The New CS Board

[jumanji0881]

US Starts Off Fiscal 2021 With Largest October Budget Deficit On Record : https://www.zerohedge.com/economics/us-starts-fiscal-2021-largest-october-budget-deficit-record

My comment: I'm expecting $40Trillion national debt by 2026. Ever increasing debt is the single biggest argument for owning gold.

Excerpts:
the US started off fiscal 2021 in style, and in the month of October the budget deficit was a whopping $284 billion, $10 billion more than the expected $274.5 billion, and more than double last year's October deficit of $134.5 billion. This was also the biggest October deficit in history.

Finally putting the October number in context, the October deficit of $284.1 billion was not only more than double the deficit recorded in any year in the past decade, but was the highest October deficit on record, in what is an ominous confirmation that the US debt, already over $27.1 trillion will rise above $30 trillion within the next 12 or so months.