As a gold investor in North America, it sometimes feels like I’m living in some far-off land where everyone believes in fairy tales and unicorns.
Most people around me don’t seem to see anything wrong with the Fed creating $65 billion a month out of thin airâhey, it’s not $85 billion anymore, what a relief! It’s business as usual for the US government to spend billions more than it takes in, and a public debt hovering at $17.2 trillionâup from $7 trillion just 10 years agoâseems no more alarming than a rainbow.
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