The Bill Is Coming Due

SchiffGold
By Michael Maharrey of SchiffGold
Precious Metals Commentary •

Credit cards are great until the bill comes due. And the US economy has about maxed out the plastic. The Federal Reserve incentivized borrowing and the economy is buried under trillions of dollars in debt.

brown wallet

Image Source: Unsplash
 

Credit cards are great until the bill comes due. And the US economy has about maxed out the plastic. The Federal Reserve incentivized borrowing and the economy is buried under trillions of dollars in debt. I explain in this episode, the bill is about to come due. I also go over the July CPI data and dig into some of the ramifications.

Video Length: 00:38:16

More By This Author:

Price Inflation Down But Not Out
Another Recession Signal: Plunge In Demand For Gold In The Electronics Sector
Debt Chickens Are Coming Home To Roost
Disclosure:

The posts on this blog are opinions, not advice. Please read our Disclaimers.

More from this Author

Consumer Sentiment Just Hit An All-Time Low. Trump Calls It Best Economy Ever

Consumer Sentiment Just Hit An All-Time Low. Trump Calls It Best Economy Ever

SchiffGold •
Real Rates Are Collapsing And Nobody Sees It — Gold's Biggest Setup Ever

Real Rates Are Collapsing And Nobody Sees It — Gold's Biggest Setup Ever

SchiffGold •
Gold Tops $4k As World Prepares To Go Off Dollar Standard

Gold Tops $4k As World Prepares To Go Off Dollar Standard

SchiffGold •

Comments

Back to all articles