Schiff on World Affairs in Context: America’s Debt Bomb is Ticking - SchiffGold.com
Schiff on World Affairs in Context: America’s Debt Bomb is Ticking - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
The U.S. has been bombing Iran for eight months, the Strait of Hormuz is functionally closed, and oil supply has dropped 6%. Gold has fallen 21% from its January peak. Either markets believe the Fed will crush inflation without triggering a debt crisis, or they're pricing in a resolution that hasn't materialised. The deficit is already $1.4 trillion through June — rising rates don't make that arithmetic easier.