Gold is To Spiral Skyward As Debt Consumes the Planet

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.