Former Speaker Kevin McCarthy did a deal with Biden to suspend the debt ceiling entirely until 2025. So there is no debt limit now.
That is one of the reasons he was removed as Speaker. Conservatives felt that was crazy to allow Biden to borrow unlimited amounts of money for 18…
— Wall Street Mav (@WallStreetMav) October 11, 2023
Global Central Banks Have Been Buying Record Amounts of Gold to De-dollarize
Central banks globally are buying gold in record amounts to diversify from the dollar. State Street Global Advisors reports that these purchases reached 387 metric tons in the first half of 2023 alone, after an unprecedented 1,083 tons the prior year. This shift is partly attributed to the de-dollarization movement, led by nations like China and Russia, aiming to lessen the dollar’s dominance in global trade. This move is also a response to the U.S. using the dollar’s supremacy to enforce economic sanctions. The trend is anticipated to persist due to ongoing economic and geopolitical risks.
US debt will become unsustainable and trigger default in about 20 years, if it stays on current path, per BI.
— unusual_whales (@unusual_whales) October 11, 2023
🔴 FED'S WALLER: THE FISCAL SITUATION JUST ISN'T SUSTAINABLE.
— FinancialJuice (@financialjuice) October 11, 2023
As if debt/GDP ratio of Italy & Co wasn’t concerning enough, on top of it there is EU bonds issuance. Nothing is more permanent than a temporary government solution. pic.twitter.com/ddtoZLfKf3
— Michael A. Arouet (@MichaelAArouet) October 12, 2023
The Iraqi Prime Minister said the country is ready to join BRICS if it receives an invitation from the founding countries.
Add another country to the list.
We learned last week that Iraq will ban cash withdrawals and transactions in U.S. dollars as of Jan. 1, 2024.
— Gold Telegraph ⚡ (@GoldTelegraph_) October 11, 2023