The Survival Economist
Premiered April 10, 2022
The Global Financial – DEBT BOMB! Global debt has reached $188 trillion, according to the International Monetary Fund. .The IMF has put out a statement tonight saying that debt is threatening global economic stability .in countries with advanced economies, public debt is at levels not seen since World War Two while emerging markets public debt is at levels not observed since the 1980s .
In the United States, the public debt is at 23 trillion dollars .why is the debt so high everywhere ? Free money seems ironic .but the worst economies get, the more central banks reduce interest Rates. The more they lower interest rates the more we borrow; the more big companies borrow.
Eventually that bubble almost by The definition has to burst. The Federal Reserve debt system is fulfilling its purpose – steal from the people.
The banks create the debt, profit on its issuance, and the taxpayer owes back principle and interest to the banks who conjured the money out of thin air. Works for them.
The global debt load has surged to a new all-time record equivalent to more than double the world’s economic output IMF chief Kristalina Georgieva warned Thursday.
While private-sector borrowing accounts for the vast majority of the total, the rise puts governments and individuals at risk if the economy slows, she said. “Global debt — both public and private — has reached an all-time high of $188 trillion.
This amounts to about 230 percent of world output,” Georgieva said in a speech to open a two-day conference on debt.
The total land surface area of Earth is about 57,308,738 square miles, of which about 33% is desert, and about 24% is mountainous. Subtracting this uninhabitable 57% (32,665,981 square miles) from the total land area leaves 24,642,757 square miles or 15.77 billion acres of habitable land.
That’s about $12,000 of debt owed for each habitable acre of land. The planet earth does not have the collateral to borrow any more money, hence the effort to colonize Mars. Apparently, there are different levels of greed. We have now entered the provenance of ludicrous greed.
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