Global Debt To GDP Is At All Time Highs

The global debt-to-GDP ratio hit an all-time high of 322% in the third quarter of last year, according to a report released Monday by the Institute of International Finance.

Debt rose by almost US$10 trillion to US$252.6 trillion from a year earlier, said the Washington-based IIF, which is comprised of the world’s leading financial institutions. Debt from all sectors — ranging from household to government to corporate bonds — surged.

Today's monetary system is based upon a lie. The lie is that you can get something for nothing, or perhaps
more simply stated, wealth can be printed. History has shown throughout 5000 years that whenever a
country has tried to maintain this illusion (lie), failure has been the result.

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