The Debt Ceiling Distraction: Why Nothing Will Actually Change | The Gold Spot

Think the US debt ceiling deal actually solved anything? Wouldn't that be nice! In reality, this political football is being tossed back and forth between conservatives and liberals to distract from the root problem: the government's reckless financial policies.

While the US government claims a phony victory, #inflation is running rampant, our #debt is skyrocketing, and de-dollarization is heating up. Right now, the US is burning through more cash than at any point in its history.

Just as the economy was desperately awaiting rate cuts, the government’s mismanagement is forcing the Federal Reserve to expand and prolong their rate hikes. The higher-for-longer structure means higher interest rates are here to stay for a while.

This comes as the job market adds millions of new jobs which only contributes to inflation, making it even harder for the Fed to get inflation under control. Jerome Powell’s pleading for decreased spending fell on deaf ears in Congress.

Watch this week’s The Gold Spot to hear Scottsdale Bullion & Coin Founder Eric Sepanek and Precious Metals Advisor Damian White explain the debt ceiling fiasco, the ramifications of the gov’s reckless fiscal policies, and where investors can protect their wealth.

🔗 RELATED LINKS:

💸 De-Dollarization 101: What to Know About the Global Shift Away From the Dollar: https://www.sbcgold.com/blog/de-dollarization-101-what-to-know-about-the-global-shift-away-from-the-dollar/

💸 De-Dollarization Rapidly Accelerates: Is The US Dollar In Trouble?: https://www.sbcgold.com/blog/de-dollarization-rapidly-accelerates/

👉 Why Central Banks Are Buying Up Record Amounts of Gold: https://www.sbcgold.com/blog/why-central-banks-are-buying-up-record-amounts-of-gold/

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