The world hits $100 trillion in debt

Posted | 13/03/2014 / Views | 1874
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BIS (Bank for International Settlements) is essentially the central banks of the world’s central bank.  They have release a report this week saying global debt has exceeded $100,000,000,000,000.  This represents a 40% ($30 trillion) increase on what it was in 2007.  So what has the world seen for this incredible additional debt burden?  A contraction, yes a shrinking, of global equity markets by $3 trillion over that same time.  What does just $1 trillion in paper money look like?  The following puts that in to perspective for you and then multiply that by 100.  Again, ask yourself if this could be sustainable and whether some ‘insurance’ could be in order… Gold has survived every economic collapse in history.

The world hits $100 trillion in debt