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According to a review by the Bank or International Settlements (BIS) global debts public & private reached 100 trillion in mid-2013, & estimates today mid-2017 are well over 200 trillion.
As a matter of pure observation if global debt doubles up (irreversibly multiplies due to interest) every two or three years the global debt by 2019-20 will be around 400 trillion.
By 2023 it should be somewhere in excess of 1 quadrillion, but lets be conservative & say 800 trillion.
Now If the world hasn’t already entered into a hell fire economic depression of no return by 2023 it most definitely will by 2026 where the debt would have multiplied to around 1.6 quadrillion.
Of course if you believe in the infinite milk & honey fairy tail of today’s lie economy by 2029-30 it should be somewhere around 3.2 quadrillion.
I ask a simple question to the reader can you imagine the cost of living in just 10-15 years, or won’t we be living?
Think about it.
David Ardron.
Advocate / mentor, Co-founder, Co-director – Mathematically Perfected Economy™ (au)
(Published : July 18, 2017, last edit July 18, 2017)
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