SC157-6

https://www.bloomberg.com/news/articles/2018-01-05/global-debt-hits-record-233-trillion-but-debt-to-gdp-is-falling

Global Debt Hits Record $233 Trillion

Global debt rose to a record $233 trillion in the third quarter of 2017, more than $16 trillion higher from end-2016, according to an analysis by the Institute of International Finance. Private non-financial sector debt hit all-time highs in Canada, France, Hong Kong, South Korea, Switzerland and Turkey.

At the same time, though, the ratio of debt-to-gross domestic product fell for the fourth consecutive quarter as economic growth accelerated. The ratio is now around 318 percent, 3 percentage points below a high set in the third quarter of 2016, according to the IIF.

"A combination of factors including synchronized above-potential global growth, rising inflation (China, Turkey), and efforts to prevent a destabilizing build-up of debt (China, Canada) have all contributed to the decline," IIF analysts wrote in a note.

The United Nations calculates the global population is 7.6 billion, suggesting the world’s per capita debt is more than $30,000.

The debt pile could end up acting as a brake on central banks trying to raise interest rates, given worries about the debt servicing capacity of highly indebted firms and government, the IIF analysts wrote.

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This from the previous article entry, SC157-5,

" What the system was doing though was mortgaging out the future, with the expectation of an infinitely growing economy, which is of course impossible in a Finite World. Capitalism was a fabulous model for burning through resources at the fastest possible rate, meanwhile creating waste and pollution at previously unimaginable levels. One trip to the dump or the "landfill" in your neighborhood should be enough to convince anyone with functional brain cells the model is not sustainable "

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Debt can be created with no limits while resources, including vital energy is finite. More humans, declining resources equals contraction. It does not matter how many tokens, artificial claims on the future you conjure up.