{"id":33443,"date":"2018-04-16T09:19:43","date_gmt":"2018-04-16T14:19:43","guid":{"rendered":"http:\/\/olduvai.ca\/?p=33443"},"modified":"2018-04-16T09:19:43","modified_gmt":"2018-04-16T14:19:43","slug":"global-debt-bubble-hits-new-all-time-high-one-quadrillion-reasons-to-buy-gold","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=33443","title":{"rendered":"Global Debt Bubble Hits New All Time High \u2013 One Quadrillion Reasons To Buy Gold"},"content":{"rendered":"<header>\n<h3 class=\"gc-News-article-title\"><a href=\"https:\/\/news.goldcore.com\/us\/gold-blog\/global-debt-bubble-hits-new-all-time-high-one-quadrillion-reasons-to-buy-gold\/\">Global Debt Bubble Hits New All Time High \u2013 One Quadrillion Reasons To Buy Gold<\/a><\/h3>\n<\/header>\n<div class=\"gc-News-article-text gc-ArticleContent\">\n<p><strong>\u2013 Global debt bubble hits new all time high \u2013 over $237 trillion<br \/>\n<\/strong><strong>\u2013 Global debt increased 10% or $21 tn in 2017 to nearly a quarter quadrillion USD<\/strong><br \/>\n<strong>\u2013 Increase in debt equivalent to United States\u2019 ballooning national debt<\/strong><br \/>\n<strong>\u2013 Global debt up $50 trillion in decade &amp; over 327% of global GDP<\/strong><br \/>\n<strong>\u2013 $750 trillion of bank derivatives means global debt over $1 quadrillion<\/strong><br \/>\n<strong>\u2013 Gold will be \u2018store of value\u2019 in coming economic contraction<br \/>\n\u2013 Global debt is the mother of all bubbles<br \/>\n<\/strong><\/p>\n<p><img decoding=\"async\" class=\"i-amphtml-fill-content i-amphtml-replaced-content\" src=\"https:\/\/news.goldcore.com\/ie\/wp-content\/uploads\/sites\/19\/2018\/04\/237-trillion-record.png?x64374\" \/>Source: Bloomberg<\/p>\n<p>Global debt has now reached over 327% of global GDP, $237 trillion. Prior to the financial crisis it was less that $150 trillion. The amount by which it has surged in just one year is the same amount as the ballooning national debt of the United States.<\/p>\n<p>The response of our leaders, central bankers and financial thinkers to this latest data?<\/p>\n<p>It was good news as it showed that thanks to global growth\u00a0the ratio of\u00a0debt-to-gross domestic product fell for the fifth consecutive quarter. No irony in the fact that the economic growth is entirely funded by debt itself \u2013 adding another shaky layer to the house of cards.<\/p>\n<p>Christine Lagarde said earlier this week:<\/p>\n<blockquote><p><em>The bottom line is that high debt burdens have left governments, companies, and households <strong>more vulnerable<\/strong> to a sudden tightening of financial conditions. This potential shift could prompt market corrections, debt sustainability concerns, and capital flow reversals in emerging markets.<\/em><\/p><\/blockquote>\n<p>A sudden tightening of financial conditions is inevitable. The latest FOMC minutes released yesterday showed that members plan to increase interest rates at a faster rate than previously expected. This was inevitable given the loose monetary policy that central banks have been enjoying for the last decade.<\/p>\n<p>As Jim Rickards <a href=\"https:\/\/dailyreckoning.com\/233-trillion-bomb-set-blow\/\">summarises<\/a>:<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global Debt Bubble Hits New All Time High \u2013 One Quadrillion Reasons To Buy Gold \u2013 Global debt bubble hits new all time high \u2013 over $237 trillion \u2013 Global debt increased 10% or $21 tn in 2017 to nearly a quarter quadrillion USD \u2013 Increase in debt equivalent to United States\u2019 ballooning national debt [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,353,364,374,5613,647],"class_list":["post-33443","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-gdp","tag-global-debt","tag-gold","tag-goldcore","tag-precious-metals"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33443"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33443\/revisions"}],"predecessor-version":[{"id":33444,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/33443\/revisions\/33444"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}