Economic Collapse

Business as Usual: Is the World’s Government Debt Bubble Going to Burst?

Worldwide Economic Collapse:

Jesus said the coming of the Son of Man will be just like the days of Noah (Matthew 24:37-39). The thing about the days of Noah is that even in the midst of terrible apostasy, evil, violence, and rebellion against God, the people went ahead with their normal lives. They planted fields, they harvested crops, they built houses, they got married, and they had children. They went about business as usual, until the very day that Noah entered the ark, and then destruction came and took them all away

1 Thessalonians 5:3 For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.

Revelation 13:16-17 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

Business as Usual: Is the  World’s Government Debt Bubble Going to Burst?

July 23, 2019 by IWB

The good news is that the U.S. is not alone in its accrual of debt. While the U.S. national debt of $22 trillion is truly staggering, the country’s economic output is also much higher than other countries’. The best way to compare different countries’ national debts is to use the debt-to-GDP ratio, which compares a country’s output with its debts. The visualization above uses data from the International Monetary Fund to illustrate debt-to-GDP ratios between countries, with the larger, redder countries toward the center representing the highest ratios. The countries with the highest debt-to-GDP ratio are Japan, Greece, and Barbados. By this measure, the U.S. ranks 13th.

Categories: Economic Collapse

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