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World Debt At Dangerous Levels

Mike

Well-known member
In their 16th Geneva Report, the Geneva-based International Centre for Monetary and Banking Studies (ICMB) and London’s Centre for Economic Policy Research (CEPR) say years of fiscal stimulus by governments and money printing by central banks have driven global debt-to-gross domestic product ratios to dangerous levels.

Kicking the can down the road. :roll:
 

Brad S

Well-known member
Where does all this debt lead? Postulate an end game? An abrupt end to trade caused the world recession of the 30s. Phony money will collapse confidence. No confidence, no trade. I certainly don't see this situation is sustainable. Is it correctable? Not with an ignorant electorate and Obama phone candidates. The only thing left to discover is the timing and nature of the correction (crash).
 

Traveler

Well-known member
You mean green energy isn't the answer? :roll:

The near 50 percent voting non-producers will cut the military to keep getting their freebies, leaving us in a precarious situation. We've seen what a smallish, blood-thirsty half-assed militia can do. So much is non-sustainable if we can't somehow grow out of this without the snake swallowing it's tail.
 

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