Global Debt Time Bomb Surges To Nearly $250,000,000,000,000 – GoldCore Video

July 17, 2018

Global debt time bomb surges to nearly a ‘Quarter Quadrillion’ ($250T)
– “The $247 trillion global debt bomb”  Washington Post warn 

Debt surges globally and global debt is up almost $150 trillion in just 15 years according to analysis by the Institute of International Finance
– Debt expansion appears to be accelerating and in Q1,2018 alone, global debt surged by another $8 trillion

– After falling marginally in recent years, global debt to GDP increased in Q1, 2018 and global growth is now slowing while global debt increases
–  All major countries and  every strata of society sees debt surge and massive consumer/ household, business, financial and government
– Important to consider the debt surge in context of GDP and since 2003, as a share of the world economy (GDP), the increase went from below 250% of GDP in 2003 to nearly 320% today
– Quarter Quadrillion in debt does not include massive global pension liabilities and other unfunded liabilities such as the U.S. social security, medicare and medicaid
– “Another financial crisis is coming, the question is when”


Mark O'Byrne is executive and research director of which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.