United States federal debt including off balance is closer to 200 Trillion. How the hell is the U.S going to pay that back. Zimbabwe the country and Weimar Republic Germany in the 1930’s didn’t have close to this amount of debt and they didn’t survive.
India is trying to curtail the import of gold. The Indian government thinks this will slow down gold purchases and this can result in gold taking a 30% drop or more.
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