How is THIS not a bigger story?steemCreated with Sketch.

in #money7 years ago

I just stumbled on these articles written in the last two days claiming that corporate debt is more than double what was reported, due to money hidden in currency exchanges (from what I understand).

http://business.financialpost.com/news/economy/credit-bubble

http://www.nationalpost.com/canada+flagged+hidden+trillion+credit+bubble+stokes+global+crisis+fears/14739264/story.html

Global reported GDP: $75 trillion

Global reported debt (revised): $10.7 trillion => $25 trillion

When does this hit crisis if debt is already 1/3 of the global GDP?

[ Image from: https://www.google.com.au/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=0ahUKEwjxm43-4LLWAhWMnpQKHWmRChYQjxwIAw&url=https%3A%2F%2Fwww.ped30.com%2F2016%2F08%2F02%2Fapple-trump-financial-collapse%2F&psig=AFQjCNFwL1Ym1ylMHV04K-S4NzNHMwPINQ&ust=1505962304441984 ]

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