U.S. Debt Nears $35 Trillion! Stagflation Ahead? | The Gold Spot

Опубликовано: 26 Июль 2024
на канале: Scottsdale Bullion & Coin

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The US is hurtling towards a full-blow national debt crisis, with the total debt fast approaching a staggering $35 trillion. The rapid accumulation of debt is alarming economists and financial experts.

The specter of the 1970s economic turmoil looms large, with warnings of potential #stagflation – a toxic mix of high #inflation, high interest rates, and stagnant economic growth. Major voices in the financial world are sounding alarms about the "most predictable crisis" in American history.

Globally, the ramifications of this debt are profound. #China and the #BRICS nations are moving away from the #USdollar in favor of #gold, accelerating a trend of #dedollarization. This shift reflects a growing lack of confidence in the US economy's stability.

Amidst this economic uncertainty, #goldprices have soared in response to increased demand. As the US approaches a contentious election season, concerns about reckless government spending persist, regardless of which party holds power.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Precious Metals Advisors John Karow and Tim Murphy discuss the impending debt crisis, its global implications, and why investors should consider getting into gold before it's too late.

READ MORE HERE: https://www.sbcgold.com/blog/us-debt-...

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⭐ @sbcgold Precious Metals Advisors in this The Gold Spot video:

👤 John Karow: https://www.sbcgold.com/about/john-ka...

👤 Tim Murphy: https://www.sbcgold.com/about/tim-mur...