So believe it or not, it was during the Napoleonic wars that the amount of debt in the world actually skyrocketed. Congratulations. Right now I think The world, now world governments are $312 trillion in debt. Why is that important? Well, the burn rate of the United States we're burning right now. And remember, this is a really, this is a fairly decent economy and we're borrowing about $70,000 a second every day, $70,000 a second. (01:02–01:10)
CLAIM
Asserts that global government debt has reached $312 trillion.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
