Time Lapse Interactive Video Of Global Debt: 1870 - 2010
Ever wanted to run a Sid Meyer Civilization end of game recap scenario on the world and see which country, region or continent had built up the most debt the fastest? Or, far simpler, just to watch a time lapse video of total debt/GDP by country or by region? The IMF now allows you to do both. The international monetary organization has released a Data Mapper tool which not only shows a snapshot map chart of instantaneous sovereign leverage at any given moment, but also shows just how global debt levels have changed through the ages. Of particular note is total debt/GDP at advanced countries in the post-WW1, Great Depression and WW2 period. And while back then the result was either hyperinflation (Weimar) or various stages of removal of the gold standard (until all currencies became freely floating under Nixon), we now no longer have the option of a relative devaluation, and the only chance left for a world levered to its gills is either absolute revaluation of a brick of gold, accelerating, rampant inflation or outright default. Have fun playing with the drilldown function.
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