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I-80 Gold Corp T.IAU

Alternate Symbol(s):  IAUX | T.IAU.WT

i-80 Gold Corp. is a mining company. The Company is a gold and silver producer engaged in the exploration, development and production of gold, silver mineral and poly-metallic deposits. Its operations include Lone Tree, Ruby Hill, Granite Creek and McCoy-Cove. The Company owns a 100% interest in the Lone Tree and Buffalo Mountain gold deposits and Lone Tree processing complex (collectively, the Lone Tree Project). The total land package of the Lone Tree property consists of approximately 12,000 acres. The Ruby Hill Project is an advanced-stage development project with residual heap leach production, located within the Battle Mountain-Eureka Trend. It owns a 100% interest in the Granite Creek gold project located at the intersection of the Getchell gold belt and the Battle Mountain-Eureka Trend in Humboldt County, Nevada. It owns a 100% interest in the McCoy-Cove project. It holds a 100% interest in the FAD project located along the Battle Mountain-Eureka Trend in Eureka County, Nevada.


TSX:IAU - Post by User

Post by metalhead666on Mar 01, 2023 8:42pm
158 Views
Post# 35313989

Inflationary death spiral....if you earned $1 per second...

Inflationary death spiral....if you earned $1 per second...It would take 37,000 years to pay off a TRILLION in debt....Credit cards at 20% interest are at a TRILLION now.  Auto loans and Student loans are well past the TRILLION $ mark.

To pay off the national debt at $1 per second it would take ONE MILLION years.

The CBO (congressional budget office) estimates TRILLION $ deficts for many years into the future

50% of American now recieve some form of government transfer payment....they also vote.  They will never ever vote for anyone that doesn't print the money to keep the free shite coming and they absolutely will vote for those who promise to give them more.....it'sa debt death spiral from which there is no escape.

Death by fire or by ice...either will suffice.  The FED who is the instrument of this inescapable disaster will crush the economy to halt the inflation but they too now are insolvent. They are unable to pay the government $100 BILLION they would have earned absent this spike in interest rates...the FED itself is losing money and insolvent.

Government tax reciepts will plunge as we enter recession and the FED all by itself will add $100 BILLION to the defict.  What will the lunatics in congress do?  They want to get re-elected...they will defict spend even more!  The FED is tightening and the government is loosening!   Unstoppable force hitting the immovable wall. 

There is no way this can or will change. It's well past the point of no return. It will be a powerful tailwind for gold at some point but rest assured....when the shite hits the fan everything is going to tank in a big way.

Don't get out over your skis....a lot of really bad stuff is headed our way and there's nothing anyone can do about it.
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