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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Monday, March 10, 2014

Global Debt Exceeds $100 Trillion as Governments Binge, BIS Says - Bloomberg

The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates, according to the Bank for International Settlements.
Debt could be rising faster than GDP but I do not know that for sure. But if GDP is growing at 3% annually, then we are getting gorwth of around 60% of the amount of debt being created. This is clearly not sustainable and I suspect that it will end relatively quickly.

Global Debt Exceeds $100 Trillion as Governments Binge, BIS Says - Bloomberg

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