USD Total Debt = USD43 trillion (300% of GDP)
UK Total Debt = 829 billion Sterling
Eurozone Public Debt (84% of GDP by 2010)
Greece Public Debt (120% of GDP), German 78%, France 76%
Singapore Public Debt (92% of GDP)
Japan Public Debt (172% of GDP)
World USD dollar in circulation in the world 5 years ago = USD1 trillion, now is USD7 trillion
Ancient Chinese once said, truth is sustainable, lie is mutable.
Don't forget, every dollar printed on the other side of the balance sheet is a DEBT. If the money printed not gone to the productive activities that generate enough to pay back the debt, the DEBT will become Non Performing. If printing money can resolve the over leverage problem whenever economy in recession, isn't it simple for the government to do is to print more money, and all the existing debt is resolved. What is the long term consequences? Just look at Japan.
Another problem is the DERIVATIVES, what has been done about it?
MyView
DEBTS + DERIVATIVES = DEPRESSION
GOVERNMENT INTERVENTION + ECONOMY = FACISM
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