The world’s economies added an obscene amount of debt last year just to keep the entire system from imploding. Actually, the amount of debt that the world added last year accounted for nearly a third of global GDP. Just think about that for a minute. Without the massive debt increase, global GDP would have…
While the government agencies and economists continue to publish strong GDP figures, they seem to overlook how much debt it took to produce that growth. Or should I say, the “supposed growth.” The days of adding one dollar of debt to get one dollar of GDP growth have been long…
Some nasty dark clouds are forming on the financial horizon as total world debt is increasing nearly three times as fast as total global wealth. Also, the percentage of world gold investment to global world assets is much higher than we realize.