Global Debt has reached a new high and has surpassed a record mark of 250 trillion dollars according to a press release by the Institute of International Finance as on Nov 20th. The debt has also hard and reached a record of 71.4 trillion dollars for emerging market economy. This is indeed a very difficult and a tough situation. To put it in different term the figures reported by the institute is equal to 32,500 dollars for each person on this planet or 1.21 million per Bitcoin (BTC).

Image Source: static.independent.co.uk

Is debt that has been projected is that bad enough, because after all debt can stimulate growth, enabling the country to improve its infrastructure, built hospitals , schools, roads and ensure  higher well being of its nation and thereby improving the living standard of its citizen. It can raise the country’s standard of living and help them increase their economic and social status and reach new heights in terms of development. According to Dylan Riddle a correspondent from a major finance newspaper debt is good for the betterment of a nation’s economy, but too much is also not good  and it raises concern because it can take the take any economy down with and put the global economy is crisis mode and with it the entire financial system.

Image Source: www.pennlive.com

According to the correspondent the global economy has added about 75 trillion dollars worth of debt since the last recession which happened a decade back. But arriving and drawing conclusion soon enough  is not a good idea because there are many factors that work behind the scene and to put up a yardstick  on which point the alarm should be in red is like equivalent to guessing according to William D. Lastrapes, teacher of economics at University of Georgia.

Source: Coin Telegraph


Disclaimer: Darkweblink.com does not promote or endorse claims that have been made by any parties in this article. The information provided here is for the general purpose only and unintended to promote or support purchasing and/or selling of any products and services or serve as a recommendation in the involvement of doing so. Neither Darkweblink.com nor any member is responsible directly or indirectly for any loss or damage caused or alleged to be caused by or in relation with the reliance on or usage of any content, goods or services mentioned in this article.


Tags: #Deep_Web_directories #Hidden_Wiki_Links #Deep_Web_Links_and_Web_Sites #Dark_Web_Links #Best_Dark_web_Websites

SHARE
Previous articleBitcoin course is crash and how it goes?
Next articleTunisia Central Bank (BCT) Denies Launching Of Digital Currency
AZNIV WARD
Azniv Ward is a student of Austrian Economics whose interests lie in Cryptography, Bitcoin security, open-source systems, network effects and economics. She has been an evangelist ever since. Having discovered the existence of Cryptocurrencies in 2011, she is intrigued by Tor .onion URLs directories.

LEAVE A REPLY

Please enter your comment!
Please enter your name here