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Friday, June 15, 2018

Record Levels Of Debt


The world's debt has reached a record $164 trillion dollars(US), that will make it harder for some countries to deal with the next recession. 

The International Monetary Fund, in its semi-annual report, said global public and private debt swelled to 225 per cent of global domestic product in 2016, the last year for which they had figures. 

High levels of national debt will make it difficult for governments to refinance when their debts reach maturity, especially if financing conditions tighten, the IMF said. 

This is just another insane situation created by an insane system and hardly causes any feelings of optimism for the future.

For socialism,

 Steve, Mehmet, John & contributing members of the SPC.

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