In doing so, the increase in debt is significantly more acute than real economic performance.
With more than 200 trillion dollars the "global debt mountain" is higher than ever before.
And the fatal consequence of this is that the "world" appears to have become accustomed to this dramatic situation and is ignoring the telltale upheavals.
I refer to this as an "ostrich strategy"; head stuck in the sand and waiting to see what happens. However, history has shown us that such debt always leads to crisis.
As the result of expansive monetary policy, central banks have indeed managed to stall the collapse. However, without adopting specific reforms and debt reduction by governments, in the short or long-term severe crises cannot be avoided. And they usually emerge unprepared and always at the worst time.
That's why there is an ever increasing demand for gold on a world scale. Prices are on the up and this trend will intensify.