As West, Debt & Stocks Implode, East Gold & Oil Will Explode
As Rogoff said: “We were very fortunate that we didn’t have a global systemic event in 2022, and we can count our blessings for that, but rates are still going higher and the risk keeps rising.” But lurking in the murkiness is also the global financial assets/liabilities which is almost $500 trillion including the shadow banking system at 46% of the total. The shadow banking sector includes pension funds, hedge funds and other financial institutions which are largely unregulated. Read more…
http://goldswitzerland.com/
Source: https://goldswitzerland.com/as-west-debt-stocks-implode-east-gold-oil-will-explode/
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