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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (181697)	11/11/2024 7:30:51 PM
From: Goose94	Read Replies (1) of 203540

Gold: Knows. M.G.G.Au. U.S. National Debt. November 11th 2024 As you know, the fundamental underpinning of this gold bull market is concern over the size of the U.S. federal deficit and debt, and worries over Uncle Sam’s ability to continue servicing that debt. The Trump administration will do nothing significant to address this issue. It can’t — because the problem at this point is insurmountable. Even Elon Musk’s cost-cutting goals, although admirable, can do little against the behemoth that is the federal budget. The vast majority of government spending is on autopilot, with only about 25% of it being discretionary. Even if Elon and his compatriots are able to cut discretionary spending by about half, it would do little to affect the trajectory of the debt. And if the Trump administration’s track record is any gauge, they’ll actually increase spending. Mr. Brien Lundin

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