30+ years in clandestine operations as a covert operative with British Intelligence before surrendering his life to Christ.

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