WATCH: Follow the increase of global #debt over two decades.— IIF (@IIF) November 14, 2019
Latest IIF Global Debt Monitor finds global debt has now surpassed a record $250T & is projected to reach $255T by the end of 2019. pic.twitter.com/D001VVzZmD
Zero Hedge: Global Debt To Hit All Time High $255 Trillion, 330% Of World GDP
There are three certainties in life: death, taxes and that global debt will keep rising in perpetuity.
Addressing the third, yesterday the Institute of International Finance reported that global debt has now hit $250 trillion and is expected to hit a record $255 trillion at the end of 2019, up $12 trillion from $243 trillion at the end of 2018, and nearly $32,500 for each of the 7.7 billion people on planet.
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WNU Editor: The interest payments alone are probably greater than the GDP of every nation with the exception of the U.S..