20 Reasons Why The Global Debt Time Bomb Will Explode Soon

Paul Farrell seems like one of the few columnists allowed to be down-beat at MarketWatch. His latest doom-laden epistle lists 20 very good reasons why the global economy is going to go bang any time soon. He is not the only one, as he cites both Bloomberg and Forbes publishing similar articles.

The number one reason is the huge amount of debt being accumulated by governments, or rather, by their central bankers who then pass on the debt to the taxpayers. Historical research has shown that once debt reaches 90% of GDP then a country is in serious danger of defaulting and its economy shrinks - switch off the hot air and the balloon quickly shrivels and gravity takes over.

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