RSS SubscribeThe US Is Living on Borrowed Time
By Matthew Piepenburg – Von Greyerez Gold
The US is now in an open and obvious debt spiral.
Uncle Sam’s embarrassing bar tab of debt is now racing at a rate that far exceeds his GDP, pushing the deficit to GDP ratio toward 8% and higher–ratios we’ve never seen except during the GFC of 2008 and the “COVID” (i.e., hidden bond) crisis of 2020.
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