Retirement Lifestyle Advocates
While massive debt will be an economic drag moving ahead, likely limiting consumer spending, this new investment will be “GDP fuel.”
While every currency in the world is presently a fiat currency, this is a relatively new development in the slowly evolving world of currencies.
Over the first six months of the fiscal year, Federal Government spending totaled $3.6 trillion, up from $3.3 trillion from the same period last year.
Gold rallied 6.61% to new all-time highs, and silver advanced nearly 9% on the week.
The Dow Jones Industrial Average declined 7.86% last week, while the Standard and Poor’s 500 fell more than 9% in what was a very difficult week for stocks.
February’s job cut total is a 245% increase from January, when 49,795 job cuts were announced.
Economic challenges impacting our core consumers obviously means inflation.
At approximately $3000 per ounce, all the gold held collectively by the world’s central banks is worth about $3 trillion.
There are many economic data points that point to a recession this year.
All-in-all, consumer debt in the United States is now more than $18 trillion.
