Uncle Sam Issuing $300 Billion In New Debt This Week Alone
– US needs to borrow almost $300 billion this week alone – This is the largest debt issuance since 2008 financial crisis – Trump threatens trade war with its biggest creditor – China – Bond auctions have seen weak demand due to large supply and trade war concerns – $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months – US total national debt level now exceeds $21.05 trillion and is accelerating higher – U.S. debt and dollar crisis coming which will propel gold higher (see chart) Source: USDebtClock.org This week the US has gone cap [...]