The global debt binge begins anew
“The world’s debt rose by $3 trillion in the first quarter of 2019 — an almost unprecedented borrowing binge that brought total global debt to $246.5 trillion. High levels of debt put countries in a vulnerable position in the event of a downturn and could endanger the world’s economic recovery, said economists from the Institute of International Finance, which released the study today.”
USAGOLD note: Question – Why is gold up in almost every national currency on the globe? Answer – Because most of the countries in the world are in debt up to their eyeballs and the citizen/investor feels a need to protect his or her hard-earned savings.
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