The U.S. government is running a $2 trillion deficit, while gold prices rise, signaling a potential fiscal disaster ahead.

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Daniel Lacalle: An Unprecedented Monetary Destruction Is Coming

“Central banks are already suffering significant losses as a result of the falling value of the bonds they hold on their balance sheets. The European Central Bank, the U.S. Federal Reserve, the Bank of England, the Swiss National Bank, and the Australian central bank all now face possible losses of more than $1 trillion altogether.”​

“If central banks start issuing digital currencies, the level of purchasing power destruction of currencies seen in the past fifty years will be exceedingly small compared with what can occur with unbridled central bank control.”​

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