In 1971, global debt was at $100 trillion dollars. It took 2,000 years to reach that level. In a mere 50 after Nixon left the Bretton Woods system, which removed gold as the backing to the U.S. dollar, we are at a global debt of nearly $300 trillion dollars. In the next 4-9 years, global debt is projected to hit 2 quadrillion dollars. There is no way these debt levels are sustainable.
-
(844) 426-4653
www.bmcham.com
