In 2024 so far, Uncle Sam paid over $956.3 billion in interest, over 23% of taxes collected. The only spending category bigger than interest on the debt is Social Security.
If you are concerned that the U.S. could pull the "dollar rug" out from under you, why not pull out from the dollar system first? Gold is the perfect reserve asset.
Here are just three recent examples of how the “deep state” or the permanent government is conspiring to restrict political dialogue in the United States.
The high-security gold and silver storage compound cost $28 million to construct, can hold upwards of $100 billion in gold and silver, and can be further expanded to 60,000 square feet.
In a world of resource depletion, gold exploration companies must find new deposits to meet the growing production needs required to keep up with current gold demand, which outpaces supply.
A longstanding obscure statute lets the Treasury mint platinum coins of any value, boosting the U.S. money supply without addressing national debt or needing Congress's approval.
Given what is happening in the gold market more generally, it appears reasonable to assume that the Federal Reserve is the BIS' customer for the swaps transactions.
July was exhausting for news hounds. I can’t remember a month like it, with every day bringing new shockers. Now August is taking it all to another level as we get blasted with unexpected economic data and huge market moves.
