In the next decade alone, 29 countries (EU-17, US, China, Canada, Japan, UK, Brazil, India, Mexico, Australia, S. Korea, Turkey and Poland) will between them see $36.8 TRILLION in debt maturities and, in a world without fear, the rates at which they will need to refinance their borrowings will be markedly higher – too high, in fact, for many of them to be able to cope with. At that point in time, no amount of Quantitative Easing will be enough to fix the problems facing the world’s central banks because once the fear of collapse turns to fear of the sovereign bond markets, the game is over.
| EU-17 $8.386 Trillion |
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| USA $10.247 Trillion |
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| China $1.095 Trillion |
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| Japan $11.699 Trillion |
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| UK $1.833 Trillion |
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| Korea $367 Billion |
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| Turkey $282 Billion |
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| India $623 Billion
Mexico $497 Billion Australia $204 Billion Poland $282 Billion
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