Silver as an investment

Category Archives: "US debt"

SHTFplan: Dollar Crash Imminent: China And Japan Dump U.S. Treasuries

Prepare yourself. Buy physical silver and storable food. The two main holders of United States Treasuries, the countries of China and Japan, have dumped the dollar. Both nations have dramatically cut their ownership of notes and bonds in August, according to the latest figures from the US Treasury Department, released on Tuesday. It appears that […]

The US Government Lost More Money Last Year Than the Entire Australian Economy Produced

The annual financial report showed that the United States government lost over $1 trillion last year, which is more money than the entire Australian economy produces. That huge sum of money constitutes the size of the entire Australian economy; it amounts to a loss of more than $2.2 million per minute. Despite that, the report […]

How Fed Rate Hikes Impact US Debt Slaves

wolfstreet.com / by Wolf Richter / Dec 11, 2017 But savers are still getting shafted. Outstanding “revolving credit” owed by consumers – such as bank-issued and private-label credit cards – jumped 6.1% year-over-year to $977 billion in the third quarter, according to the Fed’s Board of Governors. When the holiday shopping season is over, it will exceed $1 trillion. […]

CBO Scores Trump Budget Shrinking US Deficit By Half By 2027

zerohedge.com / by Tyler Durden / Jul 13, 2017 11:30 AM There’s good news.. and bad news. CBO has just released its ‘score’ of President Trump’s proposed budget, noting that the plan would shrink the deficit by a half from their baseline by 2017 (good news). However, even accepting Trump’s dynamic scoring and 5% growth expectations, CBO is unable to balance the […]

The Timetable for an Exploding US Debt Bomb

financialsense.com / FS Staff / 06/13/2017 US national debt currently stands at $19.9 trillion and, at the rate it’s going, is set to surpass $20 trillion in 2017. Gary Shilling, publisher of the must-read Insight newsletter, said this is not a problem until we either see “a tremendous amount of inflation or a complete breakdown in confidence in […]

US Debt of $20 Trillion Visualized In Stacks Of Physical Cash

zerohedge.com / by Tyler Durden / Mar 24, 2017 8:40 PM The faith and value of the US Dollar rests on the Government’s ability to repay its debt. $20,000,000,000,000 is a number so large that it is beyond comprehension for most. And so here it is stacks of dollar bills… Just remember “the money in the video has […]

Trump Will Grow US Debt Exponentially

goldswitzerland.com / By Egon von Greyerz / November 18, 2016 There is a total misunderstanding of the role of gold and why it is so critical to own physical gold. Gold should not be bought or sold based on rumours or events. In connection with the US election, gold moved for totally the wrong reasons. The whole […]

While media obsesses over Pu**ygate, US debt soars to $19.7 trillion

sovereignman.com / Simon Black / October 13, 2016 First of all, I want to say thanks for all the well-wishes. I’ve been flat on my back for the past several days with a particularly nasty case of the flu that I likely contracted en route to Los Angeles last week. Picking up the occasional bug is one of […]

News Flash: China and Russia Continue to Add to Gold Reserves

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. schiffgold.com / BY SAMUEL BRYAN / MAY 25, 2016 Last week we reported that central banks were jettisoning US debt and buying gold. Figures released by the IMF this week indicate central bank gold hoarding has not abated. Russia and China both extended […]

Ex-GAO Head: US Debt is Three Times More Than You Think

davidstockmanscontracorner.com / By Bradford Richardson at The Hill / November 9, 2015 The former U.S. comptroller general says the real U.S. debt is closer to about $65 trillion than the oft-cited figure of $18 trillion. Dave Walker, who headed the Government Accountability Office (GAO) under Presidents Bill Clinton and George W. Bush, said when you add up […]