The $247 trillion global debt bomb

At least so far, the myriad stories about the world economy are estimated to reach an amazing $ 247 trillion, a potentially explosive interaction between the rapid increase in trade warfare and global debt problems I will. This is "trillion" and "t". The number is very large

As reported last month, the world's debt growth rate is three times that of the world's wealth. Indeed, as of the end of the third quarter of 2017, world debt recorded a record high of $ 233 trillion. This is equivalent to $ 63 trillion in government debt, $ 58 trillion in corporate bonds in the financial sector, $ 68 trillion in bonds in the nonfinancial sector, and $ 44 trillion in household debt. Just looking at the situation in the US, it should bring a great danger. The US government plans to sell more than 1 trillion dollars of government bonds to fund all the debt of the cards and Republican parliament. Major buyers - China, Japan, Federal Reserve Board did not buy. Who will buy all these debts?

Even if world wealth rapidly increased in 2017, the same is true for world debt. Based on these data, world wealth has increased by $ 16.7 trillion in 2017 but global debt increased by $ 16 trillion ... almost one to one. But this is only part of the story. Looking at the global debt over the past two decades and the rise in the world's wealth, there are signs of anxiety. Since 1997 global debt has increased from $ 50 trillion to $ 233 trillion. Wealth from $ 120 trillion to $ 280 trillion

According to McKinsey 's report in 2015, global debt increased by $ 57 trillion since the 2007 fiscal issue, global debt has nearly tripled worldwide economic output. If you take away all the penny's income all over the world and use it to repay your debt, you have to put it aside. In the 1830s Andrew Jackson insisted that the existence of the central bank was too focused on private financial institutions, strongly opposed the establishment of the central bank. Prior to being appointed president, he had difficulty in his career due to credit contraction, "maintaining a broad mistrust of financial institutions" and understanding the power to citizens directly.