In this short article I will try to show that in reality, the debt that really matters for the economy is private debt, not public debt, which instead is now public enemy to be killed by any means, in order to come to realize a new system of global governance.
Looking at the following chart on the U.S. public and private debt, you can make some considerations.
During the last 40 years, it happened that about 80% of money creation by banks was designed to governments, households and the financial sector while only 20% went to finance the productive sector.
From the graph it is observed that since 1953 about the private debt has exceeded the U.S. public debt and in the last 30-40 years, while the public debt has declined from 50 to 90% of GDP, the private sector has grown monstrously 110-300% of the GDP!
Household debt and U.S. companies is 300% of GDP in the first world economic power!
Other than public debt, private debt ... is what destabilizes the economy!
If we look at how this is composed staggering level of indebtedness of the private sector, we realize that it is mostly made up of loans granted for the purchase of real estate, as can be seen from the following chart clarifier:
Curiously, however, in the U.S. as much as the debt grows, the lower is the rate of interest on it (this obviously does not apply to Italy, Greece, Spain, France, ..).
For example, for the USA is so:
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