Posted on 02/20/2020 10:07:02 AM PST by Oldeconomybuyer
LONDON - The amount of debt owed by the worlds governments will jump to a record $53 trillion by the end of the year, S&P Global estimated on Thursday, with $8.1 trillion set to borrowed this year alone.
About 70%, or $5.8 trillion, of sovereigns gross borrowing will be to refinance maturing long-term debt, though the expected $2.3 trillion of new borrowing will still be worth at least 2.6% of global GDP.
S&P said the increase reflected the higher borrowing needs of the largest countries. The U.S. at $3 trillion and Japan at $1.75 trillion will remain by far the largest borrowers globally, accounting for almost 60% of the overall total.
By end-2020 we project that the commercial debt stock of all sovereigns we rate will rise by 5% to reach a record of $53 trillion compared to 2019 and by 30% compared to 2015, a report headed by analysts Karen Vartapetov said.
(Excerpt) Read more at reuters.com ...
Bernie wants to spend MORE than this — just on healthcare in the US.
Sounds like someone needs a debt consolidation loan. And some credit counseling.
Exacto mundo!
Time to invest in paper and printer ink stocks...................
Yeah right ! Whose it owed to ?
There is simply no way out.
If you think governments owe too much, just wait until they try a Green New Deal!
44% of world government debt owned by United States.
44% of world government debt owned by United States.
paper and printer ink...
they just type more zeros to the left of the point: 1. 10. 100. 1000. whats the point?
There isnt. And if the $800 Trillion Derivative Time Bomb ever goes off, everything will collapse. Every. Thing.
Then it will be time for the global reset.
The future.
The only way out is with carefully controlled inflation. Pay back the loans with inflated paper money. But the the key word there is controlled. Politicians have no self-control. So they will just use the inflated currency to spend more.
Gonna need a bigger bill.....................
So when will the bank of Braavos come and call in their debt?
Oh BS. Cry me a river. An Across the board import of 20% plus a small federal retail sales tax and REDUCTION of income tax rates would balance the budget this year. We can work on the debt after the bleeding stops.
A 20% import tariff solves all problems.
[[Then it will be time for the global reset.]]
refereed to in the bible as the 2n’d 1/2 of the Tribulation- just when everyone is saying peace peace, and thinking everything is cool- wham-
“The U.S. at $3 trillion and Japan at $1.75 trillion will remain by far the largest borrowers globally, accounting for almost 60% of the overall total.”
We’re Number One! We’re Number One! U S A! U S A!
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