Number of the Week: $10.2 Trillion in Global Borrowing | WHAT REALLY HAPPENED


Number of the Week: $10.2 Trillion in Global Borrowing

$10.2 trillion: The amount of money advanced-nation governments will need to borrow in 2011

As the debts of advanced countries rise to levels not seen since the aftermath of World War II, it’s hard to know how much is too much. But it’s easy to see that the risk of serious financial trouble is growing.

Webmaster's Commentary: 

Because the people of the world have realized that government is borrowing new money to pay the interest on the old money and sticking the people with the ruinous interest payments for generations to come, and most people have decided this is nonsense. We did not give consent to live shackled to endless debt by bankers. The government borrowed without our permission and they can pay it back without our help.

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