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US sovereign debt spikes past $31T. Silver, gold sharks smell blood in the water.

Posted by bubah1mau 1 month, 3 weeks ago to Economics
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The Fed is cornered. Every raise in interest rates now adds bigly to Treasury expense to cover higher interest payments on trillions in outstanding bonds. Folks, it's a death spiral.
SOURCE URL: https://www.zerohedge.com/economics/us-national-debt-blows-past-31-trillion


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    Posted by $ jbrenner 1 month, 3 weeks ago
    Silver and gold sharks may smell blood, but gold prices have remained remarkably stable despite the very high inflation. The system is rigged.
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    • Posted by freedomforall 1 month, 3 weeks ago
      Agreed, jb. 👍
      Wall St banksters make more profits from manipulated volatility than from normal free market metals price appreciation
      and controlling that appreciation helps maintain their false narrative.
      The banks have posted hundreds of billions in profits from such metals price manipulation,
      and when they were caught paid a multi-million fine which amounts to less than 1% of
      their illegal profits.
      Its like a bank robber caught after stealing $1 million and being 'punished'
      with a $10 fine, no jail, and given keys to another bank vault.
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    • Posted by jack1776 1 month, 3 weeks ago
      I don’t think they can continue suppressing the value for ever nor do they want to, when the dollar collapses, it has to stop. How do you use something that is worthless to pay for something of value?
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  • Posted by $ Markus_Katabri 1 month, 3 weeks ago
    You can see what’s going to happen in the future by watching 3rd world countries that have their currency pegged to the dollar. SriLanka was first. Haiti just suffered a collapse. Everytime the Fed tries to strengthen the dollar it causes sovereign debt crisis in other economies. Starting from the weakest. The UK and Japan are struggling also because a strong dollar hurts their treasuries.
    This is a death spiral that will cause chaos globally. And ultimately will see the dollar dethroned as the reserve currency of choice. After that......the pain will be felt by us. We will no longer be able to just paper over our budgetary shortfalls.
    By 2030 things will look very different for us. Start acting like it now.
    Hint: Saving MORE fake money will not save you.
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  • Posted by $ Markus_Katabri 1 month, 3 weeks ago
    Expect a Greek Style “Bail-In” by the end of the decade if the “looters and moochers” gain more political power.
    Which they are on track to do. Although not thru any “legitimate” means. There will forever forward be “fortifying” shenanigans in our electoral process. To think otherwise is not objectively considering the evidence.
    IF we “win” the midterms and you think things are “turning around” you just need to ZOOM OUT the graph over the last 40 years to receive your reality check.
    Inflation is a stealth tax on the poor who hold no assets. By pursuing these financial agendas the left has actually hurt the very people they claim to want to help.
    The meme of Oscar the Grouch realizing that after years of voting for Democratic Socialists, he’s still living in a garbage can. Is spot on.
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  • Posted by $ Ben_C 1 month, 3 weeks ago
    And why do you think Bill Gates and the Chinese are buying farm land? Food is more precious than gold / silver. Think Hunger Games.
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    • Posted by jack1776 1 month, 3 weeks ago
      Mr. Bill isn't going to use that land to grow food, he just wants to keep you from buying it and growing your own food. They can't make you eat insects if you're not hungry...
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  • Posted by Misanthropic-Shrugger 1 month, 3 weeks ago
    Gold and silver are crap investments. However, if the dollar implodes (and it will, its only a matter of time) it will be the only thing that you have (other then real property) that will be worth anything. Having some around is a good idea. But INVESTING in it... nope.
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    • Posted by $ Markus_Katabri 1 month, 3 weeks ago
      You’re right Gold and Silver are Crap Investments. The only investment that really matters is good old Dirt. And the Brass and Lead it takes to defend it.
      If that statement weren’t intrinsically true there would be no war.
      At the moment I’d be happier with my wealth in Precious Metals because it’s easier to move than Dirt. It’s all just a store of wealth. Until it goes in your mouth.
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    • Posted by jack1776 1 month, 3 weeks ago
      I agree with you that gold and silver has been a shitty investment. Its price has been suppressed to keep the illusion that our money is worth something. When the dollar collapse happens, they will not need to suppress it any further. Most countries are buying in by the ton right now...
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  • Posted by tutor-turtle 1 month, 3 weeks ago
    The answer is staring you in the face.
    Since 1913 the Corporation known as the UNITED STATES of AMERICA (Act of 1871) has unconstitutionally allowed a foreign banking cabal to illegally and immorally print our currency, at interest, also known as usury. Usury is forbidden in the Holy Bible new & old testaments and the Koran. It is the blunt instrument of Usury that enslaves all of us.
    The Khazarian Mafia (800c.e.) changing family names, moving north, eventually ending up in Germany (today London) posing as jews, run this world on debt. We are no exception.
    If you want to know why Putin is suddenly the bogie man being goaded into WWWIII, look no further than the Central Bank. Two years ago Putin kicked the the Central Bank out of Russia and for the same reasons Jesus kicked the money changers out of the temple. Is it no coincidence that's when Putins troubles really began?
    The same dirty mob that has funded both sides of every war since the Napoleonic Wars, is at it again.
    Trader Joe can't recruit enough canon fodder for the meat grinder in You-Crain. Slow Joe hinted the draft is coming for your sons and daughters. Are you down with that? Just as he said he would end the NordStream2 pipeline. He may be a fraudulent, demented, pedophile grifter being controlled by a hidden hand, but we would be fools not to heed his rantings. It helps to bare-in-mind that Joe is merely the spokeshole for those who installed him and control him. Woodrow Wilson ring any bells Quasimoto?
    I can't tell you how to rid the world of this poison, but rid it we must, or we die from it. A slow agonizing, death.
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