Dear World: Fasten Your Seatbelts for the External Debt Defaults! The Death of “Money” is fast falling!

God’s natural laws for corrections are emboldened within the spirit of man! (AOC)

Death of Money” will be very much like a horrible rollercoaster ride

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The threat of economic collapse is real and growing every day. The complexity and interconnected nature of the global economy means any … digitalbookspot.com

External debt crises involve outright default on a government’s external debt obligations—that is, a default on a payment to creditors of a loan issued under another country’s jurisdiction, typically (but not always) denominated in a foreign currency, and typically held mostly by foreign creditors. source

World Debt Hits Record $164 Trillion

Andrew Mayeda

The world’s debt load has ballooned to a record $164 trillion, a trend that could make it harder for countries to respond to the next recession and pay off debts if financing conditions tighten, the International Monetary Fund said.

Global public and private debt swelled to 225 percent of global gross domestic product in 2016, the last year for which the IMF provided figures, the fund said Wednesday in its semi-annual Fiscal Monitor report. The previous peak was in 2009, according to the Washington-based fund.

“One hundred and sixty-four trillion is a huge number,” Vitor Gaspar, head of the IMF’s fiscal affairs department, said in an interview. “When we talk about the risks looming on the horizon, one of the risks has to do with the high level of public and private debt.”

source

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