The world is drowning in debt

[PeaceGen]

The world is drowning in debt
The world's already huge debt load will smash the record for the highest debt-to-GDP ratio in history in 2019.

Local : 2020-01-13(Monday) 21:08:59
Found via nicer.app/news


From a gold based economy to a debt based economy.. Will this cause problems? I fear it will, but i'm not sure.

 

[AZADPAKISTAN2009]

The top countries of the world Take up massive loans themselves to construct , weapons, infrastructure and lifestyle.

The debt is transferred to underdeveloped nations by the manipulation of currency, so that the underdeveloped nations end up selling their natural resources for peanuts to Rich countries

 

[Rusty]

Personal debt is also a huge problem

In Canada 47% of the population is drowning in it

https://www.bnnbloomberg.ca/canadians-drowning-in-debt-as-47-struggle-to-cover-costs-mnp-1.1338497


The cause of government and private debt is due to the killing of the middle class from the 70s onwards.
Especially with Reagan's "trickle down economics"
What this did was give most of the wealth to the few wealthy and squeezed the middle class.
Problem is that that few wealthy can only buy so many houses, cars, etc. Middle class is the engine of economic growth and tax payment.... so smaller middle class = less taxes = governments need to borrow.


I hate to say it but Boomers really messed it up for our generation.

 

[PeaceGen]

i pray our Lord God and the other Gods can and will fix at least both these problems listed here in the previous two messages in this thread.

 

[Zane_K]

i pray our Lord God and the other Gods can and will fix at least both these problems listed here in the previous two messages in this thread.

Start buying Bitcoin when it dips plus some Monero & 1oz gold bars. You’ll be okay.

 

[PakFactor]

Smart move would be to play put options far out probably 2 years out -- (only put money your willing to risk), and do this on an Index ETF.

 

[CIA Mole]

buy gold

US invaded middle east cuz Arabs wanted to sell oil for gold, instead they got worthless paper