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The Challenges Ahead For Britain's New Prime Minister

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero ....

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Challenges for the New Prime Minister - LewRockwell LewRockwell.com

Challenges for the New Prime Minister - LewRockwell LewRockwell.com
lewrockwell.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lewrockwell.com Daily Mail and Mail on Sunday newspapers.

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The Global Debt Problem

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero ....

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The Global Debt Problem - LewRockwell

The Global Debt Problem
It has been recently estimated that global debts stand at $284 trillion equivalent, representing 355% of global GDP. Estimates such as these must be treated with caution, and they probably underestimate financial sector debt. Furthermore, no allowance in these figures is made for OTC derivatives, which according to the Bank for International Settlements have a gross value of $15.48 quadrillion(!), netting out at $609 trillion.
This article comments on the different debt sectors: government, finance, non-financial corporate and consumer debt. It finds the dangers of excessive corporate debt have had the least attention, and that systemic risk in commercial banks is grossly underestimated. ....

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