The latest from USA Watchdog –
Bill’s Commentary:
“Filed under the category of “no shit Sherlock”, you didn’t see this coming prior to now?”
Goldman CEO Issues Warning as Interest Costs on America’s Ballooning Debt Exceed Spending on Defense, Medicare
Goldman Sachs CEO David M. Solomon is the latest business leader to sound the alarm on the Biden administration’s deficit spending, which comes as the cost of making interest payments on the United States’ ballooning government debt has exceeded spending in both the critical sectors of defense and Medicare.
“I think the level of debt in the United States [and] the level of spending is something that we need a sharper focus on and more dialogue around than what we’ve seen,” the investment banking chief told Bloomberg Television on May 13, adding that if something isn’t done to rein it the spending, it could create problems.
Bill’s Commentary:
“Michael Burry, “the Big Short” has just taken a position in gold. Welcome to the party, but what took you so long? Imagine had he put all of his 2008-09 profits into gold (which cannot bankrupt) back then when gold was sub $1,000?”
BillHolter.com 
Thank you pamelamoves@gmail.com
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