The world's GDP this year 2024 will be $109 Trillion. World debt is multiples of that at $315 Trillion. The world is already "levered up".
GDP grows around 3% per year. Debt grows more than 50% faster at ~ 4-6% per year.. Currently, there is no path to reduce that ratio.
Unless... there is a way to onboard the couple billion people not yet connected to the economy in underdeveloped countries..
If there is a framework for plugging people from the “informal economy” to the formal economy that ratio can revert some day.
Possibly interested in unleashing economic empowerment across the underdeveloped world? Follow the work of @HDeSotoPeru and his work in creating the foundation for economies laid out in "Mystery of Capital"
GDP grows around 3% per year. Debt grows more than 50% faster at ~ 4-6% per year.. Currently, there is no path to reduce that ratio.
Unless... there is a way to onboard the couple billion people not yet connected to the economy in underdeveloped countries..
If there is a framework for plugging people from the “informal economy” to the formal economy that ratio can revert some day.
Possibly interested in unleashing economic empowerment across the underdeveloped world? Follow the work of @HDeSotoPeru and his work in creating the foundation for economies laid out in "Mystery of Capital"
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