Even Net Debt vs GDP is Creeping Higher…
Net debt? Holy Moses!!! Maybe they will start to use this metric to “massage” the numbers later on…
Anyhow… look how gold tracks this one also! Cool that there is even a projected 94% value for end of 2024.
Edit: adding rate of change.. which tracks even better than nominal values (often don’t fully reset).
Edit: adding rate of change for Federal Debt: Total Public Debt as Percent of Gross Domestic Product
Greece’s ratio is 370%, still not broke from 2011, party is going on.
US has fortune 500 companies, best military and financial system, we can easily print another 50 trillion , without any issue.
It will be a problem 20-30 years later, till then ignore National Debt concern.
https://gotechdaily.com/how-does-the-united-states-pay-for-a-2-trillion-coronavirus-stimulation-package/
Great! That was the only worry for the gold trade. If no debt default.. then 6k gold (and more) is in the cards!
Actually it is not $2 trillion but total is $6 trillion. $4 trillion to FED to bail out corporations.