Translation : Gold is going to $10,000 an oz.
Stey broached the subject of U.S. Treasuries seeing current save-haven status as a mirage of safe haven.
You saw it here on television for the first time.
The big dirty secret.
Where will the CASH ever come from the repay the principal - close to $15 trillion ??????
The government is losing well over $1 trillion annually. This is a classic ponzi scheme.
Steyn pointed out a specific year, I think 1768, where the French government was using 60% of their annual revenue just to service their debt - and, he said, you know how that worked out.
We’ve finally heard someone on television point out the nude emperor of U.S. Treasuries ! Perhaps a few, maybe a dozen, of those clueless people who just want to “get the guy from their party elected” will start to realize (light breaking through clouds, cue music) that the Federal government IS LIVING WEEK TO WEEK - IT HAS NO CASH OTHER THAN WHAT IT RECEIVES. And it needs 50% more than it receives, so it borrows that. With no intention of EVER paying back the principal !!!!!!!
Judge Napolitano previously very ably described how we certainly need a return to free markets and an end to government meddling in markets.
I can’t type fast enough I’m so amazed while I listen, sorry.
Perhaps the video will be on the internet soon, I hope so.