Since 1997, the world's debt has seen an exponential surge, reaching a staggering $225 trillion. This massive sum encompasses various forms of debt across governments, corporations, and households worldwide. The steady ascent of debt from 1997 onwards has raised concerns about the sustainability of such financial burdens. Governments, driven by economic needs and responding to crises, have increasingly resorted to borrowing. Simultaneously, corporations and individuals have also contributed to this escalating figure through loans and credit. This mounting debt load poses potential risks to global financial stability and future economic prospects. Economists and policymakers continue to monitor this trend closely, emphasizing the importance of prudent financial management to address the challenges posed by the ever-increasing global debt. Understanding the factors driving this surge is crucial for developing strategies to ensure sustainable economic growth and stability in the long term.
🔥🔥My opinion: fiat money will lose the value but CRYPTOS will stay in the game 🔥🔥💪🏻💪🏻
