US Debt Hits $39.7 Trillion: Bitcoin and Gold Debasement Trade Faces FOMC Test - Tech Times
US Debt Hits $39.7 Trillion: Bitcoin and Gold Debasement Trade Faces FOMC Test - Tech Times
Source: Tech Times
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DW NOTE
The US ran a $1.8 trillion deficit last year while claiming inflation is under control. Core PPI at 3.65% says production costs are rising faster than the Fed's target — someone's absorbing that, and it isn't the Treasury. Gold's 23.5% retreat from January doesn't mean the debasement trade is over; it means it paused while everyone waited to see if Powell would blink first.