The national debt just ballooned another $100 billion in 6 days, just like the creation of the world.
Arguably, the Federal government’s accomplishment in debt accumulation is even more impressive. With the Treasury announcing $1.6 trillion in new borrowing by March and only $1 trillion left in the reverse repo facility, it looks like government borrowing needs and monetary reality are about to bash into each other.
As this is happening, we are seeing record monthly physical gold drains from the LBMA, and physical silver stocks in London are back down just above all-time lows.
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