The Real Trouble with the US Debt Topping 100 Percent of GDP
6 Articles
6 Articles
'Don't Even Think About Selling': Mr. Gold Warns US 'Officially A Banana Republic'
'Don't Even Think About Selling': Mr. Gold Warns US 'Officially A Banana Republic' Via Greg Hunter’s USAWatchdog.com, Last time financial writer and precious metals expert Bill Holter (aka Mr. Gold) was on USAW, he said don’t even think about selling any gold or silver. One of the big reasons why he is still saying this is the news last week that the US debt to GDP ratio is now at 100%. Mr. Gold says, “I have talked for years about how the enti…
The US public debt stood at US$31.27 trillion on March 31, while the estimated GDP for the twelve months prior to that date was US$31.22 billion. This means that the debt equals 100.2% of GDP. Thus, the Donald Trump administration quickly approaches the historical record of 106%, recorded in 1946. The post US debt exceeds the size of its economy, for the first time since the Second World War first appeared on Cubadebate.
US Debt Tops 100% Of GDP: Is This The Signal For Bitcoin To Run?
Bitcoin (CRYPTO: BTC) is increasingly seen as a national security tool, sparking a debate about how Bitcoin will integrate in times of rising sovereign debt. U.S. Debt Crossed 100% Of GDP Post-WWII Threshold U.S. public debt has topped 100% of GDP for the first time since 1946 when the country demobilized after World War II. The government now spends $1.33 for every dollar collected, with debt service approaching $1 trillion annually. Post-WWI…
US Debt To GDP Ratio At 1.22 (Nothing Has Been The Same Since 2020 Covid Outbreak)
It used to be that a debt-to-GDP (Gross Domestic Product) ratio above 1.0 would be disastrous. Yet, the US Debt-to-GDP ratio rises during and after most recessions. Why? The old Keynesian model called for increased government spending and debt to pull the country out of a recession. But the Keynesian model called for debt to be repaind after the recession ended. But after most recessions, the Federal government keeps spending and borrowing. Foll…
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