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Debt per human on earth, ie every man woman and child is now $43,000

Avg yearly salary on Earth is $1,480. It will all NEVER BE REPAID!

Global debt is up 6% year to date and still rising.

Developing economies account for around 30% of the total global debt, totaling $101 trillion.

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Triple J

I don’t claim that.

Hannah B

What is the end result of debt that is unserviceable by every country? Collective forgiveness agreement somehow? How does the story end?

HarryK

They keep printing money, it’s called quantitative easing in UK, everything keeps rising in price, when it gets out of kilter in say 2045 there may be civil unrest and then we slowly move to BTC over the next five years??

Jetdog

Debt to whom? There must be some very rich entities. Or is it debt to ourselves via pension funds etc?

Unrekt+

Luckily, the average wealth per person on Earth is $71,000. So there is plenty of money to pay off the debt if we increase marginal tax rates. The global top 1% own 45% of everything.

RivalTek

The Great Reset is nigh

Timothy M

So lucky to be born in the USA

F31ix

I wonder how much of the debt Elon accounts for

CurrencyConservative

While in Thailand i was curious to know about how Thais views finances. So I spoke to several locals and was STUNNED how many Thais are in debt and borrow money excessively!!! Especially in Consumerism products, not just Houses(Mortgages) or Car loans. Very eye-opening

Maine McEachern

And the debt is all absurd - based on money that private banking entities, including central banks, print out of thin air. I.e. magically appeared "money" that banks purport to own and charge usury for lending out, downloading all inflationary and payback risks to the public while inflating the money supply, debasing the currency, pumping up assets (principally owned by the banksters and corporate allies) and foisting more and more debt upon the "government" (which is a liability ultimately paid back, again, by the debt-slave taxpayer). It's the greatest racket ever invented.