{"id":37573,"date":"2018-09-10T06:16:27","date_gmt":"2018-09-10T11:16:27","guid":{"rendered":"http:\/\/olduvai.ca\/?p=37573"},"modified":"2018-09-10T06:16:27","modified_gmt":"2018-09-10T11:16:27","slug":"global-economic-warning-a-day-of-reckoning-is-coming","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=37573","title":{"rendered":"Global Economic Warning: \u201cA Day Of Reckoning Is Coming\u201d"},"content":{"rendered":"

Global Economic Warning: \u201cA Day Of Reckoning Is Coming\u201d<\/a><\/h3>\n
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The world is awash in debt \u2013 some $233 Trillion is currently outstanding on a global scale. And though stock markets have seen unprecedented growth in recent years, cracks have started to appear. Just this week analysts at Goldman Sachs warned that a crash is coming, a sentiment echoed by JP Morgan Chase, which recently said<\/strong><\/a> that the next economic collapse could very realistically lead to social unrest and chaos on the streets of America that has \u201cnot been seen in half a century.\u201d<\/p>\n

Patrick Donnelly, a director at Harvest Gold Corp<\/a><\/strong>, suggests that it won\u2019t be long now. In an interview with SGT Report<\/a><\/strong> Donnelly warns that the day of reckoning is rapidly approaching:<\/p>\n

Countries like Greece are teetering\u2026 and that\u2019s just a tiny little country\u2026 it\u2019s going to take them 75 years to climb out of their debt\u2026<\/strong><\/p>\n

You look at a country like Canada, the United States or China\u2026 the amount of debt is just staggering\u2026<\/strong><\/p>\n

\u2026For these tech stocks, the valuations we\u2019ve seen\u2026 the multiples they trade at are ridiculous.\u00a0<\/strong><\/p>\n

The markets are supposed to be rational\u2026 but the markets are totally irrational.\u00a0<\/strong><\/p>\n

It\u2019s frightening\u2026 there\u2019s going to be a day of reckoning\u2026<\/strong><\/p><\/blockquote>\n

Watch Full interview:<\/p>\n