MMT Madness: Why the US is Drowning in Debt | The Gold Spot

The fact that #nationaldebt recently passed $35 trillion wasn’t a turning point says a lot about our monetary policy. Modern Monetary Theory (MMT) acts as though debt isn’t an issue, which explains how our fiscal leaders can ignore such an obvious problem.

While it’s common to claim the government is bankrupt, the real issue is insolvency. There’s plenty of tax revenue to cover legitimate federal expenses. The problem is ceaseless and undisciplined spending.

This debt management failure directly fuels the #dedollarization movement as countries dive into hard assets in the wake of a diving dollar. The sheer cost of managing #debt is eating up a growing portion of the country’s GDP.

In this week’s The Gold Spot, Scottsdale Bullion & Coin Precious Metals Advisors Damian White and John Karow explain why the United States isn’t bankrupt, the real cause of the failing economy, and why physical #gold offers protection for your hard-earned dollars.

Request a FREE Copy of our MMT Report here: https://www.sbcgold.com/free-mmt-report/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_08072024

Read more here: https://www.sbcgold.com/blog/mmt-madness-why-us-is-drowning-in-debt/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_08072024

⭐ RELATED LINKS:

▶️ National Debt Visualized - $35,000,000,000,000: https://www.sbcgold.com/national-debt/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_08072024

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⭐ Scottsdale Bullion & Coin 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_08072024

👤 John Karow: https://www.sbcgold.com/about/john-karow/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_08072024