(Mike Maharrey, Money Metals News Service) In the closing chapter of this Midweek Memo episode, host Mike Maharrey turns to federal deficits, national debt, inflation, and the reasons investors look to precious metals. He says budget figures often provoke a brief reaction of shock, followed by a shrug. Even as deficits grow, many people assume they do not matter because the economy has continued to function.
Maharrey acknowledges why that response can seem reasonable. The United States has run large deficits for decades, and daily life has carried on. But he argues that the effects of borrowing can accumulate over time. A problem that develops gradually may not feel urgent until it begins to affect confidence in the dollar, the government’s ability to borrow, and the purchasing power of household savings.
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