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IPFS News Link • Economy - Economics USA

It Looks Like the Global Debt Bomb Is Ready to Blow

• thedailysheeple.com

Before the financial crisis of 2007 and 2008, public and private debts were already out of control, but when the governments of the world tried to keep the global economy together with all their might, they did so by going into debt, to the tune of over $200 trillion. And that's just what the numbers looked like the last time anyone checked back in 2014. Who knows how much debt the world is in now.

And that $200 trillion by the way, amounts to around 300% of the world's GDP, and it's still growing. Obviously this isn't sustainable. If you had a credit card debt worth three times as much as your yearly salary, and it continued to grow year after year, you'd be bankrupt in no time.

At some point, these debts are going implode the global economy. It's a certainty. The only question that remains, is when will this happen?

One of the signs that suggests this event is fast approaching, can be found in the way that governments are issuing their bonds, which are essentially debt contracts that can be bought by investors.


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