Global debt is MASSIVE
The world's already huge debt load smashed the record for the highest debt-to-GDP ratio before 2019 was even over.
In fact, it broke that record in the first nine months of last year. Global debt, which comprises borrowings from households, governments and companies, grew by $9 trillion to nearly $253 trillion during that period, according to the Institute of International Finance.
Rising debt across the world has been a big concern for investors and has also been flagged as the next breaking point by a number of economists.
Debt is artificial, a creation of economists. This is their failure. Time to rebuild the world, and put the economists and lawyers at the bottom of the ocean. if the bankers want to collect, they are free to join them.
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