OTCPK:KRCLF - Post by User
Post by
MaterialsManon Aug 24, 2023 5:46pm
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Post# 35604497
The debt trap
The debt trapA research firm in Canada (BCA), has supposedly stated that Dollar devaluation is inevitable as the U.S. dept to GDB ratio grows.
Not sure how old or accurate this info is. They suggested that in their opinion, a 97% ratio could present problems. My own research has shown that the ratio is currently around 120%.
In the end, they feel that gold will benefit greatly.
Another factoid that I found interesting was the ratio of U.S. government tax revenue vs. expenditures.
Tax revenue has to be supplemented by issuing debt.
At the current rate of spending plus the ever increasing interest payments, more annual debt than tax revenue is right around the corner for the U.S.
Imagine if the typical household had more credit card debt than annual income piling up.
That's just about where we are at with the government.
How did we get into this mess?
The concensus seems to be that it's no big deal. We'll see.