The Bill Is Coming Due! SchiffGold Friday Gold Wrap Aug. 11, 2023
Credit cards are great until the bill comes due. And the US economy has about maxed out the plastic. The Federal Reserve incentivized borrowing and the economy is buried under trillions of dollars in debt. As Friday Gold Wrap host Mike Maharrey explains in this episode, the bill is about to come due. He also goes over the July CPI data and digs into some of the ramifications.
TOPICS DISCUSSED
- US credit rating downgraded
- Moody’s downgrades bank credit ratings
- How the Fed blew up a massive debt bubble
- The bill will come due
- July CPI breakdown
- Price inflation is down but not out
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.
Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary.
LISTEN
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SHOW NOTES
The CPI Is Two Months Away From Bottoming Before the Next Leg Up (From last May).
Another Recession Warning: Credit Card Spending Suddenly Plunges
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