Central banks & governments have clearly made the choice to paper-over their debts instead of facing their fiscal problems head-on. This action will guarantee printing presses world-wide, to run non-stop. Global debt is already at $1.5 quadrillion dollars. Gold and silver are poised to shoot to the moon.

Globally, politicians and central bankers are taking the path of least resistance, choosing to paper-over national debts thus assuring the creation of a world-wide debt bubble of biblical proportions. The world is simply drowning in its own debt. Spain’s bond rates went back above 7.5 percent. Currently global debt totals about $150 trillion, however once you add the dependencies from governments such as various liabilities, both funded and unfunded along with pension funds you can crank this figure upwards to $500 trillion.

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