According to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars.
Other estimates put that figure closer to 200 #trillion
, but for the purposes of this article let’s use the more conservative number. If you take 152 trillion dollars and divide it by the seven billion people living on the planet, you get $21,714, which would be the share of that debt for every man, woman and child in the #world
if it was divided up equally.
So if you have a family of four, your family’s share of the #global
load would be $86,856.
Very few families could write a check for that amount today, and we also must remember that we live in some of the #wealthiest
areas on the #globe
. Considering the fact that more than 3 billion people around the world live on two dollars a day or less, the truth is that about half the #planet
would not be capable of contributing toward the #repayment
of our 152 trillion dollar debt at all. So they should probably be excluded from these calculations entirely, and that would mean that your family’s share of the debt would ultimately be far, far higher.
Of course global debt repayment will never actually be apportioned by family. The reason why I am sharing this example is to show you that it is literally #impossible
for all of this debt to ever be repaid.
We are living during the greatest #debt
in the #history
of the #world
, and our financial engineers have got to keep figuring out ways to keep it growing much faster than global #GDP
because if it ever stops growing it will #burst
and destroy the entire global #financial
Bill Gross, one of the …https://www.infowars.com/21714-for-every-man-woman-and-child-in-the-world-this-global-debt-bomb-is-ready-to-explode/