Doom and Gloom on the Horizon??

[Wake-up!]

The coming unhappiness with Trump and his team will not arise because of the actions they take. They will clearly do everything in their might to make America great again (in their opinion). But the probabilities are totally against them to achieve this goal. They are taking over power at a time when debt has grown exponentially since the 1970s. They are also assuming power of a country that has not achieved a proper budget surplus for well over half a century. Even worse, the US has not had a positive trade balance since the early 1970s. So here we have a country that has been living above its means for decades and has no real chance of changing this vicious circle. Trade wars and import taxes are unlikely to improve the situation.

The Federal debt is at $20 trillion and has been growing at the rate of 9% per year for the last 40 odd years. The forecast for the next four years is that the growth of the debt will accelerate. Total US debt is over $70 trillion or over 3.5x GDP. But that is just a fraction of the US liabilities. Unfunded liabilities are over $200 trillion (Social Security, corporate retirement plan, etc.). Add to that the real gross derivative position of US banks which probably at least $500 trillion. (Parentheses are mine)

See the rest of the article written by a Partner of an asset management firm in Switzerland;
https://goldswitzerland.com/pound-dollar-euro-and-yen-will-be-worthless-within-five-years/