Foreign central banks buying gold instead of U.S. Treasuries—a vote of no confidence.
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Most have no idea how are government is funded, yes by taxes on our citizens, but the largest portion is derived from foreigners buying our debt instruments.
We are in the last stages. Very simple, we have run out of someone else’s money.
Current figures:
-The US collected $5 trillion in taxes.
- Our US Treasury issued $28.5 trillion in bonds ( debt).
Our national debt of $38 trillion is mathematically impossible to pay off. Tic, Toc….a ten year old with a calculator can see how this ends.