Tag Archives: cutting government spending

U.S. Debt Should Double Within 7 Years – Gold Could Soar

The editor of Gold Newsletter, President and CEO of Jefferson Financial, Brien Lundin, said at the New Orleans Investment Conference in 2017 that historically, over the period of an eight-year term by a President, the Federal debt doubles. If that’s how it ends up this time around, it suggests the existing $20 trillion U.S. debt load will jump to $40 trillion in approximately seven years. The reality is raising taxes and cutting government spending has no chance of dealing with growing unfunded liabilities, even if there were […]

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U.S. Debt Will Double to $40 Trillion in 7 Years – Gold Will Soar

Speaking at the New Orleans Investment Conference recently, Brien Lundin, the editor of Gold Newsletter, President and CEO of Jefferson Financial, said the price of gold will likely to do the same at the end of 2017 as it did at the end of 2015 and 2016. That means the Federal Reserve will hike rates in December, and will be a catalyst to push the price of gold up in 2018. An increase in the gold price is “inevitable,” according to Lundin. The obvious reason for that […]

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