Cracks Form in the US Economy | The Gold Spot

The US economy is cracking under the mounting pressure of higher inflation and increasing consumer prices. The August CPI report from the Federal Reserve confirms the reversal of a year-long downward trend for inflation.

At the same time, experts are warning of oil prices potentially reaching $100 per barrel as Saudi Arabia and Russia drastically reduce production and sales. This massive hike would have a devastating impact on the economy, increasing living costs across the board.

The Fed is already talking about the potential of “meaningfully higher” interest rates to combat this new spate of inflation. J.P. Morgan CEO warns of 7% interest rates amidst what he describes as a “sugar high” from government stimulus spending. The increasing economic burden is reflected in record-setting national debt and credit card debt, widespread union strikes, and a surge in Americans living paycheck to paycheck.

Smart money investors aren’t taking any chances when it comes to their financial security. They’re turning to gold and other precious metals to protect against increasing inflation and economic uncertainty.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Founder Eric Sepanek and Precious Metals Advisor Joe Elkjer explain the building economic pressure and how investors can stay informed and protected.

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💵 Modern Monetary Theory Report: https://www.sbcgold.com/free-mmt-report/?utm_source=rumble&utm_medium=video&utm_campaign=gspot_rmbl

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📉 The Currency Collapses report can be requested here: https://www.sbcgold.com/blog/cracks-form-in-the-us-economy-as-inflation-reverses-oil-prices-jump/?utm_source=rumble&utm_medium=video&utm_campaign=gspot_rmbl