From the Desk of Shanon Davis, CEO — American Alternative Assets
I was sitting at my desk this morning, coffee in hand, reading the headlines — and I about spit it out. $38.57 trillion. That’s the national debt as of this week. And you know what’s wild? The interest payment alone — just the interest — is about to cost more than Medicare. Nearly a trillion dollars a year, just to service what we already owe.
Let me put that in regular-people terms. The government is borrowing money to pay interest on money it already borrowed. If you or I ran our household like that, we’d be bankrupt by Tuesday.
Now here’s what really gets me. While Washington keeps kicking the can down the road, central banks around the world are quietly stacking gold like their lives depend on it. Gold is up over 25% since early last year. These are the people who print the money — and they’re hedging against it. That should tell you something.
Look, I’m not here to scare anybody. I’m not that guy. But I talk to regular Americans every single day who are approaching retirement, and most of them have no idea how directly this debt spiral affects their savings, their purchasing power, their Social Security outlook. It’s not that hard to understand once somebody breaks it down for you in plain English.
That’s exactly why we put together our guide, The Debt Death Spiral. No jargon. No Wall Street double-talk. Just the facts about what’s happening with our national debt and what it means for people like you and me who actually have to live in this economy.
Got questions? Give us a call. Get educated. Then decide for yourself.
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