Global Debt Time Bomb Surges To Nearly $250,000,000,000,000 (Video)

Global Debt Time Bomb Surges To Nearly $250,000,000,000,000 Video – Gold Core

“$247 trillion global debt bomb” even Washington Post is warning. Debt surges globally and global debt is up almost $150 trillion in just 15 years. Debt surge appears to be accelerating: Q1,18 alone, global debt rose by a huge $8 trillion. All major countries and every strata of society sees debt surge – consumer/ household, business, financial and government.

sNB to consider the debt surge in context of GDP and since 2003, as a share of the world economy (gross domestic product), the increase went from below 250% of GDP in 2003 to nearly 320% today … first time since Q3 2016 that global debt to GDP increased suggesting that global growth is now slowing while debt increases.

Quarter Quadrillion in debt does not include massive pension liabilities and other unfunded liabilities such as social security, medicare and medicaid. Access and subscribe to this story and more on www.news.goldcore.com


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Mark O'Byrne

I founded GoldCore more than 10 years ago and it has been my passion and a huge part of my life ever since. I strongly believe that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is prudent. I have been an Executive Director in GoldCore since its foundation and today I am Marketing and Research Director. As our customer base grew both domestically and internationally we were receiving a steady stream of requests from our clients and wider public for detailed analysis of the precious metals market. To meet this demand, I stepped into the Research Director’s role and am responsible for helping to inform and educate our clients and followers on how to protect and grow their wealth through owning gold and silver bullion.