World debt has reached unsustainable levels; mass default looms - coverage in mainstream media
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Today on The Janssen Report (#77): world debt has reached multiples of the global GDP, which even mainstream media are now describing as unsustainable. To put it in perspective: if we could use our entire world GDP (that is: 100%!) to pay off all debts, it would take several years to completely get rid of that debt. Over the past years the debt has only been rising; individual countries have been running nothing but deficits. Ask yourself: what will happen when this mass default occurs? How will this affect you personally? Sources: - http://www.telegraph.co.uk/finance/economics/11129108/Mass-default-looms-as-world-sinks-beneath-a-sea-of-debt.html - http://blogs.wsj.com/economics/2013/05/11/number-of-the-week-total-world-debt-load-at-313-of-gdp/ - Janssen Report #20: http://youtu.be/51pI7lHjIpU Cheers! Marco Janssen The Janssen Report
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Marco, what's your opionion about the plunge of the precious metal prices recenty, actually on days like today even accelerating. They do not reflect what you are telling and refering to in this video. You think it is all because of the precious metals manipulation?
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Great summary thanks Marco and I agree it's not a question of "if" but rather "when"
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