They consistently devise excuses to perpetuate past policies, but this unsustainable situation will inevitably reach its breaking point. The consequences will be devastating for those relying on fiat currency.


BlokchainB

supratic

charts_and_numbers

> The global debt stock hit a new record in the first quarter of 2024, increasing by $1.3 trillion in just three months.
>
> This deluge in borrowing is a widespread trend across economies. While the U.S. and Japan were the largest contributors across advanced economies, China, India, and Mexico drove the largest share in emerging markets. Overall, the global debt-to-GDP ratio reached 333% as higher debt servicing costs and growing debt burdens continue piling up.
> 
> This graphic shows the stock of global debt in 2024, based on data from the Institute of International Finance ([IIF](https://elements.visualcapitalist.com/wp-content/uploads/2024/07/global_debt_monitor_may2024_vf.pdf)).
>
> ![](https://m.stacker.news/45576)
>
> **[🔗 visualcapitalist.com](https://www.visualcapitalist.com/global-debt-hits-a-new-high-of-315-trillion/)**