Brien Lundin, the editor of Gold Newsletter, President and CEO of Jefferson Financial, said recently at the New Orleans Investment Conference, which he is responsible for, that over the period of an eight-year term by a President, the Federal debt doubles.
Assuming that's how it plays out this time around, it means the current $20 trillion in debt will soar to $40 trillion in about seven years.
The reality is raising taxes and cutting government spending has no chance of dealing with these growing liabilities.
In the end, it means a significant depreciation of the U.S. dollar, which also means precious metals in general, and gold in particular, are guaranteed to increase, according to Lundin.
Thursday, November 9, 2017
Gold will jump as $20 trillion in U.S. debt doubles within 7 years
Subscribe to:
Post Comments (Atom)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
1 comment:
BE SMART AND BECOME RICH IN LESS THAN 3 DAYS....It all depends on how fast you can be to get the new PROGRAMMED blank ATM card that is capable of hacking into any ATM machine, anywhere in the world. I got to know about this BLANK ATM CARD when I was searching for job online about a month ago.. It has really changed my life for good and now I can say I'm rich and I can never be poor again. The least money I get in a month with it is about $50,000.(fifty thousand USD). Everyday I keep pumping money into my account. Though it is illegal, there is no risk of being caught, because it has been programmed in such a way that it is not traceable, it also has a technique that makes it impossible for the CCTV's to detect you.. For details on how to get yours today,email the hackers on: harrybrownn59@gmail.com Tell your loved ones too, and start to live large. That's the simple testimony of how my life changed for good... Love you all... The email address again is harrybrownn59@gmail.com
Post a Comment