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US debt crises to push Gold higher, page-2

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24/02/19

14:50

Post #: 37546939
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Originally posted by glend: ↑

"Luke Gromen" has predicted that when 100% of all US federal income is required to pay off total debt (including unfunded pensions) we will see a US debt crises quickly unfold. He is arguing this could occur within the next two years which explains why international banks have been dumping US treasuries to buy gold. His charts show that US debt was funded by the US private sector last year because all the traditional buyers were dumping instead of buying US treasuries.

US private sector has kept the USD from falling by buying US treasury bonds. When the US private sector can no longer afford to buy US debt the US government will have to print their way out of debt. Because US is the largest economies in world it will have global ramifications.

So Gold could rise very strongly within next two years. But there could also be a world of hurt at the same time. Which is not what anyone really wishes.

Can listen to conversation here

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Gromen has been predicting the decline of the USD for years......he's been wrong.
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