Sovereign Debt
From James Turk's Goldmoney Foundation channel on Youtube comes this excellent interview with Jim "Mr. Gold" Sinclair:

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 Gonzalo Lira's blog via Zerohedge comes this excellent commentary on why both 'Austerity' & 'Stimulus' economic policy measures, being espoused by advocates of both camps in governments & monetary authorities around the world, are doomed to fail.
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