The Global Debt Crisis Has Begun
Washington is paying more to borrow than at any point in two decades, and the financial press wants you to call it good news.
Treasury yields just hit 5.44%, the highest since 2004. Back then the debt was $7 trillion. Today it's pushing $40 trillion, and interest alone runs roughly $1.25 trillion a year, closing in on Social Security as the single biggest line in the budget. The official explanation? A "stronger economy." (Funny how global yields are at their highest since 2007 too. Everyone's booming, apparently.)
Lenders aren't demanding more because they're optimistic. They're demanding more because they suspect they'll be repaid in dollars watered down to homeopathic strength. So why is gold selling off, and who profits when you panic?
About ITM Trading:
ITM Trading has spent nearly 30 years helping clients prepare for monetary resets, inflation, and systemic risk using physical gold and silver. We focus on education, historical context, and strategies designed to protect wealth when trust in the system breaks down.