meta_pixel
Tapesearch Logo
Log in
Rebel Capitalist News

News: Global Debt Just Hit Levels You Won't Believe (Here's Why It Matters)

Rebel Capitalist News

George Gammon

Thrive, Wealth, Gold, Finance, Macroeconomics, Education, Protect Wealth, Real Estate, Learn, Business, Investing, Government, Economics, How To

4.71K Ratings

🗓️ 16 August 2024

⏱️ 17 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom. ✅Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, fellow Rebel capitals, hope you're well.

0:02.4

So we've got global debt hitting all-time eyes.

0:09.6

And you think, well, George, I mean, my gosh,

0:11.8

it's got to be like a hundred trillion.

0:14.1

I mean, what, maybe even 120 trillion?

0:17.8

Eh, try 315 trillion.

0:20.9

Let's get right over to this article from Zerohead. We're going to check out the details

0:24.8

as to global debt exploding and go over why this really matters. It's not what you think. It's not what you hear on FinTwit and it's

0:36.4

definitely not what you hear in the mainstream media. Let's shoot over to ZeroHedge title debt hits new hive 315 trillion. The global debt

0:48.8

stock hit a new record in the first quarter of 2024. Now to be clear this includes all debt. So this

0:56.2

would be household debt, this would be financial sector, this would be non-bank corporations,

1:01.8

this would be government, we're going to get into the fine print in just a moment,

1:05.8

just I want to state that right at the beginning.

1:07.8

This deluge in borrowing is widespread trend across economies while the U.S US and Japan were the largest

1:14.0

contributors across advanced economies. China, India, and Mexico drove the

1:17.5

largest share of emerging markets. No surprise there. Overall, debt GDP reached 333% as higher debt servicing costs and growing

1:30.8

debt burdens continue piling up. Okay, what they don't mention is that's way down from the surveys of sickness, but that's the debt to GDP is not what I want to focus on.

1:40.4

I want to focus on the overall debt. And here they've got this fantastic chart,

1:44.3

and this is courtesy of this

1:46.9

it's got to be from the visual capitalist.

1:49.1

I can just tell by their logo.

1:50.5

That's the visual capitalist logo so source I. I. I. F. Global debt monitor right but then the I think if you want to see the chart you've got there you go

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from George Gammon, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of George Gammon and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.