Monday, January 25, 2021

Tag: U.S. Public Debt Increases More In April Than During Entire 2019

U.S. Public Debt Increases More In April Than During Entire 2019

by Steve St. Angelo, SRSRocco Report:

The U.S. public debt increased at the fastest rate ever during April.  Due to the negative economic impacts stemming from the global contagion, the U.S. Treasury increased the federal debt by a whopping $1.3 trillion in a single month.

The additional $1.3 trillion of U.S. public debt during April would purchase approximately one-third of all the physical gold investment bullion in the world, which currently stands at $4.1 trillion. In just one month (April), Uncle Sam’s printing press or digital monetary liquidity could purchase 750 million oz of gold.  That 750 million oz of gold would be 67% of the total Central Bank Gold Reserves.