Dec 29, 2021
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’t look as if it’s 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—how much higher
can it go? We’ll 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’re 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 – Rob
Kirby with Greg Hunter
Jaw-Dropping Move Coming Soon | Rob
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