Japan is a disaster: astronomical debt and zero interest rates. They may not survive in the current system.
Europe: Spain, Portugal, Italy, Greece, France, the UK are all virtually bankrupt economies.
USA: The biggest debtor in the world and can never repay its debt. The Fed’s balance sheet has gone from $800 billion in 2008 when the crisis started, to $3.2 trillion now. The Fed’s balance sheet is growing exponentially. They are now buying 75% of all new Treasury issuances. The purchases may go to 100%.
Globally: Liquidity injections (since 2008) are roughly $20 trillion with no effect whatsoever on the real economy. These injections have only helped banks and created bubbles in stocks, bonds, and property markets. Total world debt (excluding unfunded liabilities) is about $250 trillion with at least 1/3 is possibly bad debt, roughly equivalent to the world GDP ($70 Trillion).
Can the world repay $70 trillion of bad debt with real money?
Global Derivatives: more than one quadrillion dollars, much is worthless.
The month of May: 15 central banks lowered interest rates thus competing to debase their currencies. James Rickards wrote on this in his book “Currency Wars: The Making of the Next Global Crisis”.
Collapsing currencies worldwide will bring forth hyperinflation.
Gold will ultimately respond and maintain its purchasing power. Relative to paper money, the gold price is likely to have several zeros after it in coming years.
The Physical Gold Market. The LBMA (London Bullion Market Association) reported record gold transactions in April, of +25%, the highest level since gold peaked in September of 2011. Physical trading is at the same level where it was when gold was at its peak at $1,900.
And this is just a simple review.