Investors dump dollars, buy gold. USD share hits 25-year low while gold surpasses euro, yen, and pound combined

Institutional investors have rarely ever been this bearish on the US Dollar: US Dollar net exposure by global fund managers is down to -35 points, the lowest in at least 14 years
byu/RobertBartus inEconomyCharts

Congressional Budget Office projects $24 trillion in deficits through 2036

The Congressional Budget Office just released its annual long-term budget outlook. And, as usual, the numbers are grim.

Also as usual, practically no one in Congress is paying attention.

America’s elected representatives are focused on everything else— virtue signaling, trying to keep illegal immigrants in the country, launching lawsuits against government spending cuts, and generally pretending the country isn’t hemorrhaging cash.

The entire institution is ignoring what is easily the most important issue facing the United States.

America’s future debt crisis is no longer a doom and gloom prediction. It’s arithmetic. And the CBO explains it all very clearly.

According to the CBO, the federal government will spend $7.4 trillion this fiscal year 2026… while collecting only $5.6 trillion in revenue. That’s yet another $1.8 trillion deficit this year.

They further project that annual deficits will exceed $3 trillion by the mid-2030s… and that the cumulative deficit over the next decade will reach a combined total of $24.4 trillion. That’s completely insane.