26/07/17

The Mother of All Bubbles



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The Mother of All Bubbles
// Silver For The People

schiffgold.com /  BY SCHIFFGOLD / JULY 26, 2017

We live in a world full of bubbles just waiting to pop.

We have reported extensively on the stock market bubble, the student loan bubble, and the auto bubble. We even told you about a shoe bubble. But there is one bubble that is bigger and potentially more threatening than any of these.

The massive debt bubble.

In a recent piece published by Business Insider, US Global Investors CEO Frank Holmes calls it "the mother of all bubbles."

According to the Institute of International Finance (IIF), global debt levels reached a staggering $217 trillion in the first quarter of 2017. That represents 327%  of global GDP. To put that into perspective, before the 2008 meltdown, global debt was a mere $150 trillion.

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