An Ancient Solution To Global Debt Being Almost Three Times As Big As the Entire World Economy

4 March 2015

 - The Guardian reports that global debt has grown by $57 trillion dollars – to $199 trillion dollars – since the 2008 financial crisis.

How much is that?  It’s a big number … but what does it actually mean?

The Guardian notes that global debt is now more than twice the size of the entire global economy: Total debt as a share of GDP stood at 286% in the second quarter of 2014 compared with 269% in the fourth quarter of 2007.

(That’s more than 2.8 times the size of the world economy).