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Visualizing $65 Trillion In Hidden Dollar Debt

Visualizing $65 Trillion In Hidden Dollar Debt The scale of hidden dollar debt around the world is huge. As Visual Capitalist’s Dorothy Neufeld details below, no less than $65 trillion in unrecorded dollar debt circulates across the global financial system in non-U.S. banks and shadow banks. To put in perspective, global GDP sits at $104 trillion. This dollar […]

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Use of “Hidden Debt Loophole” Spreads Among Australian Corporations

Use of “Hidden Debt Loophole” Spreads Among Australian Corporations Situation already so bad that hiding debt becomes a priority? Australian engineering group UGL, which is working on large infrastructure projects such as Brisbane’s Cross River Rail and Melbourne’s Metro Trains, recently sent a letter to suppliers and sub-contractors informing them that as of October 15, they will […]

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“Hidden Debt Loophole Could be Widespread”: Fitch

“Hidden Debt Loophole Could be Widespread”: Fitch Use of this financial instrument has ballooned. No one knows to what extent because there’s no disclosure. But it was a “key contributor” to the sudden collapse of outsourcing giant Carillion. As regulators and stiffed creditors were poking through the debris of collapsed outsourcing giant Carillion – once […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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