Major economies are running on leverage like never before:

Japan's government Debt-to-GDP ratio stands at ~215%, the highest among major economies.

The US follows with a Debt-to-GDP ratio of ~125%, near its all-time high.

European Economic and Monetary Union (EMU) debt-to-GDP is also elevated, at ~95%.

All while China's Debt-to-GDP ratio sits at a record 93%.

This percentage has doubled over the last 10 years.

The global debt crisis is real.