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Global debt at worst levels since the Napoleonic Wars
Posted on 5/1/24 at 11:14 am
Posted on 5/1/24 at 11:14 am
What can’t go on forever won’t?
And of course, US fiscal policy is supercharging the worldwide trend:
LINK with video discussion as well as text
quote:
The massive volumes of debt piling up around the globe forced the president of the World Economic Forum to reach back more than 200 years for a comparable period. In an interview Sunday with CNBC at a WEF conference in Saudi Arabia, Borge Brende warned overall debt is approaching the world’s total economic output.
“ We haven’t seen this kind of debt since the Napoleonic Wars,” he said. “We’re getting close to 100% of global GDP in debt.”
And of course, US fiscal policy is supercharging the worldwide trend:
quote:
In fact, 2024 will mark the year that spending to service U.S. debt will exceed defense outlays, the Congressional Budget Office has said.
LINK with video discussion as well as text
20
Posted on 5/1/24 at 11:16 am to DesScorp
But 81 million people voted for dementia man.
Posted on 5/1/24 at 11:17 am to DesScorp
Bbbrrrrrrrr…$$$$$$$$$$$
Posted on 5/1/24 at 11:18 am to DesScorp
Print more and let it ride. frick it.
Posted on 5/1/24 at 11:20 am to DesScorp
white mans time is almost up.
Posted on 5/1/24 at 11:20 am to DesScorp
How can the world be 100% of GDP in debt? Like seems to me if everyone owes someone.... there's got to be someone who isn't? Seems like a net zero kind of things to me. Like someone has to be the giver of the debt and be at a surplus?
Posted on 5/1/24 at 11:21 am to DesScorp
Hell, probably true just based on auto loans and mortgages in the U.S. Public debt is out of sight, though.
Posted on 5/1/24 at 11:21 am to DesScorp
Every 4-5 seconds the USA goes another 100k in debt
60 seconds a min.
60 min an hour.
24 hours a day.
7 days a week.
52 weeks a year.
Every year.
60 seconds a min.
60 min an hour.
24 hours a day.
7 days a week.
52 weeks a year.
Every year.
Posted on 5/1/24 at 11:22 am to DesScorp
Embarrassing to have that large of a portion of that chart. Our government is on track for the worst financial run in history
Posted on 5/1/24 at 11:26 am to DesScorp
That graphic is insane/depressing/maddening
Posted on 5/1/24 at 11:32 am to LoneStar23
quote:
Embarrassing to have that large of a portion of that chart. Our government is on track for the worst financial run in history
We're eventually going to have to cut off the spigot and contract inward. Propping up the entire flat Earth is not conducive with longterm survival. We will either do it by choice or necessity.
This post was edited on 5/1/24 at 11:33 am
Posted on 5/1/24 at 11:37 am to DesScorp
Way too much debt. But the person who made the graph has an agenda. They note that China’s debt is issued by local government to fund infrastructure. Then it should also note that ~70% of our debt is to the US public.
Here are who actually hold our debt and how much (it’s still a lot at $7.7T):
Japan $1,1T
China $859B
United Kingdom $668B
Belgium $331B
Luxembourg $318B
Switzerland $290B
The Cayman Islands $285B
Canada $254B
Ireland $253B
Taiwan $234B
Here are who actually hold our debt and how much (it’s still a lot at $7.7T):
Japan $1,1T
China $859B
United Kingdom $668B
Belgium $331B
Luxembourg $318B
Switzerland $290B
The Cayman Islands $285B
Canada $254B
Ireland $253B
Taiwan $234B
Posted on 5/1/24 at 11:39 am to DesScorp
Russia is pretty much debt free compared to everyone else.
Posted on 5/1/24 at 11:41 am to DesScorp
quote:What’s my monthly gown be?
Global debt at worst levels since the Napoleonic Wars
Posted on 5/1/24 at 12:08 pm to diat150
quote:
white mans time is almost up
Everybody’s time is almost up. We are in the homestretch of the last days.
Posted on 5/1/24 at 12:11 pm to genuineLSUtiger
Posted on 5/1/24 at 12:12 pm to DesScorp
To whom, might I ask, are these debts owed...
Just kidding, I already know...
Do you?
Just kidding, I already know...
Do you?
Posted on 5/1/24 at 12:28 pm to DesScorp
1. Faith in God
2. Potable Water
3. Lead + Lead Delivery System
4. Land
5. Family
6. Food
7. Barter items.
The materialism and debt society has kept you distracted, enslaved, and doing the financier-class's bidding. Increasing the above will get you out of that matrix. Good luck!
2. Potable Water
3. Lead + Lead Delivery System
4. Land
5. Family
6. Food
7. Barter items.
The materialism and debt society has kept you distracted, enslaved, and doing the financier-class's bidding. Increasing the above will get you out of that matrix. Good luck!
Posted on 5/1/24 at 12:43 pm to Smoke Ring
While I believe the puppet that is Biden has no problem burning more cash the other party just allowed another trillion or so to fly out the door without being able to pay for it. Both sides own this debacle.
Posted on 5/1/24 at 12:50 pm to The Torch
quote:
Global debt
quote:
But 81 million people voted for dementia man
So Joe is responsible for all the other country's debt too? That's stupid if you believe that.
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