The suffocation of unsustainable global debt -- Total global debt is now over $190 trillion and more than three times global GDP.

The global debt markets are beyond sustainable levels. Total global debt is above $190 trillion and has created a global debt to GDP ratio of well over 300 percent. This is clearly not supportable over the long-term. In the European Union, the biggest market based economy in the world th enemployment rate keeps creeping up now to a headline rate of 10.8 percent. Spain, a major worry for credit markets has a stunning 23 percent unemployment rate while the youth unemployment rate is a staggering 50 percent