Post
Topic
Board Economics
Re: Europe's new plan: to give more free money to banks
by
BuyBuyBitcoin
on 12/03/2019, 00:27:45 UTC
They have to come up with a solution soon..

Global Debt is $250 Trillion

https://medium.com/@lucidfunds/the-long-and-winding-road-to-10-million-bitcoin-4b1c83d26e5d

Quote
According to The Institute of International Finance (IIF), the total world debt is roughly estimated to be $247 trillion. By the 2018 year end, the total world wealth was estimated to be $317 trillion. But most significantly, total world debt increased 394% over the past 20 years, from $50 trillion to $247 trillion, while total world wealth increased 133% over the same period.

The money supply is already in the Quadrillions... think about that... only in fiat money does Quadrillion become possible. Where do we go when half a Quadrillion is the world debt?