Global Debt Time Bomb Surges To Nearly $250,000,000,000,000 – GoldCore Video
By: GoldCore
GoldSeek.com
Tuesday, 17 July 2018
– Global debt time bomb surges to nearly a ‘Quarter Quadrillion’ ($250T)
– “The $247 trillion global debt bomb” Washington Post warn
– Debt surges globally and global debt is up almost $150 trillion in just 15 years according to analysis by the Institute of International Finance
– 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”
