Global debt has reached $315 trillion—now 333% of global GDP. That’s more than three times the world’s total economic output.
Let that sink in.
Discussion
333? 👀
This is why, show it to her saying the only solution to this, is printing more money.. that implies she'll be happy to own as much bitcoin she can.
And they call Bitcoin 'risky' while the entire financial system is built on a debt bubble 3x larger than everything we produce 🤔
This is exactly why we need money that can't be printed out of thin air. Every Bitcoin you own is an escape pod from this madness 🚀
Chart crime. Linear scale should be 0-based. But really this should probably be log scale.
You just need to trust that more government will solve this mess, you paranoid anarchists 😂
The GDP this chart is based on includes government make-work spending right? that should really count as negative GDP. How much worse should these numbers look?
The leverage becomes even more staggering when layering in committed liabilities like social security, pensions, government subsidized healthcare, any form of UBI, and defense. Interest payments on this debt, especially as it gets refinanced at higher rates, are going to become unsustainable fast. #bitcoin fixes this inevitable fiat failure
This headline needs to be put in the next block…
There's zero legitimate ways of correcting this.