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YES PETER WE ARE DOOMED - thanks for the update

Peter. You underestimate the actual resolve at play here. You act like you want a complete economic meltdown every day. Meanwhile the powers at play are gradually and very slowly/responsibly walking back the beast they've created.

If Japan can survive with a 200% debt to GDP ratio, why can’t the United States survive at 105%?

I look forward to paying off any debt with a loaf of bread.

Oh I see, he did that all by himself uh? How about we blame the people who created that debt? The ones who have been sucking off the government for years. Thanks CONGRESS!

So NOW the previous 18 trillion are also Trumps fault ? Interesting, I did not know this ......

After well over a decade of doom and gloom reporting, it's amazing people still subscribe to this logic. Untold fortunes have been secured all the while selling the chicken little doom and gloom...smh

Trump is at war with the Deep State. Give him a little time, and then he'll tackle dismantling the Fed....I hope.

300 Trills of debt will eventually crush this nation. Not the phony 21.5 Trills that’s on the books! As that was the total debt when I participated in the Grace Commission back in the 80’s!

Oh Schiff you say the same stuff all the time. You’re just waiting for a collapse so you can say “look a broken clock is right twice a day”.

It wasn’t just him....The corruption in the government is a disgrace, and our forefathers would be so disappointed. All crooks!!

Peter, you are obviously well aware that the U.S national debt went past the twenty trillion mark on Obama's watch. This isn't all just Trump. Yes, his trade wars are frightening to say the least but you can't blame all of uncle sams debt problems on him.

Over 20 Trillion printed under Obama and Now Trump is going to bring down the house. #StupidPeopleRuiningAmerica

I like his tax cuts and cuts to regs but got to cut spending. Problem is cutting loses votes so little appetite to cut. Trump would cut if congress passed but dems want to spend and rinos have no backbone. So here we are...21 trillion and counting. I live in pa. Previous gov cut...voted out after one term cause opponent ran on spending...same with our county commissioner.

Yeah... and what about all the debt accumulated during the last eight years? Congress just can’t seem to cut spending EVER! So do we have a problem? Yes we do. But don’t blame it all on Trump!

Peter, besides you and gold bugs, who is short the dollar, as stated in the article? " The world has a vast "short position" on the dollar. This is harmless in good times but prone to a sudden margin call - akin to late 2008 - as the Fed raises rates and drains dollar liquidity. "

Not surprised by this. I knew it would happen all along. He will do the same thing he did in AC to our country. As long as he gets his few years looking good, he will spend his way into oblivion. He lives for praise, if only for a short period of time with no regard or foresight to anything after it. He displays this pattern in literally everything he does. Always amazes me people didn't and don't see it. We will all pay in the end.

The defecit is partially Trump's to own but the debt is Obama's and Bush's fault. Bail outs, quantitative easing, endless wars, welfare state, and Ponzi central banking are not Trump's fault. Republicans will get blamed even though Trump is a fiscal liberal.

Why isn't it titled 'Congress' hair-raising level of debt?' If Trump had demanded a balanced budget, the Congress wouldn't have passed one. The gubmit would have been shut down and everyone knows it.

I’ve got gold, silver, salt, land, water, munitions, and food. We just need to destroy Israel and all Abrahamic Religions and we will finally be free.

And there is no "Silver Bullet" available to the Fed this time around to ease the pain.

They thought it was gonna crash real bad in the 80’s. Suddenly, this strange new economy emerged in Silicon Valley and saved us at least until now.

But the US has over 100 Trillion in financial assets and hard power. Peter always leads his flock to the poor house...

It should no longer be a secret that asset currency has to be used by the market to complement the debt (fiat) in circulation. It's the only way to balance and not create a massive crash. Simply put, we need some Yang with our existing Yin in order to balance and for symbiosis to come about. ☯️ Just add assets ..... and stir..... market osmosis is the miracle of 21st century "fishes and loaves". 📡

If you predict it every month... Some day you will be right??? Not a good strategy

Notice that all of this started in September 2017, when the debt ceiling was lifted.

The FED is praying for the consumer's help ! www.bloomberg.com/news/articles/2018-04-18/from-citigroup-to-the-fed-curve-inversion-angst-is-int...

If they suddenly got religion about semi-honestly measuring inflation it stands to reason they must want to engineer a massive rotation into bonds.

The Fed is gently nudging us. They need help. Since gold currency, now that it features real-time prices, cannot be introduced into circulation from the apex of classical power, central banks (globally) have no choice but to wait and rely on consumers to answer the market bell. They can easily resort to "the stick". "Carrots" don't always do the trick on the basis of people's habits. Take the carrot.

Buy gold

As someone intimately involved with a light manufacturing business just outside Philly I can tell you we are feeling it in our bottom lines. Fortunately for us our product is white hot and we honestly are having problems keeping inventory in our warehouse. Okay that’s the positive news. Negative news is our main product is mostly polyester. We buy containers from Italy. Between falling dollar and higher shipping our net costs are rising double digits. Insurance,labor,domestic shipping rates are all climbing as fast as they have in 10 years. We are staying ahead by selling a lot of product but we have next to no price elasticity. Our margins are shrinking and we keep our fingers crossed that there isn’t a deep recession. Our product is discretionary and would suffer if companies that use us tightened their belts.

pretty soon, lots of low income family would move to woods, hunt for food.

Selling gold, buying lots of dollars today...

Silver?

Ryan