Warning: The US government will default on its debt within the next 10-50 years!
BTC
$67,703.23
-0.61%
PAXG
$2,328
-0.47%
The US must pay 2.5% of GDP in interest on loans with a total debt of $34 trillion. Every citizen in America has a debt of $100,000 and a debt of $266,000 per taxpayer. The US was hit hard by a 5% increase in interest rates.
US debt-to-GDP ratio is 122%
In 10-50 years, the United States will not be able to borrow money globally.
In 10-50 years the dollar will be a worthless currency. It will lose its value in commerce. The dollar will lose its reserve currency status.
America continues to borrow money and continuously runs deficits every year. This cannot last.
If you want to#shortstates and central banks buy
Gold annually returns 8% and over the past 30 years has never dropped more than 33% in a cycle. Gold only has 2% inflation.
Gold always recovers and comes back stronger
Gold is purchased by central banks as a hedge against inflation and global debt. Gold is used in jewelry. Gold is purchased by private consumers. Gold is used in electronics. Gold will always be in global demand.
Once this debt bubble bursts and America goes bankrupt, you will want to own#BTCand gold!
There is no reason to be optimistic about the US or world economy. It's not in good condition.
Britain, Japan and the US will soon default. They are borrowing at a deficit.
