U.S. attains frightening milestone

Daily Reckoning/James Rickards/2-7-2022

“Well, we did it! It took some hard work, but the United States finally managed to find itself with $30 trillion of government debt. But if anyone is actually thinking of celebrating this dubious accomplishment, I have some advice for you — get ready for the hangover.”

USAGOLD note: Has there been a single word from the White House on achieving the $30 trillion milestone? A statement of enduring interest from any member of Congress? As Ross Perot used to say, “It’s the crazy aunt in the attic nobody in the family wants to talk about.” Rickards says, “Time to buy some gold before the rush into hard assets really begins.”

Data sources: St. Louis Federal Reserve, U.S. Treasury Department