Wednesday, November 14, 2018

IT'S BAD: US Budget Deficit 60% Higher Than Last Year

The U.S. recorded a $100.5 billion budget deficit in October, an increase of about 60 percent from a year earlier.

According to Bloomberg, the deficit widened from $63.2 billion in the same month last year.

The Big Factor:

Spending grew twice as fast as revenue.

It is only likely to get worse as interest rates continue to climb.

The big question now becomes: When will the Federal Reserve start monetizing the new debt, which will send price inflation soaring?

Hug your gold coins tonight.


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