{"id":50262,"date":"2019-12-22T10:45:44","date_gmt":"2019-12-22T15:45:44","guid":{"rendered":"https:\/\/olduvai.ca\/?p=50262"},"modified":"2019-12-22T10:45:53","modified_gmt":"2019-12-22T15:45:53","slug":"the-global-debt-ticking-time-bomb-the-reason-to-own-gold-silver","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=50262","title":{"rendered":"THE GLOBAL DEBT TICKING TIME-BOMB: The Reason To Own Gold &#038; Silver"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/srsroccoreport.com\/the-global-debt-ticking-time-bomb-the-reason-to-own-gold-silver\/\">THE GLOBAL DEBT TICKING TIME-BOMB: The Reason To Own Gold &amp; Silver<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As Global Debt reached a new record high of $250 trillion this year, gold and silver came briefly back on the radar for investors.&nbsp; After five long years, the precious metals finally broke through key technical levels this summer.&nbsp; However, after the Fed started the Repo Operations in September and the $60 billion a month of \u201cNot-QE\u201d in October, the focus returned once again to the Bloated Stock and Bond markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What a drastic change from the Fed\u2019s policy last year when it was reducing the size of its balance sheet until the stock market crashed in December 2018.&nbsp; Since then, the huge stock market reversal and all the additional gains have been Fed liquidity induced.&nbsp; Sven Heinrich continues to write and talk about this on his website, the Northmantrader.com.&nbsp; Here is a recent chart from his article,&nbsp;<a href=\"https:\/\/northmantrader.com\/2019\/12\/15\/system-failure\/\" target=\"_blank\" rel=\"noreferrer noopener\"><em><strong>System Failure<\/strong><\/em><\/a>:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/d39ua1j16brbz0.cloudfront.net\/wp-content\/uploads\/2019\/12\/NASDAQ-Powell-Repo-QE-Northmantrader.png\" alt=\"\" class=\"wp-image-21175\"\/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">At the bottom left hand of the chart corresponds to the bottom of the stock market in January 2019 when Fed Chairman Powell caved in by ending the reduction of the Fed\u2019s balance sheet.&nbsp; Since then, there have been three rate cuts, Repo Magic and $60 billion a month of U.S. Treasury purchases because there aren\u2019t enough suckers to absorb all the new U.S. Govt issued debt.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The U.S. economy isn\u2019t even in a recession, and the Fed is acting as if it was 2008-2009 all over again.\u00a0<\/strong>\u00a0What happens when the U.S. economy finally rolls over??\u00a0 It\u2019s going to be terrible news, especially considering the record amount of global debt.\u00a0 According to the IIF, the\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.iif.com\/Research\/Capital-Flows-and-Debt\/Global-Debt-Monitor\" target=\"_blank\">Institute of International Finance, global debt reached a record high of $250 trillion<\/a>\u00a0in the first half of the year.\u00a0 However, the IIF estimates that global debt will reach $255 trillion by yearend.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE GLOBAL DEBT TICKING TIME-BOMB: The Reason To Own Gold &amp; Silver As Global Debt reached a new record high of $250 trillion this year, gold and silver came briefly back on the radar for investors.&nbsp; After five long years, the precious metals finally broke through key technical levels this summer.&nbsp; However, after the Fed [&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":[364,374,730,28743,3650],"class_list":["post-50262","post","type-post","status-publish","format-standard","hentry","category-economics","tag-global-debt","tag-gold","tag-silver","tag-sven-heinrich","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50262","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=50262"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50262\/revisions"}],"predecessor-version":[{"id":50263,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50262\/revisions\/50263"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}