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This website contains affiliate links.
When you click on these links and make a purchase, I may receive a commission at no additional cost to you.
I only promote companies that I have personally used or researched and believe will add value to our readers.
Disclosure:
The content I provide here isn’t financial advice and cannot be taken as such. Please speak to your financial advisor before making any investment decision.
Also, note that every investment comes with its own risks and drawbacks. Lastly, I would like to remind you that past results cannot guarantee future returns.
In 2024, the government is paying MORE ($1.1 Trillion - Source ) in INTEREST PAYMENTS than for:
Discretionary - $948 Billion
Medicare - $858 Billion
Defense Discretionary- $849 Billion
Medicaid- $755 Billion
Other Mandatory- $707 Billion
Income Security- $374 Billion
Only Social Security ($1.452 Trillion) gets more, but if this wild spending is not curtailed, it will not be but a few years before the interest payment will outstrip even social security.
Discretionary - $948 Billion
Medicare - $858 Billion
Defense Discretionary- $849 Billion
Medicaid- $755 Billion
Other Mandatory- $707 Billion
Income Security- $374 Billion
Only Social Security ($1.452 Trillion) gets more, but if this wild spending is not curtailed, it will not be but a few years before the interest payment will outstrip even social security.
What That Means
It Means That Congress Has Buried THE United States of American (and the citizens) Deep In Debt
In fact The US is so deep in debt they may NEVER be able to pay that debt off.
(NOTE: That debt IS NOT being paid down, only the interest is being paid (called servicing the debt).
We DO NOT need China, Russia or Brazil, and others who are attempting to devalue or harm the U.S. Economy and U.S. Dollar.
In fact The US is so deep in debt they may NEVER be able to pay that debt off.
(NOTE: That debt IS NOT being paid down, only the interest is being paid (called servicing the debt).
We DO NOT need China, Russia or Brazil, and others who are attempting to devalue or harm the U.S. Economy and U.S. Dollar.
Congress Is
Doing That For Them
Now For The
REALLY BAD NEWS
The U.S. Dollar is FIAT money. (FIAT MONEY SYTEM DEFINED) AND ONLY HAS VALUE IF ITS CITIZENS BELIEVE IT HAS VALUE.
HOW MUCH VALUE DOES WILL THE THE DOLLAR HAVE WHEN IT'S CITIZENS REALIZE IT HAS NO VALUE BECAUSE OF THE MASSIVE DEBT WE ARE CARRYING?
And that WILL HAPPEN when the U.S. Government can no longer service that debt AND Fully PAY its other obligations?
Obligations Like: Medicare, Defense Discretionary, Medicaid, Other Mandatory, and Income Security?
Think Hyper Inflation. I cannot see into the future to predict how much value the dollar will lose, but it will affect EVERYONE, especially those on Fixed incomes or those with Paper IRAs.
HOW MUCH VALUE DOES WILL THE THE DOLLAR HAVE WHEN IT'S CITIZENS REALIZE IT HAS NO VALUE BECAUSE OF THE MASSIVE DEBT WE ARE CARRYING?
And that WILL HAPPEN when the U.S. Government can no longer service that debt AND Fully PAY its other obligations?
Obligations Like: Medicare, Defense Discretionary, Medicaid, Other Mandatory, and Income Security?
Think Hyper Inflation. I cannot see into the future to predict how much value the dollar will lose, but it will affect EVERYONE, especially those on Fixed incomes or those with Paper IRAs.
IS GOLD THE ANSWER?
CENTRAL BANKS WENT ON A Gold BUYING SPREE! (Source)
Russia & China Top Countries Buying Gold (Source)
Europe has been preparing a Gold Standard since the 1970s. (Source)
Today, Gold and & Silver prices are the highest they have every been. (CHART)
Why?
Gold & Silver HAVE INTRINSIC VALUE, and their value is rising. That is the REASON why nations and millionaires are gobbling up Gold.
Here are a few of the Wealthy People who are hedging their bets and putting anywhere from 5% to 10% of their assets into GOLD.
Is it time to consider doing the same?
Russia & China Top Countries Buying Gold (Source)
Europe has been preparing a Gold Standard since the 1970s. (Source)
Today, Gold and & Silver prices are the highest they have every been. (CHART)
Why?
Gold & Silver HAVE INTRINSIC VALUE, and their value is rising. That is the REASON why nations and millionaires are gobbling up Gold.
Here are a few of the Wealthy People who are hedging their bets and putting anywhere from 5% to 10% of their assets into GOLD.
Is it time to consider doing the same?
Note From The Author Of This Website: My research on the National Debt has been a real eye opener. There are those individuals who claim that the cost of the national debt is low and is NOT a threat to the US Economy or Dollar. I cannot possible see how the is true. The debt is increasing at such a pace that in another 10 years the interest payment could consume 75% of taxable income. Beyond Scary.
