Global Debt Time Bomb Surges To Nearly $250,000,000,000,000 – GoldCore Video
-- Published: Tuesday, 17 July 2018 | Print | Disqus
– 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”
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