Total Credit Market Debt today, is at an astonishingly $55.3 trillion dollars.
|Chart 1: Total Credit Market Debt Owed|
|Chart 2: Total Credit Market Debt as a Percentage of GDP|
This total credit market debt can be divided by federal debt and private debt.
1) Federal debt: $16.7 trillion.
|Chart 3: Federal Debt: Total Public Debt|
|Chart 4: Federal Debt: Total Public Debt as a % of GDP|
|Chart 5: Private Debt|
|Chart 6: Private Debt as a percentage of GDP|
But overall, the Federal Reserve hasn't printed enough money to keep debt going up exponentially (Chart 1).
So what happens when debt doesn't grow exponentially? You will get an economic collapse as Chris Martenson explains here.
To read the analysis: go here.