Government debt hits record $66 trillion, 80% of global GDP, Fitch says

CNBC/Jeff Cox/1-23-2019

“Governments are continuing to run up huge debt levels, with emerging countries helping push the total global IOU to 80 percent of gross domestic product. The worldwide tab through 2018 is now up to $66 trillion as measured in U.S. currency terms, about double where it was in 2007 . . .”

USAGOLD note:  The potential for global systemic risk and a contagion effect appears to be nearly limitless.

Repost from 1/24/2019

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