Where is the world’s economy headed? Will the cost of living continue to climb? Will we see another recession—or worse yet, a full-blown economic meltdown?
These are not theoretical questions. Whether you own your own business, work for an employer, or are on a pension, your money is important. These questions affect your life.
Much of the financial news in our headlines is not good. We hear of tariffs and trade wars; fears of a recession; rising inflation—and we see the escalating prices first-hand in our grocery bill.
We see alarming news of a national debt in the U.S. that now sits at over $36 trillion. It’s a colossal mountain of debt that’s hard to comprehend. But debt is not just an American problem. A number of countries in the Western world are also carrying extremely high debt, expressed as their debt ratio—the amount of debt in relation to GDP, or Gross Domestic Product.
The World Population Review website lists the American national debt at 122% of GDP. That means that the debt accumulated by the government of the United States is significantly above the value of what the entire nation produces. That should be deeply concerning to us. And other nations aren’t far behind. France’s debt ratio sits at 111%. And Canada’s debt ratio is similar, at 108%. The United Kingdom’s is not far behind, at 97.6%.
So, many countries are carrying a sizable amount of debt. And all it takes is a few unexpected disasters—polycrises as they are now beginning to be called—for prices to soar and jobs to disappear.
So, what does the future hold for our Western nations? The sobering news is, there are tough times ahead. But you and I can be ready. If you are concerned about the financial welfare of your children and grandchildren, you don’t want to miss today’s program on Tomorrow’s World.
We don’t have to face the future unprepared. We can be forewarned and forearmed. You can survive the coming crash. How?
These are not theoretical questions. Whether you own your own business, work for an employer, or are on a pension, your money is important. These questions affect your life.
Much of the financial news in our headlines is not good. We hear of tariffs and trade wars; fears of a recession; rising inflation—and we see the escalating prices first-hand in our grocery bill.
We see alarming news of a national debt in the U.S. that now sits at over $36 trillion. It’s a colossal mountain of debt that’s hard to comprehend. But debt is not just an American problem. A number of countries in the Western world are also carrying extremely high debt, expressed as their debt ratio—the amount of debt in relation to GDP, or Gross Domestic Product.
The World Population Review website lists the American national debt at 122% of GDP. That means that the debt accumulated by the government of the United States is significantly above the value of what the entire nation produces. That should be deeply concerning to us. And other nations aren’t far behind. France’s debt ratio sits at 111%. And Canada’s debt ratio is similar, at 108%. The United Kingdom’s is not far behind, at 97.6%.
So, many countries are carrying a sizable amount of debt. And all it takes is a few unexpected disasters—polycrises as they are now beginning to be called—for prices to soar and jobs to disappear.
So, what does the future hold for our Western nations? The sobering news is, there are tough times ahead. But you and I can be ready. If you are concerned about the financial welfare of your children and grandchildren, you don’t want to miss today’s program on Tomorrow’s World.
We don’t have to face the future unprepared. We can be forewarned and forearmed. You can survive the coming crash. How?