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Title: China’s Monumental Debt Trap—-Why It Will Rock The Global Economy
Source: David Stockman's Corner
URL Source: http://www.lewrockwell.com/2015/02/ ... global-economy-will-be-rocked/
Published: Feb 7, 2015
Author: David Stockman
Post Date: 2015-02-07 09:07:54 by Ada
Keywords: None
Views: 56
Comments: 1

Bloomberg News finally did something useful this morning by publishing some startling graphs from McKinsey’s latest update on the worldwide debt tsunami. If you don’t mind a tad of rounding, the planetary debt total now stands at $200 trillion compared to world GDP of just $70 trillion.

Click for Full Text!

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#1. To: Ada (#0)

I wish I had time to read this today.

I also wish that they would break down to which parties this debt is. ... or did they do that? I scanned it but did not see anything, only saw the who owes what at the beginning.

I don't think that any such discussion is complete without stating, specifically, who the ones that this debt is owed to are.

How much longer can this central banking charade keep on going? It seems like the Energizer Bunny.

Katniss  posted on  2015-02-07   11:31:53 ET  Reply   Trace   Private Reply  

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