It’s only Thursday and the Treasury has gone to the credit markets for $194 Billion so far this week for short term paper alone. Let’s say they only borrow another $6 Billion tomorrow and end up at 200 Billion. Let’s do the math. 200 Billion times 52 weeks is ……….$10 Trillion 400 Billion Dollars. This coincidentally equals the amount of the current national debt. The current rate of borrowing is obviously unsustainable and most certainly will be curtailed on the supply side. We are in the end game where paper contracts and naked shorts are being levied to crush prices and thus scare those with half a brain out of their metals positions. Please do not be fooled. This is outright panic by the US government trying to save an unsavable system. In the process they have debauched our currency beyond imagination. I wrote yesterday that Argentina was the road map. I was wrong. Argentina was never given this much rope to hang themselves with. The Dollar will be more akin to the Weimar republic or Zimbabwe within a year or so. The music plays on and CNBC just keeps cheerleading the Generals as they lead us off a cliff.
The Failout
Videos

Gold and Silver Chart Analysis January 2023 with Patrick Karim

Gold, Rate Hikes and The Central Bank Illusion?

Top 5 Gold Buyers’ Motives Revealed
Blog posts
China and the US at sovereign debt war
US dollar hegemony has long been a standard feature of the global financial and economic system. But developments in recent years and months (weeks, even) suggests there are more than a handful of countries who are looking to rely less on the US dollar. Instead countries who have long been at the mercy of the […]
What happens if the debt ceiling raises
It’s that time again when the US government has to prepare itself for an internal battle to raise the debt ceiling so it can meet various obligations. This is a merry dance that has been danced before, as we mention below. For sure, every time it happens fewer and fewer people are convinced of the […]
Gold and Silver Chart Analysis January 2023 with Patrick Karim
This week we bring you some silver candlesticks. Sadly not the nice shiny ones your grandmother left you, no these are much more useful. We’re talking about candlesticks on charts and what they can tell us about both the gold and silver price in the coming weeks. Patrick Karim of NorthStarBadCharts.com joined us over on […]
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