GLOBAL DEBT REACHED TRIPLE THE ECONOMY: CRISIS IN CHINA AND THE US IS DEEPENING‼️
In the first quarter of 2024, global debts rose to $315 trillion, reaching 333% of GDP, more than three times the global economy. China's debt situation is critical; Shanghai is in profit, while Sichuan is in deficit of -$4100 billion. Two-thirds of the country is struggling to pay its debt, one-third is having trouble paying interest.
High interest rates in the US are exceeding the defense budget for debt interest expenses. Solution: More debt and money printing.
