Trillion-Dollar Deficits will Hit Sooner than Expected
I read an interesting article in the mainstream media (CNN) that talks about the national debt. Just 8 months ago it was thought that we wouldn't eclipse the 1 trillion annual deficit mark until 2022. The Committee for a Responsible Federal Budget is now saying it will happen next year.
I'm not surprised.
Many of us at SSG know that this ponzi scheme is predicated on debt and more debt.
The article goes on to note that "CBO was already estimating the 10-year bond rate would rise from 3% in 2018 to 3.7% in 2027, which would bring total interest costs on the debt to $5.6 trillion over the next decade."
And this why we at #steemsilvergold do what we do. Are you diversified out of fiat?
Keep on Steemin on.
*This isn't investment advice.
What is the endgame? @ironshield
Not sure how it plays out, but I suspect a lot of people will get hurt.
Yes it will! I wish gold and silver would wake up though
Me too 🙂
I bet we hit 2 trillion in the next 10 years.
good informative post dare... i appreciate your job..
You got a 2.67% upvote from @buildawhale courtesy of @kp138!
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You got a 4.35% upvote from @bid4joy courtesy of @kp138!
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Pay my credit cards and add to the debt and death paradigm or buy some silver....🤔
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