Making Money Minute with Ron Hiebert - Debt & Gold Prices
It used to be that the US government would step in with extra borrowing to stabilize the economy in times of war or financial duress. Since Covid, spending has gone crazy and the debt machine no longer has any brakes. Not only does the US have to find buyers for new debt, but past borrowing needs to be rolled over and renewed. Of the 37 trillion the US owes, 1/2 of it will mature in the next three years and have to be refinanced at two to three times the interest rates they borrowed at in the past. No wonder gold prices have doubled.
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Making Money Minute with Ron Hiebert - Debt & Gold Prices
It used to be that the US government would step in with extra borrowing to stabilize the economy in times of war or financial duress. Since Covid, spending has gone crazy and the debt machine no longer has any brakes. Not only does the US have to find buyers for new debt, but past borrowing needs to be rolled over and renewed. Of the 37 trillion the US owes, 1/2 of it will mature in the next three years and have to be refinanced at two to three times the interest rates they borrowed at in the past. No wonder gold prices have doubled.
Making Money Minute with Ron Hiebert - There Is Always Something To Worry About
People run around with their hair on fire more frequently these days. There always seems to be some financial cliff the world is teetering on the edge of. Tariffs, trade wars, Brexit, interest rates, debt, inflation, Hamas, Israel, North Korea, Iran, Putin, Trump, Xi and the list goes on. The hair on fire crowd, never admits the world has carried on in spite of their doom and gloom. Next time you are exposed to a fountain of negativity, go into a quiet room, put on a set of noise cancelling headphones and enjoy some nice music with a glass of your favorite vintage. Stay there - until the urge to do something stupid goes away.
Making Money Minute with Ron Hiebert
Making Money Minute with Ron Hiebert - Debt & Gold Prices
It used to be that the US government would step in with extra borrowing to stabilize the economy in times of war or financial duress. Since Covid, spending has gone crazy and the debt machine no longer has any brakes. Not only does the US have to find buyers for new debt, but past borrowing needs to be rolled over and renewed. Of the 37 trillion the US owes, 1/2 of it will mature in the next three years and have to be refinanced at two to three times the interest rates they borrowed at in the past. No wonder gold prices have doubled.
