World debt at $250 trillion is 3x global GDP – an all-time record. And if we add unfunded liabilities and derivatives, total debts and liabilities amount to over $2 quadrillion which is 25x global GDP.
This is not going to end well.
Wow that is a lot of debt over-hanging the world. The housing market in Australia with all those high-priced houses is already crumbling.
World debt at $250 trillion is 3x global GDP – an all-time record. And if we add unfunded liabilities and derivatives, total debts and liabilities amount to over $2 quadrillion which is 25x global GDP. This is not going to end well.
Be interested to know what's the source for this information? Can you post a link?
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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