Tag Archives: US debt

We are now starting the hyperinflationary phase in the USA and many other countries as a result of the accelerated fall of the U.S. dollar and this will be reflected in the parabolic rise in the price of gold over the next few years.

The U.S. national debt has soared to over $22 trillion – up $16 trillion since 2000, $11 trillion since 2008, and $2 trillion in the past three years alone - and is expected to rise to $30 trillion by 2030. Should we be worried?

16 point 7 trillion dollars. That is our current national debt. 12 point 8 trillion dollars. That is the amount households carry in mortgage and consumer debt. We are now addicted to debt to lubricate the wheels of our financial system. There is nothing wrong with debt per se, but it is safe to say that too much debt relative to how much revenue is being produced is a sign of economic problems. At the core of our current financial mess is how we use debt as a parachute for any problem. [Unfortunately,] addictions are never easily cured and we have yet to come to terms with our insatiable appetite for debt. Words: 850

Given the hectic lives we lead you may well have missed some excellent articles on the financial plight of the U.S. and recent developments in the economy. Not to worry. Below are introductory paragraphs and links to 5 of the “best-of-the-best” articles on the subject.

The deficits aren't going to stop anytime soon. The debt mountain will keep growing...Obviously, the debt can't keep growing faster than the economy forever, but the people in charge do seem determined to find out just how far they can push things....The only way for the politicians to buy time will be through price inflation, to reduce the real burden of the debt, and whether they admit it or not, inflation is what they will be praying for....[and] the Federal Reserve will hear their prayer. When will the economy reach the wall toward which it is headed? Not soon, I believe, but in the meantime there will be plenty of excitement. [Let me explain what I expect to unfold.] Words: 1833

One of the problems with the debate over the “national debt” is that there’s no generally agreed upon definition of that term. Is it what the federal government owes, or what it owes foreigners, or what the whole country, private and public sector together, owes? Does it include off-balance-sheet items and contingent liabilities? There’s a hundred-trillion dollar gap between lowest and highest on this spectrum, which allows each commentator to confuse the rest of us by picking the measure that best suits their point of view. [Let's try to decipher the true state of the nation.] Words: 1468

The U.S. government is spending more than a trillion dollars more than it takes in every year...[which] all gets into the pockets of ordinary Americans [who,] in turn,...use that money to pay the mortgage, buy food, shop at the mall, etc. - creating a "false prosperity" bubble that is not real. It may feel real to you right now, but it is unsustainable...We are living in the greatest debt bubble the world has ever seen and, as such, a devastating economic collapse is on the horizon no matter what we do [so] don't let this false prosperity and this "calm before the storm" fool you...There is going to be a massive amount of pain so you might want to get yourself and your family prepared for that. [Let me explain.] Words: 1211

Will our National Debt be trillions higher than today in a few years? If you think the answer is yes, than buying physical gold today is a good idea. It’s that simple. Just look at the chart. Words: 140

What are the implications for gold in each of the debt and "default" scenarios possible after August 2nd? [Let's take a look.] Words: 1111

Historically the price of gold rises when there’s an increasing percentage of federal revenues going to pay interest on the national debt and...declines when US interest payments move down as a percentage of federal revenues. [Given what is currently unfolding,]...the forecast for the price of gold is simply up, up and away. [Let me show you in graphic form.] Words: 451