The $50 Trillion Dollar Authoritarian Takeover!
Whether 2018 to 2020 or 2019 to 2023. Intentional creation of financial collapse.
The Bank of International Settlements presents and storehouses lots of macro data for those interested. There is little explanation on how these Jenga pieces all go together. But based off the World Economic Forum’s reporting, one pieced two datasets together that linked back to their 2020 mentioning crossing $300 trillion in world debt amongst the Top 40 economies included in the two datasets below.
Quick History of 21st Century of Debt
One had a historical chart from 2015 that coincides well, landing in Q2-2015 at $208 Trillion in total GLOBAL Debt. Statista confirms that ballpark number in Q2-2014 at $199 Trillion for total GLOBAL DEBT, noting that $57 trillion was added since 2007.
Just three years later, the GLOBAL number hit $252 trillion as shown above. $42 Trillion added in less than half the time it took between the Great Recession and the back end of Obama’s administration and Xi’s early years as the Paramount Leader.
From 2018 to 2020, it jumped another $53 trillion.
Worst Criminals Running Biggest Debt Hustle in WORLD HISTORY
Before one leaves you wanting more (DEBT), look at who was doing the lion’s share of added debt: both China and United States are criminally complicit.
[Don’t let Euro Area fool you, they are not responsible. Might even know how to hide it better! ]