Global Debt on Historic High, China Acquiring Massive Amount of Gold while Warming up to Bitcoin & Crypto
With global and US debt crossing all of their records and global stock markets getting ready for the collapse, China is all set with its contingency plan by acquiring massive amounts of gold and already making their way to Bitcoin, crypto and Blockchain technology.
Global Debt Breaking Records, US Debt Awaiting Disaster
“Blessed are the young, for they shall inherit the national debt.”—Herbert Hoover, U.S. president 1929–1932
The elephant in the room is Debt.
The first time in the history the global debt is at an estimated $245 trillion which is also $100 trillion higher than it was during the recession of 2008. From government, banks, corporates to consumer debt, they all are a fact now.
As for the US debt, it is also on a constant surge. During the Obama administration, the national debt rose $9.3 trillion while the last year saw the rise of about $1,000 billion.
According to reports, the US investment-grade issuance had taken a hit of 34 percent from September while last…
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