Time is ticking out for world’s economies.

Thanks to the dovish, reckless money creating central banks and politicians not doing a d… thing about it, the world’s debt is now exceeding an average of $86,000 for every individual living being on this planet. Based on the IMF Global Debt Database, this number far exceeds the value of realized output.

The United States, China and Japan are responsible for the biggest share in this killer debt. These countries are the top three global borrowers. This is more than half of the global debt.

The IMF stated that the appearance of China in this list is a bit of a surprise. Since 2000,  China’s share in global debt surged from less than 3 percent to more than 15 now. Emphasizing the rapid credit surge happened in the aftermath of the global financial crisis.

According to the Monetary Fund, global debt has now reached a record high of $184 trillion in nominal terms. That’s the equivalent of 225 times the world GDP in 2017.

The latest figures show that the debt figure is currently $2 trillion higher as the estimated number released by the IMF last October. This could happen because in October several countries failed to report their debt status.

The world is now literally living on borrowed time. The recovery after the financial crisis is based on debt. Not on real achievements.

Therefore, it is not the question if, but when the next final collapse will occur. This time there will be no help from Governments to saved failed banks and business. The next crash will be devastation at an unseen scale with no helping hand.

The world economy is severely slowing down. Oil prices dropped significantly over the last few weeks. High Street shops are reporting the worst November sales ever. The Brexit chaos is leaving many in limbo about things to come. The government is a lame Duck. It increasingly emerges that the U.K. will crash out the E.U. and with the army already mobilized, for many people there is not much reason to be in an optimistic mood.