Putin: Anything US touches turns into Libya or Iraq

Wall Street Admits That A Cyberattack Could Crash Our Banking System At Any Time

Wall Street banks are getting hit by cyber attacks every single minute of every single day.  It is a massive onslaught that is not highly publicized because the bankers do not want to alarm the public.  But as you will see below, one big Wall Street bank is spending 250 million dollars a year just by themselves to combat this growing problem.  The truth is that our financial system is not nearly as stable as most Americans think that it is.  We have become more dependent on technology than ever before, and that comes with a potentially huge downside.  An electromagnetic pulse weapon or an incredibly massive cyberattack could conceivably take down part or all of our banking system at any time.

This week, the mainstream news is reporting on an attack on our major banks that was so massive that the FBI and the Secret Service have decided to get involved.  The following is how Forbes described what is going on...

The FBI and the Secret Service are investigating a huge wave of cyber attacks on Wall Street banks, reportedly including JP Morgan Chase, that took place in recent weeks.

The attacks may have involved the theft of multiple gigabytes of sensitive data, according to reports. Joshua Campbell, supervisory special agent at the FBI, tells Forbes: “We are working with the United States Secret Service to determine the scope of recently reported cyber attacks against several American financial institutions.”

When most people think of "cyber attacks", they think of a handful of hackers working out of lonely apartments or the basements of their parents.  But that is not primarily what we are dealing with anymore.  Today, big banks are dealing with cyberattackers that are extremely organized and that are incredibly sophisticated.

The threat grows with each passing day, and that is why JPMorgan Chase says that "not every battle will be won" even though it is spending 250 million dollars a year in a relentless fight against cyberattacks...

JPMorgan Chase this year will spend $250 million and dedicate 1,000 people to protecting itself from cybercrime — and it still might not be completely successful, CEO Jamie Dimon warned in April.

"Cyberattacks are growing every day in strength and velocity across the globe. It is going to be continual and likely never-ending battle to stay ahead of it — and, unfortunately, not every battle will be won," Dimon said in his annual letter to shareholders.

Other big Wall Street banks have a similar perspective.  Just consider the following two quotes from a recent USA Today article...

Bank of America: "Although to date we have not experienced any material losses relating to cyber attacks or other information security breaches, there can be no assurance that we will not suffer such losses in the future."

Citigroup: "Citi has been subject to intentional cyber incidents from external sources, including (i) denial of service attacks, which attempted to interrupt service to clients and customers; (ii) data breaches, which aimed to obtain unauthorized access to customer account data; and (iii) malicious software attacks on client systems, which attempted to allow unauthorized entrance to Citi's systems under the guise of a client and the extraction of client data. For example, in 2013 Citi and other U.S. financial institutions experienced distributed denial of service attacks which were intended to disrupt consumer online banking services. ...

"... because the methods used to cause cyber attacks change frequently or, in some cases, are not recognized until launched, Citi may be unable to implement effective preventive measures or proactively address these methods."

I don't know about you, but those quotes do not exactly fill me with confidence.

Another potential threat that banking executives lose sleep over is the threat of electromagnetic pulse weapons.  The technology of these weapons has advanced so much that they can fit inside a briefcase now.  Just consider the following excerpt from an article that was posted on an engineering website entitled "Electromagnetic Warfare Is Here"...

The problem is growing because the technology available to attackers has improved even as the technology being attacked has become more vulnerable. Our infrastructure increasingly depends on closely integrated, high-speed electronic systems operating at low internal voltages. That means they can be laid low by short, sharp pulses high in voltage but low in energy—output that can now be generated by a machine the size of a suitcase, batteries included.

Electromagnetic (EM) attacks are not only possible—they are happening. One may be under way as you read this. Even so, you would probably never hear of it: These stories are typically hushed up, for the sake of security or the victims’ reputation.

That same article described how an attack might possibly happen...

An attack might be staged as follows. A larger electromagnetic weapon could be hidden in a small van with side panels made of fiberglass, which is transparent to EM radiation. If the van is parked about 5 to 10 meters away from the target, the EM fields propagating to the wall of the building can be very high. If, as is usually the case, the walls are mere masonry, without metal shielding, the fields will attenuate only slightly. You can tell just how well shielded a building is by a simple test: If your cellphone works well when you’re inside, then you are probably wide open to attack.

And with electromagnetic pulse weapons, terrorists or cyberattackers can try again and again until they finally get it right...

And, unlike other means of attack, EM weapons can be used without much risk. A terrorist gang can be caught at the gates, and a hacker may raise alarms while attempting to slip through the firewalls, but an EM attacker can try and try again, and no one will notice until computer systems begin to fail (and even then the victims may still not know why).

Never before have our financial institutions faced potential threats on this scale.

According to the Telegraph, our banks are under assault from cyberattacks "every minute of every day", and these attacks are continually growing in size and scope...

Every minute, of every hour, of every day, a major financial institution is under attack.

Threats range from teenagers in their bedrooms engaging in adolescent “hacktivism”, to sophisticated criminal gangs and state-sponsored terrorists attempting everything from extortion to industrial espionage. Though the details of these crimes remain scant, cyber security experts are clear that behind-the-scenes online attacks have already had far reaching consequences for banks and the financial markets.

In the end, it is probably only a matter of time until we experience a technological 9/11.

When that day arrives, will your money be safe?

Credit to Economic Collapse

Aviation authorities on red alert for ash cloud after Iceland

Iceland has reopened the airspace above its largest volcano after scientists downgraded its threat to 'orange'. 

The directive came after the country's Met Office today issued a 'red alert' early this morning after the Bardarbunga volcano erupted last night.

Even though no volcanic ash was detected, authorities took the unusual step of banning all flights over the volcano in a move that echoed the Eyjafjallajokull ash cloud disaster which brought European air travel to a standstill for six days in 2010.



An aerial view showing white clouds of smoke and steam rising from an eruption taken during a flight over the Holuhraun lava field north of the Vatnajokull glacier




Glowing: Magma erupts at the surface of the Vatnajokull glacier on Bardarbunga volcano



The dark areas in this infrared image show the heat from lava beneath the surface close to the volcano


Peaceful: Steam and smoke rise over a 1km fissure in the lava field north on Bardarbunga


Credit to Dailymail.com.uk
Read more: http://www.dailymail.co.uk/travel/travel_news/article-2737493/Volcano-experts-declare-red-alert-Iceland-s-Bardarbunga-erupts-overnight-prompting-immediate-flights-ban-echoing-2010-ash-cloud-disaster.html#ixzz3BniUsRhQ

The Elites Treat The World Like Their Own Playground

UK Raises Terror Threat Level To 'Severe'

Britain's government has raised the country's terror threat level to "severe," Home Secretary Theresa May said on Friday.

It's the second highest of five potential threat levels. According to the U.K. government, it means an attack is "highly likely." But there is no intelligence to suggest an attack is imminent.

May said the threat level was raised because of the risk from the deteriorating situation in Iraq and Syria, where extremist militants from the group calling itself the Islamic State (also ISIS or ISIL). May said, however, that there was no specific threat to Britain that caused the raise in the terror level. This is the first time Britain's terror threat level has been at "severe" since 2011.

"The increase in the threat level is related to developments in Syria and Iraq where terrorist groups are planning attacks against the West. Some of these plots are likely to involve foreign fighters who have traveled there from the UK and Europe to take part in those conflicts," May said in a statement.

"The first and most important duty of government is the protection of the British people," May said. "We have already taken steps to amend our powers and increase our capabilities for dealing with the developing terrorist threats we face. That process will continue and the British public should be in no doubt that we will take the strongest possible action to protect our national security."

In a statement delivered from Downing Street in London Friday afternoon, U.K. Prime Minister David Cameron said Britain was facing a "greater and deeper threat to our security than we have known before." He said confronting ISIS was part of a generational struggle that he thought could last "decades."

"Poisonous ideology of Islamist extremism is the root cause of the terror threat," Cameron said. "We will always act with urgency when needed."

Terrorism threat levels

The threat level indicates the likelihood of a terrorist attack in the UK.

There are 5 levels of threat:

• low - an attack is unlikely
• moderate - an attack is possible but not likely
• substantial - an attack is a strong possibility
• severe - an attack is highly likely
• critical - an attack is expected imminently

Credit to Business Insider

Read more: http://www.businessinsider.com/uk-terror-threat-level-severe-2014-8#ixzz3BnSYXeO4

The Nightmarish Megacities of the Near Future

Six years ago, during the 2008 presidential campaign, I attended a Town Hall meeting sponsored by Republican and Presidential hopeful, Senator John McCain, where he was asked if he was opposed to the spread of the United Nations Agenda 21 policies throughout the United States. McCain proudly proclaimed that he had never heard of Agenda 21. That was an interesting comment coming from a senator who co-sponsored the Central American Free Trade Agreement (CAFTA) which erased all American tariffs, established an international high corridor transportation system for the elite’s business needs and obliterated the constitution in the process.

During this time, the global elite’s plan to establish 11 megacity regions, each containing approximately six million people each was being established under stealth. McCain had a vested interest in lying to his fellow Arizona citizens about the role that his creation, CAFTA, would play in the establishment of the New World Order running amok and swallowing up what would be left of America.

It was during this time that McCain’s obvious obfuscation of the truth sent me researching the megacities concept. Even with the availability of sparse information, I was able to determine that Americans would be herded up like cattle and deposited into these 11 regions. It was also during this time that if you dared to speak of the megacities concept, people would just roll their eyes and call you a “conspiracy theorist”. Times are changing.

In the present time, locating the publicly available information on the megacities topic is child’s play. In fact, I am quite shocked that more of my colleagues in the truthful media are not immersed in this topic and shouting from the rooftops about the implications posed by the implementation of these 11 urban areas to our collective lives, liberties, properties and our very existence.

The Truth About Megacities Is Out In the Open

Where ever you find a bold new initiative related to the plans of the global elite, you will find documentation arising from various think tank organizations in support of these goals. With regard to the coming forced subjugation of the American population to the “stack and pack” megacities, two important papers, the 3-D: Infrastructure for California’s Future and the National Academy of Public Administration’s “Memos to National Leaders: Partnerships as Fiscal Policy”, jump to the front of the line in espousing the megacities concept.

These papers focus on how tax restructuring can be used to finance and build the new megacities. I wrote about these tax plans emanating from Obama’s community activist mentor, Mike Krulig and his group known as Building One America, in a previous article. These papers detail the plan to depopulate and destroy the suburbs and the rural areas of America while diverting the tax base derived from the suburbs and rural towns, cities and counties and using that money to construct the infrastructure of the megacities.

The Plan to Enslave America

The trademarked tag line for my show, The Common Sense Show, Freeing America One Enslaved Mind At a Time, was consciously chosen to represent the brainwashing that Americans face with regard to the critical issues facing our country.

The CFR, no longer a secret.

I grew up in an era where the media scoffed at the existence of the Council on Foreign Relations (CFR) and the Trilateral Commission and their goals for creating a one world government and economic system. Today, prominent politicians, such as Hillary Clinton, make press statements with the CFR logo in the background as if to signal her allegiance to their globalist goals. Agenda 21 is going through a similar transformation. The purveyors of the new system don’t care if you know the truth because they believe that their plans are so far advanced that there is nothing you can do to stop the continued implementation. Continued implementation, you ask? Need I say more about our collective ignorance…?

What will these megacities look like? How will they function? Let me just say that if the average person understood what the final product is going to look like, the backlash from the populace would make the rioting in Ferguson, MO. look like a picnic by comparison.

A Snapshot of the Future

There are a number of prominent players emerging in this enslavement of America and one has taken center stage and it is called “America 2050“.

When Americans begin their morning as they depart their high rise “Stack and Pack” apartment building, they will be immediately scanned, identified and followed by theIntellistreet light poles. The light poles, already have been beta-tested in Farmington Hills, MI. and in Birmingham, UK., and will scan you for weapons after identifying you. It will have the capability to speak to you (i.e. “Don’t jaywalk Mr. Smith), issue summons to be mailed to your computer and notify the police of your location if you have a warrant for your arrest. In the last line of the following manufacturer video on Intellistreets, they admit to housing Department of Homeland Security features, but the video does not elaborate.

I have been made privy to the new technology which is being rolled out in cities like Las Vegas and various college campuses as I write these words.

Some of the DHS features would include what is loosely referred to as “mind-reading technology”. The Defense Advanced Research Projects Agency (DARPA) is investing $70 million to develop a new implant that can track, and respond to, brain signals in real time. In the summer of 2013, I was contacted by an anonymous source who wanted to come on my show and expose a DARPA program of mind-reading being researched and implemented at Arizona State University. Less than two days before his scheduled appearance, he backed out sighting fears for his life. Confirmation for the involvement of Arizona State University in this project isconfirmed here.

In short, Intellistreets is part of the overall Smartgrid system which will have the capacity to control 100% of your energy usage and, as we can now see, this system will monitor the population for dissident thinking and planning, presumably with the goals of eliminating any and all dissent.

Prominent scientists such as globalist servant, Michail Fragkias, who serves as the chief scientist for the UIN’s “Planet under Pressure” boldly states in his best Fabian Socialist voice that people should be required to reside in densely populated cities because “we certainly don’t want them strolling about the entire countryside. We want them to save land for nature by living closely together.”

Scientists, such as Fragkias, are developing technology which would seem quite unbelievable to the average person. Americans will be living in 300 square foot apartments, in buildings that contain furniture that folds into the wall and televisions that can become translucent or opaque upon command. The commoners will not own cars as did feudal serfs, from centuries ago, the average person will never stray more than a few miles from their home base.

The new Trans-American Freight Network

High speed rail lines, just like in the movie Hunger Games.

The America 2050 plans include high speed bullet trains which will only be used to connect the 11 megacities. These federally funded projects are already underway. Does your city have light rail? If so, your community is already a participant. New York City, San Francisco, Chicago and Ft. Collins, CO. are just a few of the many communities that are building micro apartments.

Don’t pack too much, your future living quarters are being downsized.

How Will the People Be Moved Into the Stack and Packs?

As I have previously pointed out, in China they are moving rebellious rural area residents, from the outlying provinces, into the stack and pack cities, dubbed “Ghost Cities”, and they are doing so by force and at the rate of one million citizens per month.

In the United States, food will be the weapon of choice that will be used to be move people to the target areas. Today, people are being nudged by EPA and BLM policies to the inner city areas. In tomorrow’s world, food will be the enticer to move people to the inner city. With small farmers out of the way, only large corporate farms will exist.

A prominent player in the new megacities concept is Ecocity Builders. They espouse the four following beliefs:

• Human settlements modeled after sustainable development that functions with natural ecosystems and living organisms
• Reduce the inhabitants ecological impact on the environment
• Restoration of ecosystems after the recolonization of humans into dense cities
• Sustainable living under Agenda 21 supports regional, national and global economic systems

Please note the phrase “recolonization of humans into dense cities”.  Does the term “recolonization” really need any further explanation?

The New Math

Thanks to Ted Turner for making it clear what the globalists truly want.

China presently has 65 million micro apartments that are vacant. Forgetting the Chinese one child policy, let’s assume that the Chinese have four occupants per unit.

65,000,000 x 4= 260 million Chinese residents with a home

Here is a second math problem that figures prominently into the future of the Chinese and their present 1.2 billion citizens:

1, 200, 000, 000 Chinese Citizens- 260, 000, 000 Chinese with homes

=

940,000,000 missing Chinese

America has a similar math problem . Today, our estimated population is 310 million people. Yet, the 11 megacities are only expected to house six million people each.

310,000,000 million Americans – 66,000,000 megacity dwellers

=

244,000,000 missing Americans

Credit to Common Sense

Time Out Live: Doc Marquis

ISIS Plans On Assassinating The Pope

By Theodore Shoebat

ISIS is targeting Pope Francis, calling him the “bearer of false truth.” According to an Italian source, ISIS is not only setting their sites on the Vatican, but more specifically, on Pope Francis himself.

Italian authorities have already issued an alert giving warnings on places that our potential targets to terrorist, and one on the list, being very significant, was “places of worship,” which would include the Vatican.

It has been reported that at least 50 people from Italy are now fighting for ISIS, 80% of whom are native Italians who converted to Islam. One of the reasons for their conversion, according to one Italian newspaper, was “distrust in the Catholic Church,” indicating the connection between Islam and anti-Catholicism.

Most interestingly, the goal to force the Vatican to become Muslim was recently stated by an ISIS agent in Italy named Imam Ismar Mesinovic, a Bosnian Muslim who stationed himself in the country to recruit Italian converts to fight for ISIS. He said:

We Muslims believe that one day the whole world will be an Islamic state. Our goal is to make sure that even the Vatican will be Muslim. Maybe I will not be able to see it, but that time will come.

Shoebat.com was the first to find a video in which ISIS declared that they are going to take over the Vatican:

The Italians have also restricted airspace above Vatican City, and have even increased security for St. Peter’s Basilica, a place the Muslims would love to sack. In fact, in the year 849, the Muslims did indeed pillage and plunder St. Peter’s Basilica, stealing the altars and the chalices, and spilling Christian blood, but thank God Pope Leo IV drove them out, with God’s intervention.

Speaking on these security measures, interior minister Filippo Bubbico said:

ISIS poses an international and European security threat and we in Italy feel particularly exposed

The alert by Italian authorities came after Italy approved a measure to send weapons to Kurdish fighters combating ISIS. Ships exporting the weapons from Sicily into the Middle East have been under heavy security, as we read from an Italian report:

Italy’s national security authorities last Wednesday issued an alert for possible terrorist attacks on “sensitive targets” after receiving unspecified “threats”. The advisory came after parliament OK’d plans to arm Iraqi Kurds battling an Islamic State (ISIS) fundamentalist offensive in northern Iraq. As a result, authorities are ramping up security at all ports with connections to North Africa and the Middle East, most of which are located in Sicily.

This must be one of the reasons as to why one ISIS jihadist called Obama “the dog of the Romans,” before slaughtering a Kurdish militiaman, since Italy is sending weapons to Kurdish fighters in order to combat ISIS. The video of this can be watched here:

In the 16th century, the Ottoman Turks attempted to invade the Vatican under the lead of the Sultan Mehmet II who said that he would invade Rome and have his horse “eat from the high altar of St. Peter.”

But first the Turks had to begin in the coast, in order to make their way toward Rome. They stormed the southern Italian city of Otranto, and captured twenty two thousand people, twelve thousand of which were butchered, most of them for refusing to become Muslim, and the rest were sold into slavery. Such actions were no different than what ISIS does today. Eight hundred men were each given the chance to bend the knee to Allah, and each refused, and like the prophets of Israel they were all put to death, and their bodies fed to dogs.

The Turks murdered every cleric in the city. The Archbishop of Ontranto remained in his cathedral, standing before the altar, his hands holding onto the Blessed Sacraments; the Turks seized him and cut his body in half. Isabel, the queen of Spain and main instituter of the Inquisition, reacted at once to the massacre by sending a Castilian fleet to Italy to fight the Turks. Fear took hold of Pope Sixtus IV, who considered fleeing; for no doubt the Muslims would have wanted nothing more than to conquer the Vatican. But in short time he decided to remain, and sent out warriors throughout Italy and Europe or protect the peninsula from the raging Turks. The king of England, on the other hand, did nothing; neither did the French nor the Germans decide to help their Christian brethren. (1)

What will happen in the future will be quite similar to this: the revived Ottoman Empire, under the Antichrist, will try to invade the Vatican, but will be resisted by Italy and Spain, The Spaniards and the Italians, along with American, Russia, and other righteous nations, will be the instruments used by God to crush the Antichrist.

It has been my message for quite some time now that Islam was founded as an anti-Catholic movement, and these current becomings are a proof to that. Islam came to destroy the Catholic Church, and we will one day see the Ottomans attempt to invade the Vatican, just as they tried in the 16th century, but they will fail.

We must prepare our minds for the coming war against Islam.

Credit to Walid Shoebat

I Blame The Central Banks

Submitted by Chris Martenson via Peak Prosperity,

The current bubbles in financial assets -- in equities and bonds of all grades and quality -- raging in every major market across the globe are no accident.

They are a deliberate creation. The intentional results of policy.

Therefore, when they burst, we shouldn't regard the resulting damage as some freak act of nature or other such outcome outside of our control. To reiterate, the carnage will be the very predictable result of some terribly shortsighted decision-making and defective logic.

The Root of Evil

Blame can and should be laid where it belongs: with the central banks.

They were the "experts" who decided to confront the excesses of decades past (which saw borrowing running at roughly 2x the rate of real economic growth) with even easier monetary policies designed to spur even more borrowing.

Rather than take stock of the simple fact that nobody can forever borrow at a faster rate than their income is growing (no matter how large that entity may be), the Fed, the ECB, the BoJ and the BoE have conveniently overlooked that simple fact and then boldly claimed that the cure is identical to the disease.  If the problem is debt then the solution is even more debt.

If the Fed, et al. were doctors, they would prescribe alcohol to the alcoholic. They would administer more lead to the lead-poisoned patient. They would call for more water to put in the pool where a drowning individual is floundering.

The bottom line is that the Fed and its ilk made the disastrous decisions that gave us the first two burst bubbles of the new millennium. And the wonder of it all is that, instead of being met at the gates with torches and pitchforks and held to account for their errors, they have instead been granted even greater powers, less oversight, and practically zero blame.

And now they’ve given us a third and, I suspect, final bubble. By which I mean I think the effects of this bursting bubble will be so horrendous that a hundred years might pass before people will again be in the mood to speculate on fantasy wealth.

My hope is that, when this third bubble pops, the figurative (and, perhaps, literal?) torches and pitchforks come out. Finally forcing the central banks to answer to the public for their grievously poor decisions.

And yes, the investing public also bears a portion of the responsibility for playing along with the central banks. For years, some have consoled themselves with stories about how This Time Is Different, and many have ignored many obvious warning signs as they've enjoyed stock market and bond gains fueled by seemingly limitless liquidity.  

But in the end, it's the central banks that  set the tempo and the melody at the dance hall.  When they flood the world with liquidity and set interest rates to 0%, they enforce a Hobbesian choice: either play along in the risk markets, or sit in cash earning less than nothing as inflation eats away at your purchasing power.

The central banks are entirely to blame for mis-pricing money and that is the fundamental error that drives every bubble and betrays capital into hopeless investments.

So let’s all remember to place blame where it is due when the bubble bursts. We shouldn't act surprised because there’s really no honor in being caught unawares by something so obvious.

The Biggest Bubble(s) Of All Time

We’ve covered the equity bubble in the past, but today we’re going to cover the bond bubbles (yes, plural) because the current excess in the bond market is the granddaddy of them all, and is far larger than anything ever recorded in history by a very wide margin.

But for the sake of completeness, regarding equities, if you ever wanted to get the willies about the stock market in a single chart, I think this one from Doug Short of Advisor Perspectives which plots the relationship between equity prices and margin debt is about as good as it gets:

(Source)

Margin debt is simply money borrowed to buy equities.  Typically speaking, an average investor with $100,000 in an account can buy up to $150,000 worth of stock. Margin debt is fuel to a rising market and a lead anchor for a falling market. 

Yes, perhaps this time is different, or perhaps it’s exactly the same with speculators borrowing more and more as stock prices rise, sure in the knowledge that they will be smart enough to get out of the way of a falling market (this time).

But, enough of material we've covered here recently. Back to bonds.

When the bond bubble bursts, so much that people believe to be true will be revealed to be obvious and distressingly ordinary illusions.

When there’s simply too much debt, in the period leading up to a debt bubble's bursting, everyone is counting on getting paid his or her money back, both the interest and the principal. After the bubble bursts, it’s plainly obvious that no such thing will be happening.

As is always the case with bubbles (of any sort), the only important question that needs to be answered is: Who will take the losses?

One simple answer to that question is: Whoever is holding the bonds when the bubble bursts.

Bubbles are structured like a game of hot potato. When the timer finally dings, the person holding the potato loses. It doesn’t matter one whit whether the 'hot potato' was a tulip bulb, swamp land, a house in Las Vegas, or a paper financial security.

The really striking part about the global bond markets today is that the potatoes have never been more numerous, or hotter.

I suppose this would be a good time to revisit how Einstein defined insanity: trying the same thing over and over again and expecting different results.

Unfortunately for those hoping for a different outcome, history is 100% consistent on the matter: Bubbles always burst. And when they do, what people thought was fabulous wealth is proven illusory, and it simply vanishes.

Not that this clear historical record is keeping humans from trying to cheat the odds.

Given that the Fed has engineered three increasingly larger bubbles within an unprecedentedly-short fifteen-year time span, perhaps we shouldn't persecute them. After all, they may easily be able to plead 'not guilty' by reason of insanity.

$100 trillion – is that a lot?

We frequently throw around big numbers in our analysis. We even try to explain them in terms that help us mentally grasp an appreciation of their enormity (watch the video How Much Is A Trillion?, as an example). But the size of the bond market across the developed world defies even our best efforts.

After all, if $1 trillion dollars is a stack of $1,000 bills 68 miles high, then I guess $100 trillion would be a stack 6,800 miles high:

Global Debt Exceeds $100 Trillion as Governments Binge, BIS Says

Mar 9, 2014

The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record lowinterest rates, according to theBank for International Settlements.

The $30 trillion increase from $70 trillion between mid-2007 and mid-2013 compares with a $3.86 trillion decline in the value ofequitiesto $53.8 trillion in the same period, according to data compiled by Bloomberg.

The jump in debt as measured by the Basel,Switzerland-based BISin its quarterly review is almost twice the U.S.’sgross domestic product.

Note that global debt climbed by $30 trillion between 2007 and 2013, a 42% increase while global equities actually declined a few trillion (to $54 trillion), yielding a global debt-to-equity ratio of almost 2. [Note: Global equities are now valued at $66 trillion and are pouring on almost $1 trillion/week lately. Of course, they have a habit of going down, from time to time, even more quickly than they rise.  Something that is easy to forget in today's environment]

So, a 42% increase in just 6 years. Did global GDP advance by 42% during this same period? No. Not even close.

Did private companies borrow all that money planning to plow back into productive enterprises? Nope. Companies borrowed relatively little of $30 trillion, and even then, they mainly used that newly-borrowed money to buy back shares and/or stash it on their balance sheets.

Who did borrow all that money then?

Why, nations did. Sovereign entities that were desperate to keep things afloat and borrow heavily (because private concerns weren't able to take on new debt fast enough). 

Why? Because the world's debt pile must keep expanding. That's the world we live in today. If the pile should start to contract, the game of Who Will Take The Losses? begins. And governments know (sometimes consciously, sometimes subconsciously) that the debt bubble has become so monstrous, and so interconnected globally, that even a moderate correction will wipe out so many players that the world financial system will be brought to its knees. Or worse.

In Part 2: Something Very Wicked This Way Comes, we provide great detail into why sovereign and corporate (both high-grade and junk) debt markets simply and mathematically must contract. Current prices are so historically divorced from fundamentals at this stage that this 'prediction' is about as elementary as counting on gravity to bring a tossed stone back to earth.

Given the excesses of the stock and bond markets I am increasingly concerned that this next bubble burst will be far worse than any that has yet come since I've been alive. Countries will fail financially and economically, political upheaval will follow, fortunes and dreams will be shattered, and lots of people will lose their jobs.

In short, lots of things will break and cease to function as the greatest wealth transfer in all of history plays out.

Credit to Zero Hedge