Current projections estimate that, by the end of 2020, global debt will reach $255 TRILLION.
How does that make you feel?
Do you think this could have been avoided?
Can it ever be paid back, or is it an unavoidable fact of modern economies that spending will surpass GDP?
While those numbers sound astronomical, it seems to be âacceptableâ. Itâs almost as if itâs âonly on paperâ and not a real concern for the governing bodies. Our lives go on as normal each day, though our taxes do go up and we pay more for services partially funded by the government. I feel itâs just the way life isâŠ
It can go on like this for a long time; the fountain spring of wealth is based on the exploitation of resources and labor, if this doesnât change, debt can keep expanding as future earnings are âguaranteedâ.
The real value of money keeps decreasing over time, so it also makes sense for debts to keep expanding, at least in the nominal sense.
