US Government Sets Single Month Debt Record

 

This is a tweet from a great follow on Twitter. A couple things to note. If you are not using Twitter to follow and curate a fintwit knowledge base, then you are missing out. Lots of smart people sharing ideas and digging up info you may not see if you relied on your own devices.

Secondly, the news on the record government debt is astonishing. $864 Billion in one month! This is one of the main reasons I am bullish on gold and commodities over the next decade. The debt is now so huge the FED and Treasury have no choice but to print to infinity. It will not end well for most people as they are still stuck in a deflationary mindset.