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Debt/GDP
The 2011 Sydney Gold Symposium was held at Luna Park during 2 days in mid November.
Keynote speakers included: Eric Sprott & John Embry (Sprott Asset Management); Ben Davies (Hinde Capital); Alf Field; Richard Karn (Emerging Trends Report); Egon von Greyerz (Matterhorn Asset Management); Dan Denning (Daily Reckoning); David Evans (GoldNerds); Louis Boulanger (LB Now) & Gavin Thomas (Kingsgate Consolidated).
The 2011 Sydney Gold Symposium was held at Luna Park during 2 days in mid November.
Keynote speakers included: Eric Sprott & John Embry (Sprott Asset Management); Ben Davies (Hinde Capital); Alf Field; Richard Karn (Emerging Trends Report); Egon von Greyerz (Matterhorn Asset Management); Dan Denning (Daily Reckoning); David Evans (GoldNerds); Louis Boulanger (LB Now) & Gavin Thomas (Kingsgate Consolidated).
A must see interactive map of global debt levels from The Economist. With a World GDP of approximately US$52 Trillion in US Dollar equivalent terms, and a Global Debt load of approximately US$40.64 Trillion in US Dollar equivalent terms for 2010, this is a World Debt/GDP ratio of approx. 78%. For 2011, the Global Debt load is expected to reach US$43.713 Trillion.
This chart shows total debt: public & private; for the colour coded chart legend, but only shows public debt in the presented figures that pop up when you move your mouse over the country in question.
And central banks, governments & the media are still telling the general population that the globe doesn't have a debt problem, but a liquidity/demand problem? They must be kidding...
From the People's Daily in China comes this little tidbit of the sorry saga that is, over-indebted governments & their ballooning public debts & unfunded liabilities. This time, the focus is France.
