Posted on 01/17/2014 6:29:07 PM PST by Lorianne
Ballooning debt levels in advanced economies pose biggest threat to the global economy, World Economic Forum report warns ___ pose the biggest threat to the global economy in 2014, a report by the World Economic Forum has warned.
Ahead of next week's WEF annual meeting in Davos, Switzerland, the forum's annual assessment of global dangers said high levels of debt in advanced economies, including Japan and America, could lead to an investor backlash.
This would create a "vicious cycle" of ballooning interest payments, rising debt piles and investor doubt that would force interest rates up further.
(Excerpt) Read more at telegraph.co.uk ...
In short, the Freeking World is Broke! Collectively, world governments at all levels have incurred debt that they can’t pay off! Detroits as far as the eye can see. Reminds me of what happened to the pensioners in the USSR when it went under. Basically the USSR was broke thanks in no small measure to Ronald Reagan’s military policies. Now the reverse may well happen.
Can we grow out of this debt - no, unlikely.
“Can we grow out of this debt - no, unlikely.”
Nope, too many statists and LIV’s to elect them.
Government needs to shrink drastically and that’s just not going to happen willingly. Too much money to rob.
Why worry? Be happy!
With a 1% growth rate? Unlikely. But Rats will still yell “we’re lowering the deficit!”
The death spiral is inevitable. Just be ready to take America back.
Might as well be. Add up everything we owe and it approaches 140 Trillion. It’s not gonna be payed. No how no way.
Exactly, FRiend.
The last pot of money to rob is our 401ks. Obama keeps talking about income equality. This is the pretext of "robbing" our 401ks.
In short, Szu Ping Chan is telling us Sum Ting Wong.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.