World Dollar Debt up 5.2% – World Euro Debt Up 10.5%

The Bank for International Settlements (BIS) has reported exactly what we have been warning about – the explosion in dollar-denominated debt outside the USA which means a rise in the dollar will see a massive debt crisis. The total volume of US dollar-denominated debt outside the US increased significantly. The BIS reported that the volume of dollar debt of sovereigns and non-financial corporations has risen by 5.2% between September 2016 and September 2017, to around $9 trillion. Euro debt increased even more by 10.5% rising to €2.9 trillion euros. Liabilities denominated in Japanese yen rose 3.3% to ¥48.3 trillion yen.

Latest Posts

Pilotless Air Taxis Have Arrived

The technology coming out of China is quite remarkable. China has unveiled the world’s first pilotless air taxi service. The Civil Aviation Administration of China (CAAC) issued Air Operator Certificates [...]
Read more

Living on the Edge

The U.S.-China trade war is an ongoing economic conflict that began in January 2018, characterized by the imposition of tariffs and trade barriers by both countries. Recently, tensions escalated as [...]
Read more