dkami
Sergeant
- Messages
- 757
Quote "If you haven’t heard yet, the United States of America just hit $16 trillion in debt yesterday. On a gross, nominal basis, this makes the US, by far, the greatest debtor in the history of the world.
It took the United States government over 200 years to accumulate its first trillion dollars of debt. It took only 286 days to accumulate the most recent trillion dollars of debt. 200 years vs. 286 days. This portends two key points:
1. Anyone who thinks that inflation doesn’t exist is a complete idiot;
2. To say that the trend is unsustainable is a massive understatement.
At an average interest rate of 2.130%, Uncle Sam will shuffle $340 billion out the door just in interest payments this year… and it’s a number that’s only going up. To put it in context, China owns so much US debt that the INTEREST INCOME they receive from the Treasury Department is nearly enough to fund their entire military budget."
Read full story here Some clear thinking on the debt
And if you are thinking hell I'll just buy up physical gold or other metal you might want to read How bankrupt governments will confiscate your gold here How bankrupt governments will confiscate your gold
So if you got a bit of time waiting for your next setup like I currently am waiting for AUD to hit a bottom so I can load up again This is a great site with a lot of articles and may interest you Sovereign Man: Offshore Business, Global Opportunities, Freedom and Expat News
It took the United States government over 200 years to accumulate its first trillion dollars of debt. It took only 286 days to accumulate the most recent trillion dollars of debt. 200 years vs. 286 days. This portends two key points:
1. Anyone who thinks that inflation doesn’t exist is a complete idiot;
2. To say that the trend is unsustainable is a massive understatement.
At an average interest rate of 2.130%, Uncle Sam will shuffle $340 billion out the door just in interest payments this year… and it’s a number that’s only going up. To put it in context, China owns so much US debt that the INTEREST INCOME they receive from the Treasury Department is nearly enough to fund their entire military budget."
Read full story here Some clear thinking on the debt
And if you are thinking hell I'll just buy up physical gold or other metal you might want to read How bankrupt governments will confiscate your gold here How bankrupt governments will confiscate your gold
So if you got a bit of time waiting for your next setup like I currently am waiting for AUD to hit a bottom so I can load up again This is a great site with a lot of articles and may interest you Sovereign Man: Offshore Business, Global Opportunities, Freedom and Expat News