Global Debt Time Bomb Surges to $250 Trillion Nearly – GoldCore Video
By GoldCore
– “The $247 trillion global debt bomb” Washington Post warn
– Debt expansion appears to be accelerating and in Q1,2018 alone, global debt surged by another $8 trillion
– After falling marginally in recent years, global debt to GDP increased in Q1, 2018 and global growth is now slowing while global debt increases
– All major countries and every strata of society sees debt surge and massive consumer/ household, business, financial and government
– Important to consider the debt surge in context of GDP and since 2003, as a share of the world economy (GDP), the increase went from below 250% of GDP in 2003 to nearly 320% today
– Quarter Quadrillion in debt does not include massive global pension liabilities and other unfunded liabilities such as the U.S. social security, medicare and medicaid
– “Another financial crisis is coming, the question is when”
News and Commentary
Gold prices flat as dollar steady ahead of Fed speech (Reuters.com)
Asia Stocks Mixed as Japan Outperforms on Yen Drop (Bloomberg.com)
Traders Exit Gold ETFs as Dollar Leaves Metal `by the Wayside’ (Bloomberg.com)
Empire State Index Falls in July (Investing.com)
‘Biggest bubble in the history of mankind and it’s going to burst’ – Ron Paul (CNBC.com)
Gold to go lower in short term before going higher – Veteran chartist Yamada (CNBC.om)
How The Trade War Will Hurt The US — And The World (DollarCollapse.com)
No change in BIS intervention in gold in June – Lambourne (Gata.org)
SWOT Analysis: Have We Reached Peak Gold? (GoldSeek.com)
Gold Prices (LBMA AM)
16 Jul: USD 1,244.90, GBP 938.41 & EUR 1,063.52 per ounce
13 Jul: USD 1,240.50, GBP 945.14 & EUR 1,066.83 per ounce
12 Jul: USD 1,244.85, GBP 942.10 & EUR 1,065.97 per ounce
11 Jul: USD 1,250.00, GBP 943.63 & EUR 1,068.38 per ounce
10 Jul: USD 1,253.70, GBP 946.17 & EUR 1,069.41 per ounce
09 Jul: USD 1,262.60, GBP 946.95 & EUR 1,072.70 per ounce
06 Jul: USD 1,254.20, GBP 947.55 & EUR 1,071.09 per ounce
Silver Prices (LBMA)
16 Jul: USD 15.81, GBP 11.90 & EUR 13.49 per ounce
13 Jul: USD 15.81, GBP 12.04 & EUR 13.60 per ounce
12 Jul: USD 15.84, GBP 12.00 & EUR 13.58 per ounce
11 Jul: USD 15.92, GBP 12.02 & EUR 13.59 per ounce
10 Jul: USD 15.93, GBP 12.04 & EUR 13.61 per ounce
09 Jul: USD 16.21, GBP 12.15 & EUR 13.76 per ounce
06 Jul: USD 16.00, GBP 12.09 & EUR 13.66 per ounce
http://news.goldseek.com/GoldSeek/1531825200.php
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I wonder what Country has acquired the most debt?…Don’t you think its about time, they paid up?
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