The debt deal has passed Congress, but it solves nothing. Is there really a difference between defaulting on your debt or paying it back with devalued currency? 💰 Great prices on silver bullion at SD Bullion ► 🧼 Use coupon code "stacker" to save 10% on nanosilver powered personal care products from Silver Botanicals ► 💸 Buy Goldback Gold Currency At Alpine Gold Exchange ► 🟢 Join Other Smart Stackers On Reddit ► 📣 Follow me on Twitter ► 📷 Follow me on Instagram ► I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Some of the links provided in this description are affiliate links. If you make a purchase using one of those links I may receive compensation at no additional cost to you. Thank you for supporting this channel in this way, or any other! #silver #gold #debtceiling #usdebt #debtdeal...(read more)
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The latest debt deal in the United States has been hailed by some as a last-minute effort to avoid a catastrophic default. But the reality is that this deal solves nothing, and the US is still on track to default by inflation. First, let's examine what the debt deal actually accomplishes. The agreement raises the debt ceiling by $2.5 trillion and includes some spending cuts. However, these cuts are far from sufficient to address the long-term debt problem. In fact, the Congressional Budget Office estimates that the deal will only reduce the deficit by $2.1 trillion over the next decade – a drop in the bucket when compared to the $14.8 trillion national debt. Moreover, the spending cuts are not likely to take effect until 2013, which means that the US will continue to rack up debt in the meantime. But even if the spending cuts were more substantial, they wouldn't be enough to prevent a default. That's because the US is facing a more fundamental problem: inflation. Inflation occurs when there is too much money chasing too few goods. And that's exactly what is happening in the US right now. The Federal Reserve has been printing money at an unprecedented rate to fund the government's borrowing binge. As a result, the value of the dollar has been steadily declining. This decline in the value of the dollar is an insidious form of default. It erodes the purchasing power of American citizens and savers who rely on fixed incomes. And it undermines the confidence of foreign investors who hold US debt. Inflation is a form of default that is often overlooked, but it is no less damaging than an outright default on debt payments. It leads to higher interest rates, which further exacerbate the debt problem. And it can trigger a vicious cycle of inflation, as prices rise in response to the devaluation of the currency. The debt deal may have bought the US a little time, but it has not solved the underlying problem. Inflation is going to continue to eat away at the value of the dollar, and the US will eventually default on its obligations – either through outright default or through erosion of the value of the currency. To avoid this fate, the US needs to rein in its spending and balance its budget. This will require tough choices and painful sacrifices. But it is the only way to restore confidence in the US economy and prevent a default by inflation. https://inflationprotection.org/debt-agreement-fails-to-address-the-problem-inflation-to-push-us-into-default/?feed_id=105778&_unique_id=64829a10cc460 #Inflation #Retirement #GoldIRA #Wealth #Investing #.9999silver #90silver #90silvercoins #bestsilvertobuy #constitutionalsilver #Gold #goldprice #inflation #Inflationhedge #investinsilver #investinginsilver #investinginsilvercoins #JunkSilver #PhysicalSilver #preciousmetals #sdbullion #silverbars #silverbullion #silvercoins #silverinvestments #silverprice #SilverRounds #silverstacker #silverstacking #smartsilverstacker #stacksilver #stackingsilver #InvestDuringInflation #.9999silver #90silver #90silvercoins #bestsilvertobuy #constitutionalsilver #Gold #goldprice #inflation #Inflationhedge #investinsilver #investinginsilver #investinginsilvercoins #JunkSilver #PhysicalSilver #preciousmetals #sdbullion #silverbars #silverbullion #silvercoins #silverinvestments #silverprice #SilverRounds #silverstacker #silverstacking #smartsilverstacker #stacksilver #stackingsilver
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