There’s no question: credit market debt in many economies has reached truly staggering levels—even without factoring in unfunded public pension liabilities. What’s especially troubling is that this debt has built up under the global fiat money regime.
In a fiat money regime, central banks suppress market interest rates artificially—pushing them below the level that would prevail without such manipulation. This fosters an economic boom, driven by an expansion in credit and money. But such a boom rests on unstable foundations.
Learn more, read Dr. Polleit's BOOM & BUST REPORT:
https://www.boombustreport.com/
Thorsten Polleit