Debt is modern
In comparison to the gross domestic product, the highest debt ratios can be found in Greece with 180.2 percent, in Italy with 138 percent and in Portugal with 121.2 percent. Cyprus also achieved 107.2 percent and Belgium 104.7 percent. Estonia (9.3 percent), Luxembourg (20.3 percent) and Bulgaria (20.4 percent) have the lowest debt ratios. Germany is in the midfield with 61.2 percent.
Immensely high debts can have an impact on a financial and monetary system. In the worst case, there is the threat of national bankruptcy, and pension and social security systems are at risk. But the situation in Germany is not so bad, insolvency is considered unlikely.
Nevertheless, the fight against national debt also takes its toll on ordinary citizens. The negative interest rate also applies to citizens who do not own any bonds themselves. This is because pension and life insurance policies are required by law to invest part of their money in government securities. Then the interest in life or annuity insurance can fall. Or, as has just happened, banks are canceling expensive premium savings plans for their customers, which still have high interest rates as part of the contract.
Asset protection is therefore called for. Precious metals and companies with gold and silver deposits should not be missing, such as Revival Gold or TerraX Minerals.
Revival Gold - https://www.commodity-tv.net/c/search_adv/?v=299273 - explores and develops its Arnett and adjacent Beartrack gold projects in Idaho. Drill results are encouraging. The company is also pursuing further opportunities to develop projects.
TerraX Minerals - https://www.commodity-tv.net/c/search_adv/?v=299172 - is advancing its Yellowknife City gold project in the Northwest Territories. A mineral resource estimate is expected to be completed in the fourth quarter of 2019. The company has just completed the acquisition of the Gold Matter Corporation and the Mulligan project.
TerraX Minerals' latest corporate information and press releases (https://www.resource-capital.ch/en/companies/terrax-minerals-inc/).
In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the German version of these messages applies.
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