You Can Make Drastic Cuts, But the U.S. Still Faces This One Huge Problem
You Can Make Drastic Cuts, But the U.S. Still Faces This One Huge Problem
Daniela Cambone: 12-9-2024
"The snowball on the debt through the interest rates and the interest cost on the national debt is growing so fast that even drastic measures won't make it disappear," warns Joseph Brown, host of Heresy Financial.
In this discussion, he delves into the pressing debt issues facing the U.S. and explains why owning tangible assets like gold is imperative as a hedge against the devaluation of fiat currencies.
Brown also highlights the success of Javier Milei's reforms in Argentina, emphasizing how reducing government size and slashing spending curbed inflation and sparked economic improvement: "What Argentina shows us is that by slashing government spending and deregulating, you free up resources, and the economy can start to boom again."