US Debt Bubble: The Most Predictable Crisis in History? | The Gold Spot
The US economy is on a crash course despite what our fiscal czars might be saying. Under the experimental Modern Monetary Theory (MMT), Americans have sleepwalked into the world’s largest debt crisis.
Politicians lean on this controversial economic model to justify their exorbitant spending and ceaseless printing. Conveniently, none of them will be in office when it comes time to pay the consequences of this rapid debt accumulation.
Currently, the United States national debt stands at $34 trillion, but the Congressional Budget Office (CBO) projects that number to quadruple to $144 trillion by 2053! That averages out to $1 million worth of debt for each American household.
A diverse array of experts, ranging from Fed Chair Jerome Powell to JPMorgan CEO Jamie Dimon, are warning of the incoming consequences of these reckless policies. America’s economic hegemony, the strength of USD, and national security are all at risk.
Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Precious Metals Advisor John Karow and Founder Eric Sepanek reveal the misguided model behind Modern Monetary Theory and why the economic clock is ticking. Watch Now!
READ MORE HERE: https://www.sbcgold.com/blog/us-debt-...
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💵 $34,000,000,000,000 US Debt Visualized: https://www.sbcgold.com/national-debt...
▶️ US Economy Hits 'point of no return' | Gold & Silver Gear Up for Rally | The Gold Spot: • US Economy Hits 'point of no return' ...
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⭐ @sbcgold Precious Metals Advisors in this The Gold Spot video:
👤 John Karow: https://www.sbcgold.com/about/john-ka...
👤 Eric Sepanek
Jump to:
0:00 - Welcome to The Gold Spot
0:13 - MMT: What it is, Why You Should Care
0:58 - US on Unsustainable Fiscal Path
2:59 - US Debt $144T by 2053?!
3:37 - Could the US Dollar Collapse?
5:42 - Get Informed to Stay Protected: Get Free Report
#ModernMonetaryTheory #debtcrisis #debt
#USdebt #nationaldebt #JeromePowell
#JPMorgan #JamieDimon #useconomy #economiccrisis
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