Our Gold Guy
No Result
View All Result
Saturday, February 4, 2023
  • Home
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us
Our Gold Guy
  • Home
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us
No Result
View All Result
Our Gold Guy
No Result
View All Result
Home Finance

Biden’s Infrastructure Bill Part of Green New Deal, Jacks Up Debt

by Mike Gleason
August 6, 2021
in Finance
Biden’s Infrastructure Bill Part of Green New Deal, Jacks Up Debt

As the U.S. Senate moves closer to passing a trillion-dollar spending bill that includes some infrastructure priorities, critics are warning that the public is being taken for a ride.

President Joe Biden and his allies in Congress have actually claimed that the new spending won’t add to the national debt or increase pressures on inflation. Treasury Secretary Janet Yellen pitched the package as an investment in the economy.

It’s certainly true that much of the nation’s infrastructure is badly in need of upgrades. Roads, bridges, pipes, and airports across the country are in poor shape.

But the proposed spending includes lots of things that have nothing to do with actual, physical infrastructure improvements. The Wall Street Journal slammed it as a step toward a Green New Deal.

IRA BERSHATSKY LOVES AMERICA – Most precious metals companies are run by wokesters. Ira’s is not. He is unabashedly AMERICA FIRST and can help you move wealth or retirement to physical precious metals with a gold or silver IRA, or just get metals discreetly shipped to your door. Contact him now.

And it’s not all paid for through budgetary gimmicks, either. The nonpartisan Congressional Budget Office reported on Thursday that the infrastructure bill in its current form would increase federal budget deficits by $256 billion over 10 years.

So as with other forms of government spending, it will be paid for by creating new debt and inflating the currency supply.

Republican Senator Mike Lee of Utah blasted the bill’s fake “pay for” provisions and predicted higher inflation rates ahead.

Sen. Mike Lee: And there are lots of good things in this bill that will help a lot of good people, that are well-deserving. Sometimes when you get so wrapped up in that, it’s easy to lose sight of the fact that the pay-fors are fake. But if we weren’t going to provide real pay-fors, then we should have just seen from them an admission from the outset. We’re not going to pay for it. And instead they said, “It’s going to be paid for.” And then they released it and said, “It is paid for,” only there are some asterisks next to that, some footnotes that reveal that according to a lot of research that’s been done on it, as much as half of the pay-fors are just fake. Rising deficits and the mounting debt that we’ve accumulated is not just a future problem, it’s a present problem. We’re seeing inflation, the likes of which we haven’t seen in decades. And I strongly predict, by the time the latest inflation numbers come out just a week or two from now, we’re going to see that it’s even worse.

Inflation this year has been much higher than the Biden administration and the Federal Reserve had predicted. But in recent weeks a massive disconnect has emerged in the bond market, where yields are falling rather than rising.

The 10-year Treasury yield dipped below 1.2% this week.  Perhaps bond buyers are convinced that inflation pressures are transitory and that consumer prices will barely budge over the next decade.

Or perhaps the bond market is reflecting some other reality. Expectations that the Fed will continue to be the largest buyer of Treasuries may be overriding any concerns about inflation and negative real yields.

A surprising lack of inflation fear is also being reflected in the precious metals markets – at least in this summer’s trading.

Our Gold Guy America First

Precious metals investors will need to keep a long-term perspective through these choppy market conditions. Markets are inherently unpredictable from day to day. But if the goal in acquiring physical bullion is to beat inflation and maintain or grow purchasing power over time, then there are trillions of reasons to keep accumulating.

The government officially owes $28.6 trillion on the heels of a record a record $3.4 trillion budget deficit.

Treasury Secretary Yellen announced Wednesday she would be pursuing emergency measures to raise $126 billion and avoid breaching the Congressionally imposed debt ceiling.

The Treasury’s accounting maneuvers will, for now, avert a disastrous debt default. And, like so many times before, Congress will eventually raise the debt ceiling to enable more Biden administration borrowing

To expect politicians to ever impose meaningful fiscal discipline on themselves is to ignore all recent history. Regardless of whether Democrats or Republicans happen to be in charge at any given time, the spending never stops and the debt always expands.

That doesn’t mean Washington can continue running up red ink in perpetuity without serious consequences. The ultimate consequence may be a currency crisis as the Fed’s own ongoing extraordinary measures of buying up government bonds trigger a slide in confidence in the U.S. dollar itself.

Since Federal Reserve Notes are no longer backed by gold or silver or anything tangible, maintaining their value is literally a confidence game. Of course, having the world’s largest economy and military with global trade conducted mostly in dollars, combined with the IRS’s power to tax in dollars, goes a long way toward bolstering confidence that lots of people will continue to need dollars.

Thanks to its privileged position on the world stage, the U.S. has been able to forestall a currency crisis for longer than many sound money advocates would have thought possible. But as the country’s debt rises faster than its GDP and interest rates remain artificially depressed below the inflation rate, the value of the currency has nowhere to go but down.

No emergency accounting gimmicks by bureaucrats or fake “pay fors” by politicians will be able to bail the system out from what’s coming. All they can do is try to keep kicking the can down the road. But the end of the road may be approaching.

Investors need to be prepared for what happens next.

A sharp rise in inflation has already occurred over the past year as a result of expansionary fiscal and monetary policies. While Fed Chairman Jerome Powell assures the recent inflation spike is just “transitory,” the government’s borrowing binge is more aptly described as intractable.

There is no political will to stop the deficit spending or pay down the national debt.  And there is no way for officials to maintain their growing debt load other than by inflating the currency supply.


Precious metals prices are low, making it the perfect time to transfer wealth or retirement into them. Gold in particular is at the best buying price in a very long time. Contact Ira and he’ll show you how easy it is move money or retirement into precious metals quickly.


The only question is whether they will be successful in engineering a gradual, orderly decline in the value of the dollar…or whether they will one day lose control as the currency collapses.

In either scenario, gold and silver markets can be expected to perform relatively well. But in the event that the dollar’s decline becomes disorderly, precious metals may be the only asset class that holds up well.

Image by Steve Buissinne from Pixabay. Article cross-posted from Activist Post.

The Biden Regime and Globalists Don’t Want You Owning Precious Metals

Look around. Things aren’t the way they should be. Between Pandemic Panic Theater, Ukraine, food shortages, and a push for Central Bank Digital Currencies, everything you’ve spent your life building and protecting is in jeopardy.

Precious metals are historically the most reliable and safest hedge against economic turmoil. With the Biden regime and globalists enhancing the chaos, it’s important for patriotic Americans to take control of their financial future.

Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.

Fill out the form here and we will schedule a precious metals consultation with Our Gold Guy, Ira.

Schedule a Precious Metals Consultation Today:

Tags: Activist PostEconomyFinanceGreen New DealInfrastructureJoe BidenTop Story


Learn more about RevenueStripe...

Bypass Big Tech Censors



Our Gold Guy



MyPatriotSupply


Sen. Manchin Criticizes Biden Administration’s Pushing of ESG Rules to Phase Out Fossil Fuels

Sen. Manchin Criticizes Biden Administration’s Pushing of ESG Rules to Phase Out Fossil Fuels

February 4, 2023
Helium Supply-Chain Failure Worries Hospitals, Crime Labs, Welders, and Even Balloon Retailers

Helium Supply-Chain Failure Worries Hospitals, Crime Labs, Welders, and Even Balloon Retailers

February 4, 2023
20 State AGs Issue Warning to Walgreens, CVS on Mailing Abortion Pills

20 State AGs Issue Warning to Walgreens, CVS on Mailing Abortion Pills

February 2, 2023

Recent News

Sen. Manchin Criticizes Biden Administration’s Pushing of ESG Rules to Phase Out Fossil Fuels

Sen. Manchin Criticizes Biden Administration’s Pushing of ESG Rules to Phase Out Fossil Fuels

February 4, 2023

Search

No Result
View All Result

Site Navigation

  • Home
  • Contact Us
  • Finance
  • Business
  • Economy
  • Politics

About Our Gold Guy

This site is dedicated to helping Americans learn more about the economy, business, and politics. Our nation is in turmoil on all three fronts. We want to make a difference.

© 2021 NOQ Report

No Result
View All Result
  • Contact Us
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us

© 2021 NOQ Report

Session expired

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.

>