Global debt just hit $345.7 trillion. That’s ~3x the size of the world’s GDP
Global debt just hit $345.7 trillion. That’s ~3x the size of the world’s GDP... This isn’t just a statistic. It’s a stress test for the global financial system. Your government is lying about how safe your money is. Here’s what’s really going on : 1) Debt didn’t rise overnight. It was engineered. Post-COVID stimulus programs Cheap money era (near-zero interest rates for years) Governments choosing growth today over sustainability tomorrow Result? Debt ballooned across governments, households, and corporations. 2) The problem is not debt. The problem is cost of debt. When rates were at 0–1%, debt felt harmless. Today: US policy rates hover around 3%+ Many emerging markets borrow at 5–8% Refinancing costs have doubled or tripled in some cases This means: Old debt is coming back at much higher interest. That’s where cracks appear. 3) Governments are the biggest risk this time. US federal debt: $34+ trillion Japan: ~260% debt-to-GDP Several European nations running persistent fi...