World needs $100 Trillion more credit

The world's expected economic growth will have to be supported by an extra $100 trillion (£63 trillion) in credit over the next decade, according to the World Economic Forum.

http://www.telegraph.co.uk/finance/...on-more-credit-says-World-Economic-Forum.html

 

Somehow that seems all very wrong. The world is in its current mess with a great deal of the blame due to "excess credit". ??

 

Exactly, no one has any understanding as to why were in this credit crisis, its due to excess credit and all they keep thinking of doing is creating even more trillions in credit. There is just no way this can continue to sustain itself, the trillions of dollars to bailout the system is NOT the answer to the credit crisis and everyone will soon find this out.

 

In other words.

Print your way out. Print your wealth and prosperity.

How nuts!!!!!

 

You said it right
expected economic growth

there won't be any economic growth
a deflationary depression is just around the corner
economists are always wrong in the long run

 

I think this is an important discussion. But nobody posting here.