Prepare for Interest Rate Rises and Global Debt Bubble Collapse
The comments above & below is an edited and abridged synopsis of an article by Mark O’Byrne
The Bank of England has raised interest rates for the first time in a decade. Alerts have been coming thick and fast for Britons, warning them to prepare for tough financial times ahead.
How will North America cope if such a correction is headed its way? Aside from the fact that central banks are beginning to increase rates, there are other macro indicators, many of which resonate with the current environment.
O’Byrne discusses: the $217 trillion global debt bubble that is set to pop; global debt woes that are building up to a tidal wave; the clouded judgment of central bankers; and the benefits of moving to safe-haven higher ground (gold) from the coming debt tidal wave.