The Piper is Calling: A Sea of Debt, a World of Problems

Economic Disaster After Economic Disaster Has Taken Its Toll

The dot com boom and bust, the housing collapse of 2008 and now the economic ruin caused by the COVID-19 lockdowns have all systematically chipped away and destroyed the foundation of many economies across the world.

Chart source, goldprice.org

Are the COVID-19 Bailouts the Icing on the Cake?

The latest bailouts that occurred in every established country around the world, in response to the COVID-19 pandemic, is truly the icing on the cake.

Chart source, statista.com

In Conclusion

The world is now truly awash in debt, with many countries finding their debt to GDP ratios at unsustainable, non recoverable levels.

Chart source, visualcapitalist.com

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Nathan McDonald

Nathan McDonald

Financial journalist with over 10 years of experience. Writing about geopolitics, economics and all things related to precious metals.