Consequences of the Skyrocketing U.S. National Debt

In response to an abrupt March 2020 move into recession and a bear market in stocks, we’re seeing an unprecedented injection of newly printed cash into the U.S. economy in a brief period of time. With consumer spending down along with tax revenues, the end result will be persistently high federal deficits, steady supplies of new cash entering the economy and a U.S. economy that more closely resembles the 1970s than the economy that most Americans have become accustomed to. The result will be favorable to gold prices.

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Jim Rickards’ Project Prophesy

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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