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What if the US Debt Hits $50 TRILLION Tomorrow?

The Daniela Cambone Show Oct 3, 2024

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The real issue with U.S. debt isn’t paying it off—it’s the economic distortions fueled by government spending, says George Gammon, real estate investor and host of The Rebel Capitalist Show. In this insightful interview with Daniela Cambone, Gammon explains how the global monetary system allows the U.S. to pile on debt without immediate repercussions, driving a dangerous cycle of overspending. He dives into the role of the Eurodollar system in propping up demand for U.S. Treasuries, which keeps interest rates lower than expected, even as debt levels soar.

Understanding U.S. Debt and Its Impact on Economic Distortions

As the United States grapples with a mounting $35 trillion national debt, the real challenge isn’t just servicing that debt—it’s the economic distortions government spending creates. Financial expert George Gammon and Daniela Cambone unpacked how this debt, intertwined with the global monetary system, fuels problems for everyday Americans, especially the middle class and the poor.

Global Monetary System and Gold Markets

In times of rising debt and economic uncertainty, many investors turn to gold markets as a reliable hedge. Historically, gold has been a safe haven during economic crises, and we are witnessing renewed interest in precious metals as concerns about global debt grow. Gold is often seen as a stable asset that can withstand the economic distortions caused by government overspending and the potential collapse of currency values.

At ITM Trading, we recognize the importance of diversifying assets to include precious metals like gold, especially for our clients who are financially conservative and looking to protect their wealth in the face of global uncertainty.

Sources & References In This Article

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