Message: Fed Chair Admitted US Heading For a Debt Crisis

February 24, 2019

Ratings agency S&P Global said governments are continuing to run up huge debt levels and will borrow an equivalent of $7.78 trillion this year, which would be up 3.2 percent on 2018.

That will come as another jump in borrowing to take the global mountain of sovereign debt to $50 trillion in 2019.

The rise in the total debt stock to $50 trillion would be a six percent rise on last year having been partly exacerbated by exchange rate swings.


SideNote: I once told a friend back in 2007. The world is heading towards the biggest debt bubble in history, and when it pops, the world will see the biggest Gold bubble in history. It remains to be seen if Joe-Six-Pac will be allowed to participate in buying physical PMs when the financial markets come crashing down. GRIM






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