{"id":5893,"date":"2015-02-22T09:55:49","date_gmt":"2015-02-22T14:55:49","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5893"},"modified":"2015-02-22T09:55:49","modified_gmt":"2015-02-22T14:55:49","slug":"debtors-prison-global-debt-has-grown-57-trillion-since-2007-with-100-percent-of-sovereign-debt-monetized","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5893","title":{"rendered":"Debtors\u2019 Prison: Global Debt Has Grown $57 TRILLION Since 2007 With 100 Percent Of Sovereign Debt Monetized"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/davidstockmanscontracorner.com\/debtors-prison-global-debt-has-grown-57-trillion-since-2007-with-100-percent-of-sovereign-debt-monetized\/\" target=\"_blank\">Debtors\u2019 Prison: Global Debt Has Grown $57 TRILLION Since 2007 With 100 Percent Of Sovereign Debt Monetized<\/a><\/h3>\n<p>Now that the Greece default crisis is on temporary hold (they will be back again), it is time to turn our focus to the GLOBAL debt market.<\/p>\n<p>Since the subprime mortgage crisis\u00a0and Lehman failure,\u00a0<strong>global debt has grown by $57 trillion<\/strong>\u00a0since 2007.,raising the ratio of debt to GDP by 17 percentage points.<\/p>\n<p><a class=\"image-anchor\" href=\"https:\/\/confoundedinterest.files.wordpress.com\/2015\/02\/gloutdebt.jpg\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-40131\" src=\"http:\/\/confoundedinterest.files.wordpress.com\/2015\/02\/gloutdebt.jpg?w=585\" alt=\"gloutdebt\" \/><\/a><\/p>\n<p>Here is a nice chart from McKinsey &amp; \u00a0Company that shows the relative rise of PUBLIC SECTOR debt relative to HOUSEHOLD debt. That is, governments borrowing money on YOUR BEHALF that you are now liable.<\/p>\n<p><a class=\"image-anchor\" href=\"https:\/\/confoundedinterest.files.wordpress.com\/2015\/02\/debt-crisis-resolved.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-40121\" src=\"http:\/\/confoundedinterest.files.wordpress.com\/2015\/02\/debt-crisis-resolved.jpg?w=585&amp;h=400\" alt=\"debt crisis resolved\" width=\"585\" height=\"400\" \/><\/a><\/p>\n<p>Couple this chart with the fact that Central Banks are monetizing 100 percent of sovereign debt.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debtors\u2019 Prison: Global Debt Has Grown $57 TRILLION Since 2007 With 100 Percent Of Sovereign Debt Monetized Now that the Greece default crisis is on temporary hold (they will be back again), it is time to turn our focus to the GLOBAL debt market. Since the subprime mortgage crisis\u00a0and Lehman failure,\u00a0global debt has grown by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,195,1256,200,380,3687,3686],"class_list":["post-5893","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-debt","tag-debt-monetization","tag-default","tag-government-debt","tag-private-sector","tag-public-sector"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5893"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5893\/revisions"}],"predecessor-version":[{"id":5894,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5893\/revisions\/5894"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}