Dec. 19 at 6:21 PM
$JNUG $GLD $SLV $GDX $B
Debt vs GDP "growth" since 2017 (what a cOiNdEnCe)
National debt: From about
$20 T →
$38 T+
From about
$19.6 T → ~
$30.6 T
Shows that while the economy (GDP) has grown significantly, debt has grown even faster in absolute dollar terms over the same period. Do we understand what this is telling us?
printing money & buying your own debt changes the game but still the govt is essentially spending
$10M to make
$1M
This kind of financial structure allows the wealthy to grow their wealth as the act of printing money simply grows the assets value as the value of the dollars diminishes
When a central bank encounters a combination of 1) really high sovereign debt-to-GDP & 2) significant inflation from a commodity capex undersupply cycle, it's basically checkmate.
Checkmate in this context means they print into an inflation cycle, rather than tighten into it. & surprise, surprise, we are there NOW, but try not to spread the word because we are in the golden age
