Jeffrey Gundlach, the “Bond King,” has issued a stark warning about America’s financial future. He sees the nation’s growing national debt, now a decades-long trend, as a ticking time bomb. Gundlach predicts a crisis ahead, where the U.S. government may be forced to restructure its debt or devalue the dollar to manage its mounting obligations. The implications are severe—one that could disrupt the global economy.
In another ominous forecast, Pierre Lassonde, a major player in the mining industry, is sounding the alarm on gold. He predicts a major shift in gold pricing power, moving from the West to the East. Countries like China are emerging as the new buyers of gold, reshaping the market and potentially sending gold prices to new heights. These two forecasts signal profound changes in global financial dynamics, each with far-reaching consequences.
The day the Shanghai Gold Exchange surpasses the COMEX in transactions will mark a seismic shift—gold's pricing power will move decisively from the West to the East. That moment is no longer a distant future—it is happening now.
– The legendary Pierre Lassonde
BRICS and… pic.twitter.com/VbMfp2SyiG
— Gold Telegraph ⚡ (@GoldTelegraph_) December 14, 2024
Stagflation sounds fancy, but here’s what it means:
Stuck economy + rising prices.
Gold and silver become lifeboats in this storm. pic.twitter.com/DOXYYva2HW
— GoldSilver HQ (@GoldSilverHQ) December 14, 2024
You can tell from the yearly chart that gold is starting to accelerate. This will culminate in 2-4 years in the final parabolic bubble. $10,000 will be a piece of cake. pic.twitter.com/4nAmakJNHJ
— Gary Savage (@garysavage1) December 14, 2024
US national debt is getting more expensive:
The average interest rate on Treasury debt rose to 3.4% last month, the highest since 2008.
Interest rates on US debt have more than doubled over the last 2 years.
$6.4 trillion of the debt is currently held in Treasury Bills with an… pic.twitter.com/PSuzh3L6hE
— The Kobeissi Letter (@KobeissiLetter) December 14, 2024
The world is broke.
Decades.— Ceres -🦍- Cosmic Chirp (@CosmicChirp) December 14, 2024
US02yr
10% to 12% mortgage rates. pic.twitter.com/LvkXrbFcTM
— The Great Martis (@great_martis) December 14, 2024
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