Uncle Sam Issuing $300 Billion In New Debt This Week Alone
Gold Core
GoldSeek.com
Thursday, 29 March 2018
– This is the largest debt issuance since 2008 financial crisis
– Trump threatens trade war with its biggest creditor – China
– Bond auctions have seen weak demand due to large supply and trade war concerns
– $20 trillion mark reached in early September 2017; $1 trillion added in just 6 months
– US total national debt level now exceeds $21.05 trillion and is accelerating higher
– U.S. debt and dollar crisis coming which will propel gold higher (see chart)
This week the US has gone cap in hand to the bond markets to sell nearly $300 billion of US debt while at the same time threatening a trade war with its largest creditor China. This is despite it being the largest debt issuance since the 2008 financial crisis.
Trump has added $1 trillion in new debt in just over six months. This trillion dollar increase has only happened once before – at the height of the 2009 global financial crisis.
To give a sense of perspective of how huge $300bn issuance in one week is, it is the total amount of US debt when JFK was President. The U.S. national debt appears to be increasing parabolically and yet much of the media remains silent on the real risks this poses to the dollar, financial markets and the U.S. and global economy.
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