Premium Only Content

U.S. Debt Crisis: How We Got Here & Why "Something is Going to Break" | The Gold Spot
The long-standing issue of US debt has been thrust into American consciousness and onto the global stage following staggering pandemic-era spending. Fiscal leaders, domestic and abroad, warn that we're on an unsustainable fiscal path.
The Federal Reserve is the sole source of debt creation, as every dollar it prints is technically borrowed. Unfortunately, even our fiscal czars fail to understand the intricacies of our monetary system, as revealed by a viral gaffe from a top Biden economic advisor. ( Watch here 👉 https://youtu.be/1Fj0zRmEWYc )
The scourge of Modern Monetary Theory put the country on the fast track toward a seemingly inevitable debt crisis or currency crisis. The staggering US debt is attracting rising annual interest payments to the tune of $1 trillion, further straining an already beleaguered budget.
Unfortunately, the fiscal mismanagement is trickling down to impact everyday Americans. Credit card debt is at its highest levels while savings accounts dwindle.
In this week’s The Gold Spot, Scottsdale Bullion & Coin Sr. Precious Metals Advisor Damian White and Precious Metals Advisor Todd Graf explore how we arrived at this debt bubble, how federal debt affects individuals, and how gold is a solution.
⭐ RELATED LINKS:
▶️ US Debt Bubble: The Most Predictable Crisis in History?: https://www.sbcgold.com/blog/us-debt-bubble-the-most-predictable-crisis-in-history/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_05082024
📈 $34 Trillion Visualized: https://www.sbcgold.com/national-debt/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_05082024
📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_05082024
🪙 Get Gold and Silver Coin Prices:
https://www.sbcgold.com/buy-gold-and-silver/coins/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_05082024
👉 Get Gold Bullion Bar Prices:
- https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_05082024
⭐ @sbcgold Precious Metals Advisors in this The Gold Spot video:
👤 Damian White: https://www.sbcgold.com/about/damian-white/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_05082024
👤 Todd Graf: https://www.sbcgold.com/about/todd-graf/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_05082024
-
6:25
Scottsdale Bullion & Coin
9 days agoAvoid THESE Costly Mistakes When Buying Gold Coins | The Gold Spot
371 -
1:34:50
Russell Brand
4 hours agoThe Voice of the People — or a Threat to Democracy? - SF617
113K17 -
30:10
Michael Franzese
2 hours agoThe Dark Truth Behind Epstein - Biggest Cover Up of 21st Century
14.8K5 -
1:56:41
Nikko Ortiz
3 hours agoLive - Military Fails
51.6K4 -
1:09:04
Sean Unpaved
2 hours agoNo Pay, No Play! Chris Paul's Homecoming: Is $25/Hour Fair?
15.7K -
27:51
Chris Harden
2 days agoIndiana's Forgotten Capital City
4.42K -
29:29
sewgarage
1 day agoWill it deploy after upholstery? Process and test
5.13K -
1:23:00
MTNTOUGH Podcast w/ Dustin Diefenderfer
4 hours agoByron Owen: From Force Recon to Pentagon Leadership - Evolving Mental Toughness | MTNPOD #125
5.37K2 -
1:06:36
Timcast
3 hours agoTrump DECLARES WAR Over Obama "TREASON," Arrests Imminent, ITS A COUP
143K127 -
1:21:46
Simply Bitcoin
3 hours ago $1.78 earnedEXPOSED: Trumps SECRETLY Buying BEFORE The US STRATEGIC RESERVE | EP 1292
14.7K2