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Global Debt: A Ticking Time Bomb - Revolutionary Communists of America
2 Articles
2 Articles
Global Debt: A Ticking Time Bomb - Revolutionary Communists of America
For decades, the world economy has been kept afloat by the life support of credit. For a time, it appeared as if there was no limit to what governments could borrow in order to stabilize the system. Problems were simply kicked down the road, as if there were no tomorrow. In this way, they have fed a monster, which now threatens to devour its master. [Originally published on Marxist.com] According to the OECD’s “Global Debt Report 2025,” combined…
The fuse has been lit and the "bomb" is only a matter of time before it explodes: The reason is the public debt that some of the leading Western economies have accumulated in their "basements".... The debt of the major Western countries is a "bomb ready to explode" - NAVTEMPORIKI
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