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When Will the Debt Clock Run Out?

The GoldSilver Team 
NOV 17, 2023

As the U.S. national debt surpasses $33.7 trillion – up $10 trillion since 2020 – several important questions emerge:

  • When will this relentless debt accumulation hit a breaking point?
  • What will the fallout look like?
  • And perhaps most importantly, how can you, as an individual, brace yourself for the potential consequences?

But before we dive into that, it’s time we expose some devastating news about Olympic Gold Medals...

The Stunning Truth About Olympic Gold Medals — Did you know even the Olympic gold medals aren’t made entirely of gold? They are mostly composed of silver, with a thin layer of gold plating. The last solid gold medal was awarded in 1912.

The World's Largest Gold Reserve — The United States holds the largest official gold reserves in the world. The majority of this gold is stored in the vaults of the United States Bullion Depository at Fort Knox, Kentucky, renowned for its impenetrable security.

Gold in the Ocean — Did you know there is an estimated 20 million tons of gold dispersed throughout the world's oceans? Gold is present in seawater, but it's found in such small concentrations that extracting it is not currently feasible or cost-effective.


❓Nuggets Trivia of the Week❓


Which European city was the first city to mint its own gold coins in 1252?

A. Rome, Italy
B. Florence, Italy
C. Istanbul, Turkey
D. Paris, France

Scroll to the bottom of this email for the answer...


When Will the Debt Clock Run Out?

In early 2020, the U.S. grappled with a staggering $23 trillion in national debt. Just three years later and that figure has alarmingly surpassed $33 trillion.  

When you do the simple math, that comes out to over a quarter million dollars owed per taxpayer.

Mike Maloney Debt

In a recent eye-opening video, Mike Maloney discusses the implications of the alarming growth of this debt with a deep dive into the data from the Government Accountability Office.

The discussion isn’t just informative – it's a big wake-up call. Time has run out. The only possibilities left are continuing to restructure the debt, effectively kicking the can down the road to later generations, continuing to inflate our currency to pay for the debt, or defaulting, which would cripple the world economy.

While solutions like increasing taxes or cutting spending are on the table – any candidate who suggests boosting taxes or taking away things like Medicare and Social Security will have a hard time finding votes.

Mike reveals the harrowing truth: at this point, repaying the debt is completely impossible. And soon, even managing the interest will be too. The Treasury Department reported net interest costs on the national debt surged to $659 billion in 2023. That $184 billion represents a 39% increase from the previous year.

And according to Mike, one small bank failure we saw earlier this year could be the canary in the coalmine for the upcoming crisis.

“I absolutely am convinced that the crisis that happened with Silicon Valley Bank was the warning shot...” - Mike Maloney

In a testament to the nature of this crisis, the debt numbers Mike references are already outdated, just a few weeks after the video’s release.

Mike’s video is a crucial resource for anyone seeking to understand the intricacies of the national debt, its impact on taxpayers, and the potential fallout when the debt crisis reaches its breaking point.

Watch the Full Video Now

All Hell To Break Loose

In a testament to the nature of this crisis, the debt numbers Mike references are already outdated, just a few weeks after the video’s release.

Mike’s video is a crucial resource for anyone seeking to understand the intricacies of the national debt, its impact on taxpayers, and the potential fallout when the debt crisis reaches its breaking point.

Add To Your Precious Metals Portfolio Today

That’s it for this week’s GoldSilver Nuggets – until next time!

Best,
Brandon S.
GoldSilver

Robert Kiyosaki Quote


❓Nuggets Trivia of the Week❓


Which European city was the first city to mint its own gold coins in 1252?

A. Rome, Italy
B. Florence, Italy
C. Istanbul, Turkey
D. Paris, France

Answer: B - The Gold Florin is a coin made from pure 24-carat gold weighing 3,536 grams, minted in Florence, Italy in 1252.