Aug. 19 at 1:13 AM
$GLD $JNUG $SLV $GDX $B
❌
$40 trillion national debt likely to be reached in the 24-48 hrs❌
Only
$13.34 billion away now & on Aug 1st it was
$165 billion away from
$40 trillion.
➡️Negative rates, financial repression, negative real rates coming on late 2027. Some formation of this is coming
➡️
$40T debt → huge refinancing needs → rising interest expense → weaker growth → Fed cuts → inflation remains sticky → long yields refuse to fall → Treasury/Fed pressure to suppress the long end.
The ultimate temptation of excessive debt is not to default on it but to repay it in dollars that are WORTH LESS. Laugh to win
https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny
