DISCLAIMER: GOLDINVESTMENTCOMPANIES.COM IS AN AFFILIATED PARTNER FOR GOLDCO PRECIOUS METALS, AUGUSTA PRECIOUS METALS, AND BIRCH GOLD GROUP, PROMOTING THEIR GOLD IRA, GOLD 401K TRANSFER AND BITCOIN IRA SERVICES AND PRODUCTS.
FREE GOLD INVESTMENT GUIDE: https://noblegoldinvestments.com/gold-silver-ira-lp-v2/?offer_type=gold&affiliate_source=affiliate_ytnoble
OPEN AN ACCOUNT TO START INVESTING IN GOLD https://bit.ly/3lQAaNv
WEBSITE: https://noblegoldinvestments.com/
*DISCLOSURE: Noble Gold Investments or any of its employees are not certified, financial advisors. Opinions, information, tips, and all contents expressed are for information purposes only.*
#goldinvestmentira #securefinancialfuture #investmenttips
_____________________________________________
Welcome to the national debt series. In the first part, we talked about the basics, why the US gets into debt and how.
Now, let’s look into the biggest US Debtors and how that can affect investors like us.
By the end of 2021, the federal government had $28.43 trillion in federal debt. While the $30 trillion figure, by itself, doesn’t seem to mean anything, it will help if we peg it against certain measures.
First, Social Security is the government’s biggest debtor… by a long shot. Social Security trusts held $2.908 trillion in Treasurys as of 2021. The next largest agency was the Military Retirement Fund at more than $1 trillion. Other large holders of debt include the Office of Personnel Management Retirement, and Medicare.
Listen and listen well… If you were to add the debt held by Social Security and all the retirement and pension funds, almost half of the U.S. Treasury debt is held in trust for retirement. Current and future retirees would be hurt the most if the U.S. ever defaulted on its debt.
That’s you, your partner, parents, your kids…that’s every American.
Next is the public debt. Public debt is about as large as the economy. In a decade or less, it’ll be larger than any time since World War II. Imagine yourself. You own $5000 in assets but you also have a debt of $5000. That’s where our entire country is right now.
We owe Japan more than $1.3 trillion in U.S. Treasurys. It is the largest foreign holder of the national debt. The second-largest holder is China. We owe them $1.07 trillion. Third place is UK at $699 billion. The good news is that both Japan and China want to keep the value of the dollar higher than the value of their own currencies. This helps to keep their exports to the U.S. affordable, which helps their economies grow.
The United States’ ratio of debt to GDP, the measure most commonly used to gauge a country’s level of indebtedness, places it among the most indebted countries in the world.
According to data gathered by the World Bank last year, the country with the world’s highest debt-to-GDP ratio is Japan, which carries debt equivalent to 257% of its economic output. Other developed economies with very high debt-to-GDP ratios include Greece, at 207%, and Italy, at 155%.
The US comes in at 12th place with a ratio of 133%.
Here is the kicker. $30 trillion in debt is beyond ridiculous but most politicians don’t really care. Why? Because they won’t be paying for it.
_____________________________________________
CONNECT WITH US ON SOCIAL:
Instagram: instagram.com/noblegoldinvestments/
Facebook: facebook.com/noblegold/
_____________________________________________
gold stocks
buying gold
gold etfs
gold price history
gold bullion
silver stocks
buying gold near me
historical silver prices
gold barrick
gold investment
buying gold bars
gold panning
silver stocks price
best gold stocks
buying gold online
buying gold coin
buying gold and silver
gold bullion price
buy gold stocks
gold fields
gold stocks etf
gold a good investment
gold price history chart
buy gold bullion
gold bullion for sale
mining stocks
gold mining etfs
buying gold and silver near me
gold panning near me
mining stocks
gold dredging
gold ira
silver miner stocks
gold mutual funds
best way to buy gold
best way to buy gold
gold commodity
gold fund
best way to invest in gold
gold bullion bars
investing in precious metals
purchase gold
best silver stocks
bullion dealer
best gold stocks to buy
gold historical chart
best way to invest in gold
best gold stocks to buy
investing in gold and silver
buy physical gold
gold stocks to invest in
find bullion prices
goldcorp stocks
gold etf prices
historical platinum prices
mining claims
goldcorp stocks
gold ira companies
invest in gold stocks
gold etfs to buy
silver to gold ratio history
gold companies
gold futures investing
best gold mining stocks
gold stocks today
gold bullion coin
historical silver chart
precious metals ira
precious metal ira
gold shares
gold and silver bullion
cheap gold stocks
gold and silver stocks
buying bullion
gold spot price history
gold price per ounce history
should i buy gold now
gold ira rollover
gold price investing
gold ira rollover
bullion prices
bullion bank
purchase gold bar
buying gold with bitcoin
buying gold bars online
gold price history 2019
gold coin investment
best gold investment
