Рет қаралды 588
Lets talk about US deficit spending since the year 2000. For the first time at the turn of the millennium we had a budget surplus. After 9/11 and getting involved in 2 wars in the middle east the US quickly lost that budget surplus and racked up deficits every year since. The deficits slowed down as we exited the Iraq war before the 2008 financial crisis. With the advent of the 2008 financial crisis though government spending shot up and a huge deficit was recorded after the extensive TARP spending took place and government bailouts were handed out. After the 2008 crisis recovery began we still saw high levels of spending that gradually increased year after year. In 2020 with the country shut down the US government again spent like crazy to try and advert economic disaster. After the recovery the trend line of continually increased spending and deficits have continued as we support conflicts through the world.
The only way for the US to avoid these deficits is:
1. Stay out of foreign wars and conflicts
2. Take advantage of Technological advances for productive means.
3. Make the hard decision to Cut spending and/or increase taxes.
Our gold investments are a hedge against US market swings. No matter what the US dollar denominated value of our gold is it should keep up with inflation at the least and also will capture any advances in productivity.