The text outlines eight key indicators signaling the US government's deepening debt spiral, starting with growing federal budget deficits and the soaring national debt. The interest expense on the federal debt is accelerating, becoming a major budgetary concern. The author criticizes the Federal Reserve's control over interest rates, highlighting the central bank's actions as a form of central planning. The Fed's balance sheet is expanding again through money printing despite previous claims of temporary policies. Debasement of the currency is discussed, particularly impacting the money supply. The Consumer Price Index is criticized as a manipulated tool used to conceal the effects of currency debasement. Gold is presented as a safe haven and enduring form of money due to its scarcity and resistance to inflation. The author believes these indicators point towards more debt, money printing, and a decline in the dollar’s purchasing power. He advocates for practical financial action in response to these trends.
zerohedge.com
zerohedge.com
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