RE: Financial D-Day and the Rise of the Gold Vigilantes16 Apr 2024 01:39
Goldgnome, this is the Global ticking time bomb, Global in that it's effects will spread far and wide when it goes off !!
The US will have to raise taxes, they are too low for their Current and Capital Public Expenditure. The latter is also a ticking time bomb as much of the infrastructure, built in the 19960's to 1970's, needs replacing as shown recently by some collapsing bridges and roads. They'll kick the debt down the road as long as they can, but Republicans are now making it harder to increase the debt. Signs of a declining Superpower !!