The way out for a world economy hooked on debt? More debt.

Bloomberg/Enda Curran

graphic image of scrabble letters spelling out global debt as on gameboard“A decade of easy money has left the world with a record $250 trillion of government, corporate and household debt. That’s almost three times global economic output and equates to about $32,500 for every man, woman and child on earth.”

USAGOLD note:  Nobody knows where this all ends, but there is plenty of opinion floating around out there.  History tells us that there always comes a breaking point and when it comes, it pays to have taken precautions against it.


Repost from 12-2-2019

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.