Aug. 12 at 6:19 PM
$SLV $GLD $B $JNUG $GDX
"Our economy is no longer based on the consumer" this is what was said today on CNBC today. Ask yourselves how that came to be if we our a 70% consumption based economy ? The real answer is debt issuance, money printing & monetizing our debt is now what literally drives the economy. Also new & newer "methodologies" of inflation data which seems to already be enacted to help give the appearance of "stabilized" inflation
Next month watch as inflation starts to take a nose dive as the new methodologies fools us all. But in the face of this is a 60% increase of US Treasury debt issuance which has already jumped form
$155 billion monthly to
$248 billion monthly & currently only
$165 billion away from tapping
$40 trillion in national debt w/interest costing soon reaching
$105 billion monthly. The BBB begins after the midterms & watch what happens to debt levels so don't be surprised if we surpass
$3.1 trillion covid deficit levels or come right to the nose
