Replies to post #5628 on Mining Sector Ideas

[gfp927z]

Om, >> in bad shape already <<

Yes, the US was already teetering as the world's sole superpower. With the Debt Bomb, the US is broke and running off its maxed out national credit card. Global de-dollarization likely accelerates even faster after the Iran War, which has exposed the US to be a paper tiger that can't even keep the world's sea lanes open. The Social Security system will officially be insolvent in 6 years (2032). Foreigners are not showing up to buy US Treasury debt, forcing the Fed to buy its own debt. How long can that last?

Anyway, I figure we have 3-5 years before things unravel in earnest, and it could be sooner. As Hemingway wrote - 'Bankruptcy came gradually, but then all at once'.


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