Global Government Debt has soared to an all-time high of $82 Trillion after adding $50 Trillion since the Global Financial Crisis and $20 Trillion since the pandemic.
Government debt since 1952 (trillions of US dollars)
Government spending, facilitated by fiat money creation, leads to unsustainable debt levels, further destabilizing the currency. This spending habit, particularly in response to crises, creates a ratchet effect where expenditures continuously escalate without returning to pre-crisis levels. This phenomenon is evident in the U.S., where government spending now significantly outstrips revenue, contributing to a national debt exceeding $34 trillion, with global government debt reaching a staggering $82 trillion.
Via ZeroHedge
