Global Debt Mountain Nears $300 TRILLION - Cannot Be Repaid
The Heresy Financial Podcast - A podcast by Joseph Brown
Total global debt continues to grow and hit new records. While many will cite the drop in debt to GDP, the reason behind the drop means this is not as encouraging as it may sound. The honest truth is that the world has a debt load that cannot be repaid. There are two roads out of this mess, and they both lead to the same place: default.