With quickly rising debt levels in the U.S., dollar stability and America’s economy are facing an “existential threat,” warned Dr. Judy Shelton, Senior Fellow at Independent Institute and former economic advisor to President Donald Trump. She added that it is time to get back to sound money, and one historically proven option is linking gold […]
(Kitco News) – Fresh off his recent forays into the Treasury Department’s payment systems, tech billionaire Elon Musk is now gearing up to conduct an in-person audit of the United States’ gold reserves at Fort Knox on behalf of the Department of Government Efficiency (DOGE). Musk announced his intentions on Monday afternoon through a pair of
US Treasury Secretary Scott Bessent said the Trump administration is considering currency manipulation – Stefani Reynolds/Bloomberg The pound has risen to its highest value this year as the US Treasury said the Trump administration is considering currency manipulation as a potential trade bargaining chip. Scott Bessent, the US Treasury Secretary, said America’s trade policy would
Pound jumps as Trump considers currency manipulation Read More »
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
Why Billionaires Are Increasing Their Gold Investments Amid Economic Uncertainty Read More »
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.”
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,
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.
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
Jamie Dimon Says Mounting US Debt Will Eventually Spark a ‘Rebellion’ in Global Markets Read More »
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Protected: US National Debt Tops $34T for First Time in History Read More »
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
The Fuse on America’s Debt Bomb Just Got Shorter Read More »
