We are Living on Borrowed Time and Money - Rob Kirby #5366
Summary: As the Fed balance sheet approaches $10 trillion, Rob Kirby and wonder how much higher this number will go. We sit down and discuss the US debt situation, which doesn\u2019t look as if it\u2019s going to improve any time soon. With the US Treasury increasing the debt limit and struggling to manage the circumstances, we are essentially living on borrowed money and time. Tune in for more insight. Highlights: -The Fed balance sheet is approaching $10 trillion\u2014how much higher can it go? We\u2019ll probably find out in the near future -The US Treasury also increased the debt limit last week -The Fed and the treasury may encounter difficulty issuing new debt, and the upcoming debt auctions will probably be messy affairs -We\u2019re living on borrowed money and time -The debt problems in the Western world are getting worse as more money gets created -Standards of living have improved, but at the cost of our future -Debt jubilees have historically been a fixture within finance, but no one wants to talk about the inevitability of issues that arise with this -Precious metals have been prevented through signaling trouble -The price of Bitcoin surpassed Gold back in September of 2020, and still exceeds it today -Cryptocurrencies now are doing what the metals would have done -The manipulations we see in markets are a form of wage and price controls Useful Links: Financial Survival Network Kirby Analytics Dollar Has Stage 4 Cancer \u2013 Rob Kirby with Greg Hunter Jaw-Dropping Move Coming Soon | Rob Kirby