It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford

Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin

The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Sunday, 10 May 2015

According to a February 2014 study by the McKinsey Global Institute,
“Debt and (Not Much) Deleveraging,” total global debt is up 40% since
2007 to $199 trillion. As a percentage of GDP, “debt is now higher in
most nations than it was before the crisis” of 2008/2009. On average
globally, it is 286% now vs. 269% in 2007.
Despite the economic rebound since 2009, McKinsey found that the debt
of households, corporations and especially governments continues to
rise. “Governments in advanced economies have borrowed heavily to fund
bailouts in the crisis and offset demand in the recession.”

source EWI

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