A thought-provoking analysis from Guy Swann debunking the myths surrounding national debt, emphasizing its serious consequences for the economy and urging individuals to reconsider their investment strategies.
Fresh GDP numbers came in and it was a blowout. The kind of blowout that only a $2.7 trillion government deficit can buy while the private economy crumbles around it.
The 2024 budget agreement, hailed by Democrats as a significant triumph, raises questions about the necessity of a Republican majority when budgetary concessions are so easily given.
Bitcoin celebrated 15 years since the mining of its genesis block this week – a period during which the permissionless, open source, distributed network has achieved 99.99% uptime – by breaking the $45,000 price level for the first time since April 2022.
The implications of this ballooning debt are dire. During the 2008 financial crisis, the national debt was a third of its current size, with the government incurring over $1 billion daily in interest. Today, that figure has tripled to $3 billion per day.
Today is a better day than most to put the current problems people are facing into perspective. To do this, let's take a look at what the monetary and debt landscape looking like around the time bitcoin was launched.
Historically, America held a positive net international investment position until the dissolution of the gold standard under President Nixon's administration. Now, the nation faces a negative $18 trillion position that continues to deteriorate.
