China's Debt is Out Of Control & Global Leverage is Now 25% Higher than Pre Global Financial Crisis

[TexasTowelie]

In this video I look at GLOBAL DEBT and compare the situation today with the position prior to the GLOBAL FINANCIAL CRISIS in 2008. Governments around the world have been issuing MASSIVE amounts of debt over the past 15 years and Global Leverage is now at frightening levels. The levels of debt in China have increased dramatically over the past 5 years and the situation now looks critical. As the Global Economy moves towards recession what are the risks that this amount of debt presents?

Chapters:
0:00 Intro
2:09 GLOBAL LEVERAGE
5:39 HOUSEHOLD DEBT
6:57 FINANCIAL INSTITUTIONS
8:20 CORPORATE DEBT
9:36 TOTAL DEBT
10:20 GOVERNMENT LEVERAGE
11:55 INTEREST COSTS
13:24 CHINA
16:08 SUMMARY & CONCLUSION

[no_hypocrisy]

1. What happens to the world economy (let alone, ours) if/when China defaults

on essential debts?