The World is Swimming In Debt - $233 TRILLION

in economics •  7 years ago  (edited)

Oooh gotta buy myself a silver snorkel.

"(Reuters) - Global debt levels rose to more than 325 percent of the world’s gross domestic product last year as government debt rose sharply, a report from the Institute for International Finance showed on Wednesday."
(https://www.reuters.com/article/us-global-debt-iif/total-global-debt-tops-325-pct-of-gdp-as-government-debt-jumps-iif-idUSKBN14O1PQ)

()

https://www.bloomberg.com/news/articles/2018-01-05/global-debt-hits-record-233-trillion-but-debt-to-gdp-is-falling

https://www.businessinsider.com.au/global-debt-his-record-233-trillion-debt-to-gdp-falling-2018-1?r=US&IR=T

DOW-vs-Gold-Silver-Sept-8th.png

"I gather this chart wraps up the situation nicely. As the U.S. Govt pumps up the market with another $500 billion in debt, the stock market continues to move into BUBBLE TERRITORY. Unfortunately, precious metals investors have to be patient until the Fed and U.S. Treasury completely BLOW UP the market."
(https://srsroccoreport.com/stunning-u-s-government-debt-increase-in-past-few-days-while-no-one-noticed/)

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(https://www.bloomberg.com/news/articles/2017-04-10/fed-rate-hikes-raise-risks-for-asian-nations-swimming-in-debt)

I'm @jagged

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It's someone else's money, isn't it? Let them pay it back!

😭😭😭
Too much debt