Egon von Greyerz warned the U.S. has a huge problem, plus a stunning big picture look at silver.
Huge Problem Facing The US
July 26 (King World News) – Egon von Greyerz: When Paul Volcker was raising rates, the US public debt was below $900B, not the current $30 TRILLION. Our deficit-to-GDP level was only 2%. TODAY, our debt-to-GDP ratio is over 125% and our deficit ratio is approaching 7%. Math, facts and debt are stubborn things, no?…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
Recession Watch
Charlie Bilello: The last 8 recessions in the US were preceded by an inversion of the 10-year and 3-month Treasury yields. We’re now only 19 bps away…
More Confirmation Of US Economic Problems
Depression Is On The Way
Garic Moran: There is no such thing as a shallow recession with $90T in Total Credit Market Debt Outstanding. Now that the economy is contracting & the everything credit cycle has busted it is all downhill from here. Depression is on the way unless the FED reverses course.
Big Picture For Silver
Graddhy out of Sweden: The weekend is the time for very big picture charts. But, I think we need this one now mid-week. It is the largest, legit looking cup & handle I have ever seen. It WILL break out and go a very long way. Never forget the very big picture.
DON’T LET THE BANKSTERS FOOL YOU:
Massive Multi-Decade Silver Cup & Handle
Formation Shows Silver Price Will Vault
Far Above $50 All-Time High
ALSO RELEASED: CONTRARIAN ALERT: Traders Bet Gold And Miners Will Continue Historic Plunge CLICK HERE.
ALSO RELEASED: Putin Has Russia Booming But The West Is In Serious Trouble And China Is Doing A Major Pivot CLICK HERE.
ALSO RELEASED: Central Planners Can’t Hold Down The Price Of Gold Much Longer CLICK HERE.
ALSO RELEASED: Bullion Banks Massive Short Covering In Gold & Silver Markets CLICK HERE.
***To listen to Gerald Celente discuss why the price of gold today should be $2,500 and silver $70-$100 as well as what surprises to expect in the back half of this year CLICK HERE OR ON THE IMAGE BELOW.
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