The author notes: "In the first decade of this century, which was by no means a weak period economically, countries more than doubled the level of debt -- to an estimated grand total of $55 trillion by the end of 2011." The world is following our lead in this self destructive trend. The first page of this article is definitely worth the read.
Ponzi Planet: The Danger Debt Poses to the Western World - SPIEGEL ONLINE - News - International:: www.spiegel.de/international/world/0,1518,806772,0....html
http://chumly.com/n/f3cf60
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