Thursday, September 19, 2013

The World Has Learned Nothing Since The Crisis: Global Public Debt Is Up 63% 2008-2013

2008 global public debt $32 trillion
Global public debt, the amount owed by the world's governments, has risen by almost $20 trillion in the five years since the panic of 2008, an increase of nearly 63%.

Note the main offenders, none of whom has been practicing austerity in any sense of the term: America, Canada, Mexico, Brazil, The UK, Europe, India, China, Japan and Australia. Spendthrifts all.

See the data and charts, here.

2013 global public debt $52 trillion
None of this is ever going to be paid back. Chaos awaits.