$63 Trillion of World Debt

in #money7 years ago

If you add up all the money that national governments have borrowed, it tallies to a hefty $63 trillion.

In an ideal situation, governments are just borrowing this money to cover short-term budget deficits or to finance mission critical projects. However, around the globe, countries have taken to the idea of running constant deficits as the normal course of business, and too much accumulation of debt is not healthy for countries or the global economy as a whole.

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I think there are 90% of the USA's population that does not realize how much trouble we are in economically. We are in line for a serious collapse. It just makes it more vital that we invest in crypto-currency to save ourselves.

I agree, cryptos is a bright future

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