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BREAKING: US DEBT CRISIS TURNS DESPERATE! - Record Breaking $100 Billion T-Bills! - "New Norm!"
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Josh Sigurdson talks with Mark Gonzales about the record breaking issuance of Treasury Bills at $100 Billion as the US debt crisis turns desperate.
This move is only done in a major emergency, so what are they not telling us?
First of all, dollar dominance is collapsing, the Fed's reverse repo facility is draining, liquidity risks are growing but also, the United States faces a $37 trillion debt and growing. If you add together all obligations, it's closer to $151 trillion. The global GDP is $75 trillion.
Meanwhile, it just so happens that the new digital CBDC system is being introduced under the guise of "Stable Coins" with the GENIUS Act which utilizes KYC to track you.
This isn't a coincidence.
It is not possible economically to avoid the consequences of a debt this large, regardless of the president. This is an issue intrinsic to the central planning ideology that cannot be avoided. However, it is going to continue to weigh down massively and be shifted onto the consumer going forward. This will affect the money you have in the bank.
In fact, Basel 3 was issued last year to 63 central banks. This means bail-ins can happen at any time under emergency orders and your bank account can be drained to pay for debts in bankruptcy. The FDIC itself is bankrupt by the way. Considering most banks have a cash to deposit ratio of between under 1% and 3%, we are already seeing insolvency.
People need to step out of the traditional financial system and hold wealth insurance which can set them free from the coming collapse which happens over years and we've witnessed that. We are just witnessing the end point following years of being normalized to it.
Prepare yourselves.
Stay tuned for more from WAM!
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