Paul Craig Roberts: Are We Brewing a New Feudalism?
"Write-offs for the One Percent, and more indebtedness for everyone else."
"Write-offs for the One Percent, and more indebtedness for everyone else."
“Global debt — both public and private — has reached an all-time high of $188 trillion. This amounts to about 230 percent of world output,” Georgieva said in a speech to open a two-day conference on debt.