The Debt Realignment Initiative
For a global problem we need a global solution.
The World Debt can only be an estimate.
If you look at different sources, you get different numbers. It depends on what is being counted and how.
Nevertheless, it is accepted that the total world debt is above 49 trillion dollars.
49 trillion dollars! and growing.....
Conceptually, we must realize what a trillion is. This is part of the problem. We do not understand the numbers.
This may help:
Rounded off: A million seconds is 11.5 days. A billion seconds is 32 years. A trillion seconds is 32 thousand years, 31,688 years to be exact.
If we look at the world debt numbers, we can see they cannot be"paid off" by more than one country. To attempt to do so with austerity programs and taxation is morally wrong.
To put people and countries through decades and decades of pain would produce nothing but pain and would be a result of not comprehending the numbers. People will wake up. Countries will wake up. They will walk away from this nonsense.
The numbers must be realigned to save countries' economies and the global economy.Below is the debt clock just for the united states of america. we must realign the global debt to end the current crisis.