The Great Reset: Debt armageddon – Desperate time are coming as credit cards are maxed-out.

What if as an incentive to sign up for CBDCs is to have all your debts forgiven? Including the governments' borrowed debts? Is that the reason, or part of the reason, governments are printing money out of thin air to give you free money and buy your votes and support, and in the process transfer free money to the globalists and elites through things like massive funding for the war? And leaders such as Canadian PM Justin Trudeau encouraging his people to max-out on their credit cards?

"An alarming issue in the economy is the out of control growth of consumer debt. The most recent economic data by the Federal Reserve indicates that consumer debt is consistently rising, which is a concerning sign of a possible upcoming recession.

"Which is again contrary to what all the so called experts are saying. In their view the growth and the little slowdown that we are experiencing is a healthy sign. But again it is the exact opposite. Consumer debt was initially rising so sharply because people are having troubles coping with the inflation and job losses. That is why they have maxed out their credit cards to survive another month."

"But due to the banking crisis, lending standards have been tightened up as part of the ongoing credit crunch where financial institutions stop lending because of the economic worries that are growing. Therefore the recent decline in the consumer debt growth is not a sign of people deciding to spend less. It is because people are forced to spend less because their credit cards are already maxed out. This is when the recession really starts to hit because people can no longer feed their families and afford the essentials like food and energy. It is now about to get really ugly unfortunately."

More in this a.i. Financial video.