May. 31 at 7:03 PM
$GLD $B $SLV $GDX $JNUG
The govt is heading toward a situation where its credit card bill, retirement promises, healthcare obligations, & debt interest COST MORE than it brings in from taxes. Every year it will need to borrow more money just to cover the difference. The longer that continues, the bigger the debt gets & the more interest it has to pay, creating a cycle that's hard to break. The real debate is whether future leaders will raise taxes, cut benefits, reduce spending elsewhere, grow the economy faster, or simply keep borrowing.
But I think most of us know what the plan is here & that's "figure it out once we get there" which means there is no plan at all. Next year the US military budget could increase to
$1.5 trillion, a 50% increase in SPENDING.
Get ready this inflation/stagflation will end up crushing many households & its already begun in the restaurant & small businesses
