It is becoming clearer that the world is not going to pay back its debt in full. At in excess of $300T, the ratio of global debt to global GDP is over 300%:
Drowning in Debt Pt. 2
Restructuring the World’s Debt
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It is becoming clearer that the world is not going to pay back its debt in full. At in excess of $300T, the ratio of global debt to global GDP is over 300%: