World needs $100 Trillion more credit.
The world's expected economic growth will have to be supported by an extra $100 Trillion (£63 Trillion) in credit over the next decade, according to the World Economic Forum.
Unfortunately, the UK, France, Portugal, Ireland, Spain, Greece and Italy are in much the same predicament. Greece and Portugal will goes first and we will probably see a domino effect.
But if the USA goes, everyone goes. We're talking about a total collapse of the economic system worldwide. USA is bankrupt.
http://www.telegraph.co.uk/finance/f...mic-Forum.html
The world's expected economic growth will have to be supported by an extra $100 Trillion (£63 Trillion) in credit over the next decade, according to the World Economic Forum.
Unfortunately, the UK, France, Portugal, Ireland, Spain, Greece and Italy are in much the same predicament. Greece and Portugal will goes first and we will probably see a domino effect.
But if the USA goes, everyone goes. We're talking about a total collapse of the economic system worldwide. USA is bankrupt.
http://www.telegraph.co.uk/finance/f...mic-Forum.html