In 2018, the World debt hits 233 000 Billons Dollars. It is more than 3 years of global work considering the GDP per year.
It means as a comparison, each Human of the Global population as to pay back 30 000 $.
How much time it represent?
If we consider the global population work every day 8 hours during 250 days of 365 days per year.
It means each person work 2000 hours per year in average.
From 7.6 Billion (Global Population in 2017), there are about 3 Billion having paid employment
3 Billion X 2000 hours = 6 000 Billion « working » hours generated per year.
As bloomberg write, the Global Debt represent more than 3 years of Global population Work. So the global working population has to work 6000 hours per person to pay back the debt.
30 000 $ / 6000 hours = 5 dollars paid per hour in average.
TIME TO FACE REALITY!
If the average population use 10% of his time to pay back the debt (because we need to use the rest to pay our normal living cost).
It means we need ten times more time to pay back. So not 3 years but 30 years.
So the Global working population has a debt of 30 years in the system we are living in.
TIME FOR CHANGE
It’s time to use a new currency based on the Time itself.
If we generate a currency based on time, it will not be perfect but more fair.
We work one hour and we spend one hour of our time to pay one hour of different work. It’s the same precious time.
I let you think about it…