Excellent.

I don't think many of us can imagine the amount of debt we are talking about. Great eye opener.

$33 trillion worth of debt means if they pay back $1m every second it will take 3 centuries to repay it? grin

There is $303 trillion worth of debt in 2021 globally.

That is not taking onto account how overvalued many of the banks books are. Deutsche Bank alone was estimated to have nearly €60 trillion worth of over valued assets on their books.
Buildings with a €1m of leveraging on them worth €500k etc.

As we are now seeing the lending is tightening again, interest rates rising, and inflation is going mental. Just be aware folks, get any lending you want in place asap and be in a position to ride out the next 5 years or so. It is going to get bumpy.

Buy things like hifi and things you can enjoy at home with your family, just try to get rid of as much debt as you can.

No Darling, I've had it months!