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Americans & Entire Globe DROWNING IN DEBT As Are Most Public & Closely Held Corporations & Governments #DebtSaturation
2017 Jun 5, 2:26pm 6,168 views 16 comments
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Patrick
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2017 Nov 4, 3:20pm
Patrick
@
2017 Nov 4, 3:20pm
WookieMan says
Let's see if blocking China solves it. I hate to add any burden to legit users.
Is CAPTCHA in order at some point?
Let's see if blocking China solves it. I hate to add any burden to legit users.
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"The world has never been more in debt. According to the International Monetary Funds (IMF), total nonfinancial sector debt has hit $152 trillion worldwide, the highest gross debt ever recorded. The debt-to-GDP ratio is also at an all-time high of 225%, up from 200% 14 years ago."
http://nordic.businessinsider.com/the-world-now-has-152-trillion-in-debt-2016-10/
Debt will be the trigger for the next economic and social crises in many nations, including the U.S. and Canada (and UK, Australia, Spain, France, etc.)
Debt now is fueling inflation on necessities (housing, medical care, tuition, etc.) and is reaching a tipping point whereby households, businesses and governments will break quickly as soon as the next aggregate demand drop-based recession strikes (which will set off chain events of banking shock, layoffs, defaults, etc.).
#DrenchedInDebt