There is more than one way for the U.S. to default. Gold may be the last refuge when banks and investors decide that Treasury debt is anything but “risk free.”
"Gold...which I’ve recommended...people consider giving some respect to as a safe haven, has also breached a critical sentiment barrier by hitting $2,000."
As expectations build for the Fed to throw in the towel on its inflation fight, there’s a good chance the ceiling on precious metals prices will soon be lifted.
If you listen to those who only go by GDP and jobs, then the economy is strong, but by many other ways of viewing the economy, it is weak and cracking all over the place.
The Big Bond Bubble is bursting rapidly now, and it's taking everything down with it, thanks to Fed inflation forcing the demolition of all Fed recoveries at the same time.
Grow a garden or raise chickens. Be as self-sufficient as possible so that you don’t have to rely on your local government food dispensary when things get really bad.
