Global Debt Exceeds $100 Trillion As Governments Binge, BIS Says

 

 

 

” 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.

  The $30 trillion increase from $70 trillion between mid-2007 and mid-2013 compares with a $3.86 trillion decline in the value of equities to $53.8 trillion in the same period, according to data compiled by Bloomberg. The jump in debt as measured by the Basel, Switzerland-based BIS in its quarterly review is almost twice the U.S.’s gross domestic product.”

 

 

But we’ve been on an austerity budget you say … think again .

 

 

” Marketable U.S. government debt outstanding has surged to a record $12 trillion, up from $4.5 trillion at the end of 2007, according to U.S. Treasury data compiled by Bloomberg. Corporate bond sales globally jumped during the period, with issuance totaling more than $21 trillion, Bloomberg data show.”

 

 

 

    Read the whole sorry article . We are being run into the ground by the very individuals charged with solving the problem . Apparently all of the major governments of the world believe as that sage of DC Joe Biden does that :

 

 

 

   We are systematically being turned into debtor nations with the goal of making us all subservient to the State . This is the Road to Serfdom .