Now that Dow has hit the highest target 20K since 2009 bottom when President Obama took office wall street is forecasting Trump high at 40K.

But they fail to forecast Nation’s debt when DOW will hit 40K.

1971 was the year US came off the Gold standard. The real party began then. AND Charmist/populist and darling of Republican party was President. He used executive order to change America’s monetary policy and was tough to French President.

US Economy
End of Fiscal Year Debt (9/30, in billions) GDP (Q3, in billions) ratio Debt/GDP
1971 $398 $1,159 0.34

America was great then!!!!

“Forget about NAFTA or OPEC or TPP or crowd size or hand size or any other acronym or stat or concept that obsesses the financial press these days. Only two numbers actually matter.

The first is $20 trillion, which is the level the US federal debt will exceed sometime around June of this year. Here’s the current total as measured by the US Debt Clock:”

Debt clock

“To put $20 trillion into perspective, it’s about $160,000 per US taxpayer, and exists in addition to the mortgage, credit card, auto, and student debt that our hypothetical taxpayer probably carries. It is in short, way too much for the average wage slave to manage without some kind of existential crisis.”

AND Debt to GDP ratio is 100%+ from 0.34 in 1971. What can go wrong.

Disclaimer: This post is more about gold investment than Politics.

Got Gold!!!!!