How much debt is there really in the world?


Bank of England

Bank of England (Photo credit: Matt From London)

Global Financial Crisis: A World in Debt.

Interesting graphic on how much money the world owes. Question is, who is it owed to? If all the world nations own each others government bonds and everyone is paying interest for the right to borrow, surely the whole thing is somewhat pointless!

So what is the option? Two choices, either default together or run a bigger back book.

Common sense, don’t leave home without it.

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