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Global public debt is projected to surpass $100 trillion this year, equating to 93% of global GDP, and could reach nearly 100% by 2030, according to the International Monetary Fund (IMF).
The IMF’s latest report highlights increasing borrowing driven largely by the United States and China, with significant fiscal pressures stemming from demands for green energy, security, and aging populations. Political factors, particularly in the U.S. where both presidential candidates propose tax cuts, may exacerbate the situation, potentially adding trillions to national debt.
The IMF emphasizes the urgent need for governments to implement stringent fiscal measures to stabilize their borrowing, warning that postponing action could lead to larger corrections in the future. The report also notes that existing debt projections may underestimate actual future outcomes by considerable margins.
Countries are advised to confront these debt risks proactively to avoid adverse market reactions and maintain budgetary flexibility. […]
— Read More: valuetainment.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
