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Global debt

Dittohead not!

Dittohead not!

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Global Debt Hits $217 TRILLION; 325% Of The World’s GDP
Global debt continues to skyrocket according to a report released today from the Institute for International Finance. The IIF’s report found that global debt had risen more than $11 trillion in the first nine months of 2016 to more than $217 trillion. The report indicated that Global debt levels rose to more than 325 percent of the world’s gross domestic product last year as government debt rose sharply.
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Who will come to collect? Klingons?
 
Dittohead not! said:
Who will come to collect? Klingons?
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Maybe. China is buying up its own debt using local currency so I am not sure they should really be included in the numbers, nor should US intergovernmental holdings. That knocks it down to $210T. I will let you take a stab at knocking it down further.
 
Last I heard (this was several years ago) the total outstanding notional amount of derivative instruments was something like ten quintillion dollars. I'm sure it's grown since then. But that figure is more than the economic output of the entire world since 1900.
 
Debt doesn't have to be repaid at once, and there are different lifetimes to debt. As long as GDP grows and can pay the expired debt in time, then there shouldn't be any problem.
 
sookster said:
Debt doesn't have to be repaid at once, and there are different lifetimes to debt. As long as GDP grows and can pay the expired debt in time, then there shouldn't be any problem.
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Ya, we tried that Idea of juicing the GDP, that was what Reagan and Clinton were all about.

It did not work.

There is no PLAN B.
 
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