As US Debt to GDP Approaches WWII Levels Stock Market Momentum Wanes.

maneco64 (74)in #dtube • 5 years ago (edited)

In this report, from London on Saturday, October 19th, 2019 I look at the U.S. national debt picture and how it has evolved through the decades and where we are now.

I will also go through the technical picture for the markets and the precious metals. I note that gold seems to be forming a consolidative bull flag formation and that the Dow Jones Industrial Average Index has been having a difficult time finding upside momentum for almost two years now.

I note as well that back in the immediate aftermath of WWII in 1946 U.S. national debt to GDP reached 108% and that we are now very close to that level at 106%. The main difference now is that the U.S. is not the biggest creditor nation in the world like it was back in 1946. Back then the U.S. also held almost three-quarters of the world's sovereign gold reserves.

My conclusion is that the U.S. might be able to keep the debt and stock market bubble for a while longer but unfortunately the U.S. is now the biggest debtor nation so it does not have much spare debt capacity to keep blowing the bubble.

"Human Freedom Rests on Gold Redeemable Money" by Howard Buffett: https://www.fgmr.com/wp-content/uploads/2017/02/Howard-Buffett-explains-sound-money-4-May-1948.pdf

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