The mother of all Debt Bubbles
We are in the midst of the largest debt bubble in history, and there are only 2 ways out. A default and massive economic downturn, or hyperinflating away the currency to pay the enormous debts. US consumers now have the highest levels of debt on record.
Austrian Philharmonic Silver Coin – $18.19
from: Money Metals Exchange
Below are some facts that help put into perspective just how large is the sum of $22.5 trillion:
- In order to pay down our national debt you would have to combine the GDP of China, Japan, and India.
- The United States owes $68,400 per citizen.
- The United States owes $183,000 per taxpayer.
- The United States currently has $125 trillion (yes, trillion) in unfunded liabilities. Can read more on that here
Walking Liberty 1/10 Oz Silver Rounds – $2.13
from: Money Metals Exchange
Yesterday, US airports were hit by a Russian cyberattack. The risk of an attack on our financial sector is very real, putting all digital assets at risk.
We hope you enjoyed the mother of all debt bubbles. please like and share our article and tell us what you think. Worries of the debt being unable to be fixed is leaving investors and traders around the world grasping for silver and gold as a safe haven for their wealth. Major news outlets are even reporting that America is in a recession.
Bloomberg Economics projects a 100% chance of a US recession over the next 12-months.
— Watcher.Guru (@WatcherGuru) October 17, 2022
With economic problems arising on the global stage let’s see if silver and gold prices diverge over the next few months