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January 28, 2018 | World Dollar Debt up 5.2% – World Euro Debt Up 10.5%

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

The Bank for International Settlements (BIS) has reported exactly what we have been warning about – the explosion in dollar-denominated debt outside the USA which means a rise in the dollar will see a massive debt crisis. The total volume of US dollar-denominated debt outside the US increased significantly. The BIS reported that the volume of dollar debt of sovereigns and non-financial corporations has risen by 5.2% between September 2016 and September 2017, to around $9 trillion. Euro debt increased even more by 10.5% rising to €2.9 trillion euros. Liabilities denominated in Japanese yen rose 3.3% to ¥48.3 trillion yen.

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January 28th, 2018

Posted In: Armstrong Economics

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