Dinar Daily
Welcome to Dinar Daily Discussions.

Logging in with your USERNAME allows you to participate in discussions, see what has recently been posted, and other options. Guests can post but they do have limited abilities.

We are NOT a guru forum. We are a dinarian forum. The opinions expressed on the forum do not reflect the of opinion of Dinar Daily specifically, but rather reflect the views of the individual posters only.


We are in compliance with, "Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use."

Join Us for Dinar Discussions and More -- We Keep it REAL
HomeSearchMemberlistFAQLog inRegister
Help Us Drain the SWAMP in DINARLAND

REPORT TONY RENFROW for violating his Court Order to stay away from Dinar -

Judge's email: ksd_murguia_chambers@ksd.uscourts.gov
PHONE - 913-735-2340

DA's email: Scott.Rask@usdoj.gov
PHONE - 913-551-6730

Key Words
Adam Montana, AdminBill, Benjamin Fulford, Currency Exchange, David Schmidt, Dinar, Dinar Guru, Dinar Recaps, Dinar Rv, Dinar Scam, Dr Clarke, Frank26, Gary Larrabee, Gurus, Guru Hunters, JerzyBabkowski, Kaperoni, Kenny, Monetary Reform, Mnt Goat, My Ladies, Okie, Poppy, RamblerNash, Ray Renfrow, Redenomination, Revaluation, Ssmith, TNTBS, Tnt Tony, WING IT, We Are The People, Willis Clark, WSOMN, Yosef, Zap
Share | 

 IMF says global debt tops $152 trillion, urges some to spend more

Go down 

Posts : 12081
Join date : 2015-02-19

PostSubject: IMF says global debt tops $152 trillion, urges some to spend more   Wed Oct 05, 2016 6:05 pm

IMF says global debt tops $152 trillion, urges some to spend more

Vitor Gaspar reacts during a news briefing in Lisbon March 15, 2013.  REUTERS/Hugo Correia

Business News | Wed Oct 5, 2016 | 4:20pm EDT

By David Lawder | WASHINGTON

The world is swimming in a record $152 trillion in debt, the IMF said on Wednesday, even as the institution encourages some countries to spend more to boost flagging growth if they can afford it.

Global debt, both public and private, reached 225 percent of global economic output last year, up from about 200 percent in 2002, the IMF said in its new Fiscal Monitor report.

The IMF said about two thirds of the 2015 total, or about $100 billion, is owed by private sector borrowers, and noted that rapid increases in private debt often lead to financial crises.

While debt profiles vary by country, the report said that the sheer size of the debt could set the stage for an unprecedented private deleveraging that could thwart a still-fragile economic recovery.

"Excessive private debt is a major headwind against the global recovery and a risk to financial stability," IMF Fiscal Affairs Director Vitor Gaspar told a news conference. "Financial recessions are longer and deeper than normal recessions."

While the United States has de-leveraged since the 2008-2009 financial crisis, the report cited the buildup of private debt in China and Brazil as a significant concern, fueled in part by a long era of low interest rates.

The report comes as IMF managing director Christine Lagarde is urging the Fund's 189 member governments that have "fiscal space" - the ability to sustainably borrow and spend more - to do so to boost persistently weak growth.

The Fund's call for targeted fiscal support for consumer demand comes is accompanied by calls for continued accommodative monetary policy and accelerated structural reforms aimed at boosting countries' economic efficiency.

If a major deleveraging of private debt were to occur, the IMF report recommends that fiscal policy should include targeted interventions to restructure private debt or repair bank balance sheets to mininize damage to the overall economy.

These could be similar to the mortgage restructuring programs undertaken by the United States during the crisis or the Obama administration's automotive industry restructuring,

Gaspar said.

"These types of policies could be particularly useful in China," Gaspar said. "But in order to work, they need to be adequately designed and subject to strong governance principles."

(Reporting by David Lawder; Editing by Marguerita Choy)


( From ReapAndSow73 comment: http://www.dinardaily.net/t57894-universal-debt-forgiveness-and-the-imminent-global-debt-jubilee#293586 )
Back to top Go down
View user profile Online

Posts : 1865
Join date : 2015-08-13

PostSubject: Re: IMF says global debt tops $152 trillion, urges some to spend more   Wed Oct 05, 2016 6:48 pm

Like I said earlier - LaGarde should jump on eBay, buy a ZWD note, exchange at Wells Fargo for a quadrillion, and solve the world's problems with $850T to spare!!!
Back to top Go down
View user profile
VIP Member
VIP Member

Posts : 13448
Join date : 2011-06-18
Age : 61
Location : Central Florida-

PostSubject: Re: IMF says global debt tops $152 trillion, urges some to spend more   Wed Oct 05, 2016 9:07 pm

Now THAT is a nice 'chunk' of change!!
Back to top Go down
View user profile
IMF says global debt tops $152 trillion, urges some to spend more
Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Jump to: