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Global Debt Time Bomb Surges To Nearly $250,000,000,000,000

Summary:
– Global debt time bomb surges to nearly a ‘Quarter Quadrillion’ (0T) – “The 7 trillion global debt bomb”  Washington Post warn  – Debt surges globally and global debt is up almost 0 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 trillion [embedded content] – 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

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News and Commentary

Gold prices flat as dollar steady ahead of Fed speech (Reuters.com)

Asia Stocks Mixed as Japan Outperforms on Yen Drop (Bloomberg.com)

Traders Exit Gold ETFs as Dollar Leaves Metal `by the Wayside’ (Bloomberg.com)

Empire State Index Falls in July (Investing.com)

Sotheby’s to host first all gold auction after demand surges from Asia and Middle East (Telegraph.co.uk)

Global Debt Time Bomb Surges To Nearly $250,000,000,000,000
Source: Bloomberg

‘Biggest bubble in the history of mankind and it’s going to burst’ – Ron Paul (CNBC.com)

Gold to go lower in short term before going higher – Veteran chartist Yamada (CNBC.om)

How The Trade War Will Hurt The US — And The World (DollarCollapse.com)

No change in BIS intervention in gold in June – Lambourne (Gata.org)

SWOT Analysis: Have We Reached Peak Gold? (GoldSeek.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Global Debt Time Bomb Surges To Nearly $250,000,000,000,000

Gold Prices (LBMA AM)

16 Jul: USD 1,244.90, GBP 938.41 & EUR 1,063.52 per ounce
13 Jul: USD 1,240.50, GBP 945.14 & EUR 1,066.83 per ounce
12 Jul: USD 1,244.85, GBP 942.10 & EUR 1,065.97 per ounce
11 Jul: USD 1,250.00, GBP 943.63 & EUR 1,068.38 per ounce
10 Jul: USD 1,253.70, GBP 946.17 & EUR 1,069.41 per ounce
09 Jul: USD 1,262.60, GBP 946.95 & EUR 1,072.70 per ounce
06 Jul: USD 1,254.20, GBP 947.55 & EUR 1,071.09 per ounce

Silver Prices (LBMA)

16 Jul: USD 15.81, GBP 11.90 & EUR 13.49 per ounce
13 Jul: USD 15.81, GBP 12.04 & EUR 13.60 per ounce
12 Jul: USD 15.84, GBP 12.00 & EUR 13.58 per ounce
11 Jul: USD 15.92, GBP 12.02 & EUR 13.59 per ounce
10 Jul: USD 15.93, GBP 12.04 & EUR 13.61 per ounce
09 Jul: USD 16.21, GBP 12.15 & EUR 13.76 per ounce
06 Jul: USD 16.00, GBP 12.09 & EUR 13.66 per ounce


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