$233.3 Trillion: Total World Debt Load at 313% of GDP

ING found that debt in developed economies amounted to $157 trillion, or 376% of GDP. Emerging-market debt totaled $66.3 trillion at the end of last year, or 224% of GDP.

debt-distribution-chart

4 comments on “$233.3 Trillion: Total World Debt Load at 313% of GDP
  1. coolbuyer says:

    maybe a dumb question but who is the lender of that money ? the central banks ?
    which are usually owned by the state in majority which means there are individuals beside the state which profit from it, who and how many are those people and how much do they own in numbers/percentage ??

    and if the debt is that much, if I calculate I have 3 times more debt than my annual income, It would take me 10 years of personal austerity to get rid of such debt (maybe) if I could save 20% of my loan. how on earth can this debt for countries which cannot save 20% per year ever get out of this debt. or at least reduce it such that the annual fees don’t kill them in the long term ?

    and if I see that was it really a good idea to let private ppl profit from it, maybe its not bad that politicians directly have influence on the central banks, but why not have it led in a private manner like the dividing of the three forces of a state and have a fourth one for the monetary issues ?

  2. Steven says:

    Last year the Bullion Management Group indicated that Global Financial assets were valued at 251 trillion dollars.
    Would that 251 trillion in assets include the 233.3 trillion dollars in global debt? If so that suggests that there might be up to 17.7 trillion dollars in financial equity left, but since dollars are debt may be that to is an illusion. One thing is for sure though, gold or silver in hand is no illusion, it is good to have ,is real money and has no counter party risk.

  3. Eric says:

    @coolbuyer
    “why not have it led in a private manner like the dividing of the three forces of a state and have a fourth one for the monetary issues ?”

    The FED _is_ a separate branch of government. So too is the IMF/World Bank.

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