The U.S. Debt Black Hole: A Day of Reckoning Is Coming – Don't Get Blindsided

Greg Weldon drops the hammer: we’re not headed toward a debt black hole – we’re already past the event horizon. The fiscal insanity of 2024 saw government spending double revenue in four separate months. That’s your money, taxpayer. Since 1971’s gold window closure, debt has shadowed GDP. Then came QE, then pandemic printing – and debt launched into orbit while GDP flatlined. That was the point of no return.

Now? The only “propulsion” left is printing more money to service the debt. Think Argentina. Think Venezuela. The dollar has already lost 97.5% since 1985. Inflation is back with a vengeance. Lower standard of living is the only certainty. Gold? Bullish. Dollar? Bearish. The reckoning isn’t coming – it’s here. You just don’t feel it yet.

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