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Heavy Burden Weighs on Markets

By: 
John Aidan Byrne
Source: 
New York Post
March 21, 2015

The grand experiment of central banks to borrow their way to growth may be headed for implosion.

The record expansion in debt across the globe — a stunning $57 trillion since 2007, when the financial crisis erupted — is shattering market confidence and choking prosperity at home as the Fed threatens higher interest rates and Europe engages in its own round of quantitative easing, according to many Wall Street analysts.

“The debts grow larger and larger because of our ability to postpone the consequences — and we are rapidly approaching the crisis that will dwarf the crisis in 2007 and 2008,” said market pundit Peter Schiff, CEO at Euro Pacific Capital.

“The only way we are able to stay ahead is by reducing interest rates and by having the Federal Reserve monetize debt,” he added

And with talk of raising rates at the Fed, the losers are already piling up.

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Investing in foreign securities involves risks, such as currency fluctuation, political risk, economic changes, and market risks. Precious metals and commodities in general are volatile, speculative, and high-risk investments. As with all investments, an investor should carefully consider his investment objectives and risk tolerance as well as any fees and/or expenses associated with such an investment before investing. International investing may not be suitable for all investors.

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