News Analysis: In 2007, $70 Trillion Dollars was the World Governments’ reported Debt Levels. Six years later $30 Trillion Dollars was added to this Mount Everest of Debt. Many World Leaders say – “$100 Trillion Dollars In Debt: No Problem”. Their comprehension of the size of their debt is ‘Non-Existent”, many people say.
Corporations added $21 Trillion Dollars of Debt to an adjacent “Mountain” over the Six Years. Again, Investors merely shrug off the “Goliath” as though it does not exist; they are either in ‘Denial’ or not comprehending the possible deleterious nature of their creations.
The problem with the Preposterous Scale of the Debt is “It Is Almost Insurmountable” many Economists think. Paying it off will surely slow down the speed of World Economic Recoveries they submit.
It is unfortunate that many World Leaders have such poor understandings of Economics conjoined with the reality of Entropic Occurrences which Nations face from time to time. Financially, they seek ‘Short Term Relief’ which can cause “Sustained Grief” for their Citizenry.
The Financial Myopia of many World Leaders is so bad that one may consider these “Masters of the Universe” to be suffering from “Mass Economic Astigmatism”.
Reality.
Reference: http://tinyurl.com/mq2bmmj