Wednesday, 1 October 2014


Total world debt, excluding the financial sector, rose from 180% of global output in 2008 to 212% in 2013.

Currently there is low economic growth.

"Contrary to widely held beliefs, the world has not yet begun to deliver."

"There is a high likelihood of either a prolonged period of very low growth or even another global crisis."

This is according to the sixteenth annual Geneva report, published by the Centre for Economic Policy Research, a United Kingdom-based think tank. 

The report is written by a group of senior economists including three former senior central bankers.

There is $158.8 trillion in global debt.

In 2013 global GDP was $74.909 trillion.

"Output growth in advanced economies has been declining for decades."


The problem in the USA is that:

1. The government spends too much on wars and the military. 

2. The rich do not pay enough in taxes to cover the cost of the wars and guns.

3. The 'poor' do not have the money to buy lots of goods in the shops.

The problem outside the USA is that whenever a country starts to make good economic progress it is undermined by the CIA and its friends.

The CIA's Arab Spring has wrecked the economies of countries such as Tunisia.

The CIA's coup in Ukraine has damaged the economies of Russia and Europe.

The CIA's stirring up of trouble in such places as Xinjiang has damaged China.

The CIA's attack on Mumbai damaged India.

1 comment:

  1. The world is 158.8 trillion in debt.

    The question is: Who does the world owe to? Who is the creditor?