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

The comments below are an edited and abridged synopsis of an article by GoldCore

—Global debt time bomb surges to nearly a quarter quadrillion ($250 trillion)

—“The $247 trillion global debt bomb”—Washington Post warns: 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 a debt surge in the areas of consumer/household, business, financial and government

—It’s 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

—A quarter quadrillion in debt does not include massive global pension liabilities and other unfunded liabilities such as the US social security, Medicare and Medicaid

—Another financial crisis is coming, the question is when.