US Debt
Growing by $1000 billion every 100 days pic.twitter.com/O1UwAch94y
— Willem Middelkoop (@wmiddelkoop) December 26, 2024
On the next advancing cycle in gold towards $2,900, I expect senior gold miners GDX test $48 mark. Gold $3,400, GDX to $65. This is my personal view… pic.twitter.com/kr0MTHUkGo
— Rashad Hajiyev (@hajiyev_rashad) December 26, 2024
Behold the "bidenomics" miracle: a $2TN flood of excess Bill issuance to soak up reverse repo, overstimulate the economy and "win" the election. Oops.
And now that reverse repo is empty, Bills have to be converted to coupons at much higher rates, reserves have to be drained,… pic.twitter.com/GPF0GFEzLC
— zerohedge (@zerohedge) December 26, 2024
#GOLD has broken out of the wedge pattern on the weekly chart, with the ascending broadening wedge formation after the breakout indicating sustained bullish momentum.
Breaking the key level of $2,790 is necessary for further upside. A breakdown from the ascending broadening… pic.twitter.com/HFxmgbv3YL
— Gold Predictors (@GoldPredictors) December 26, 2024
Gold rising above 100DMA in muted trading, despite stronger dollar and higher yields. 50DMA remains key resistance level. pic.twitter.com/zckO5sUzGo
— zerohedge (@zerohedge) December 26, 2024
Everyone says we will just “inflate out of our debt” via QE etc and everything will be fixed.
The problem is we’ve already been doing this already for awhile now.
There comes a point to where inflating out of your debt risks the solvency of your currency. pic.twitter.com/g6xU4hqP6M
— QE Infinity (@StealthQE4) December 26, 2024
The US is now spending close to $4 billion PER DAY on interest expense alone.
Meanwhile, the US Debt-to-GDP ratio just hit 121%, the highest since 2021 and up from ~60% in 2008.
Not even World War 2 saw US Debt-to-GDP rise above 120%.
Since 2020, the US has added $13 TRILLION… https://t.co/IBxsr82SXa
— The Kobeissi Letter (@KobeissiLetter) December 26, 2024
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