Gold Telegraph
@GoldTelegraph
BREAKING NEWS
UNITED STATES INTEREST BURDEN HITS 28-YEAR HIGH
THE UNITED STATES SPENT ROUGHLY $2.4 BILLION A DAY ON NET INTEREST PAYMENTS ON ITS DEBT
Nothing to see here…
“The cost was the equivalent of 3.06% as a share of gross domestic product, the highest ratio since 1996…”
https://www.bloomberg.com/news/articles/2024-10-19/us-interest-burden-hits-28-year-high-escalating-political-risk
China is calling to strengthen their preparedness for war.
The world is in a fragile place.
We have seen years of mismanagement by central bankers, leading to inflated asset bubbles while burying the world in debt.
These are cycles, and patterns will emerge.
From 3 years ago:
When debt distress combines with endless money printing, it inevitably leads to currency crises, which have never resulted in positive periods in history.
This is why we are in the middle of a transformational international monetary system.
Watch:
“In 1945, the US had 80% of the world’s money. Gold was money at the time. It had half the world’s GDP. It had a monopoly on military power. So the US set the world order.”
Look at who is stockpiling gold today.
The foundation is shaking.
Watch:
“In 1945, the US had 80% of the world’s money. Gold was money at the time. It had half the world’s GDP. It had a monopoly on military power. So the US set the world order.”
Look at who is stockpiling gold today.
The foundation is shaking.pic.twitter.com/vHaws9UBIH
— Gold Telegraph ⚡ (@GoldTelegraph_) October 19, 2024
Something I don’t think anyone is talking about:
In July, the London Metal Exchange approved a port in Saudi Arabia as a warehouse delivery point.
Earlier this month?
The London Metal Exchange plans to expand its global metals warehousing network into Hong Kong by year-end.
As the world watches governments struggle to manage their fiscal policy:
Former Federal Reserve Chairman Alan Greenspan once said:
“Government spending under a gold standard is severely limited.”
Now, do you wonder why many Western leaders despise gold?
