US Debt

Why Billionaires Are Increasing Their Gold Investments Amid Economic Uncertainty

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In its 10th annual Billionaire Ambitions Report for 2024, UBS highlights significant trends in the investment strategies of the world’s wealthiest individuals. Over the past decade, the total wealth of billionaires has skyrocketed by 121%, growing from $788.9 billion in 2015 to $2.4 trillion in 2024. The number of billionaires has similarly increased from 1,757 […]

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Elon Musk Sounds Alarm on America’s Impending Bankruptcy Amidst Skyrocketing National Debt

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Elon Musk, “America is going bankrupt btw.”  Warns of America’s Looming Bankruptcy Due to Its Addiction to Over Spending The issue of America’s rising national debt has caught the attention of Tesla CEO Elon Musk. In a recent post on the social media platform X, Musk issued a stark warning: “America is going bankrupt btw.”

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U.S. Debt Insanity! The Administration’s Neck-Breaking Spending Spree Has No End in Sight!

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The Government is Stacking $1 Trillion of Debt Every 100 Days What is Really Going On? U.S. Dollar Down 40% Since 2000 – Gold Up 700% The current Administration’s Neck-Breaking Spending Spree has no end in sight!   The U.S. national debt has ominously soared and is shattering records with each passing quarter. Since Spring 2023,

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Larry Kudlow: Government Spending and Borrowing Puts Us Squarely on the Road to Bankruptcy

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The new Congressional budget estimates of Joe Biden’s baseline over the next ten years. These numbers are a fiscal fiasco.  Government spending and borrowing put us squarely on the road to bankruptcy. Over the next ten years, Biden’s spending goes from $6 trillion to $10 trillion. His budget deficit goes from $1.7 trillion to $2.6 trillion. 

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Jamie Dimon Says Mounting US Debt Will Eventually Spark a ‘Rebellion’ in Global Markets

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That’s because $7.6 trillion of US government debt is held by foreign entities in countries like Japan and China. Mounting US debt will eventually spark a “rebellion” in markets around the world, JPMorgan CEO said. “It is a cliff. We see the cliff. It’s about 10 years out. We’re going 60 miles an hour,” Dimon

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The Fuse on America’s Debt Bomb Just Got Shorter

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The Treasury is on track to borrow over $3 trillion this fiscal year, 50 percent more than previously estimated by the Congressional Budget Office. Bidenomics, perhaps best defined as the government spending, borrowing, and printing too much money, not only made the bomb larger but also caused inflation, which forced up interest rates. That was the

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Hedge Fund Legend Ray Dalio Warns the US Will Suffer a ‘Debt Crisis’ – and Predicts an Economic Slump

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The billionaire founder of Bridgewater Associates, the world’s largest hedge fund, flagged America’s record $33 trillion of debt as “risky.”  Ray Dalio is worried about America’s borrowing binge and economic growth cooling. The billionaire investor warned of a “debt crisis” and a “meaningful slowing of the economy.” Dalio has previously flagged interest rates, civil unrest,

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Record Global Debt Could Deliver Punishing Blow to Markets This Year

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Easily identifiable domestic threats to portfolios include lingering inflation along with possible future interest rate hikes, a reignition of banking issues, and housing prices that have stretched higher in relation to relative incomes than they did during the 2008-09 financial crisis. Investors have yet to break even from January 2022 and are still realizing losses of

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US Debt Risks a ‘Slow-Motion Collision’ with the Fight Against Inflation, Goldman Sachs Says

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Efforts to bring down inflation could collide with high debt loads, Goldman Sachs warned, highlighting the implications for US debt. That comes as higher rates are already pressuring government balances via increasing interest costs. “This suggests the US and UK are the most obvious candidates for a duration risk premium repricing.” The note said, referring

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