CRASH INDICATORS: Deficits and Debt do Matter By Lynette Zang

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For the first four months of the current fiscal year, the US Federal Budget deficit exploded up 77% from the same period last year, reflecting the impact of tax breaks and greater government spending. Deficit spending is currently running at 4% of GDP, which is 38% higher than the long-term average deficit spending. But it does not reflect the cost of running deficits. For that, you must look to debt to GDP, which is currently running 105.4% and consists primarily of compounding interest.
In fact, according to the Congressional Budget Office (CBO) March 2019 report, moving forward, they expect annual deficit spending to increase by an average of 51% YOY and that does not include interest payments. Put into perspective, that would be like you spending more than you make and funding it with credit cards, as compounding interest on those credit card balances continues to grow.
Globally, while central banks have been taking on more local debt, many have been divesting themselves of US Treasuries. At the same time, many central bank gold holdings are now at levels last seen when we were still on the gold standard. What does that tell you? In my opinion, enough risk has been transferred. Central banks are getting ready, are you?

And if you want to actually DO about all of this, that's what we specialize in at ITM Trading. How do you protect your wealth for the next collapse and financial reset?

Yes Gold and Silver, but what types? How much of each? What strategy?

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By ITM Trading's Lynette Zang

ITM Trading Inc. © Copyright, 1995 - 2018 All Rights Reserved.

[robbevington]

11:22 really hit home for me for some reason

[stephenjones]

1 yr bond yield is higher than 2-3-5-7yr bond

[georgekirk]

Social Security is not an entitlement, its something I've been paying for my entire life....

[hammerhome]

We place our security in the hands of those who created a virtual world of nothing backed by nothing..

[workwithnature]

Lynette love the show,
Could they not all agree to take a haircut on that debt? You know cut it by half and just print more money.

[wegder]

Trump proved that deficits don't matter, the more you borrow the richer you are.

[Mikesorrento]

Albert Einstein once said that the most powerful force in the universe is compounding interest.

[russellrodriguez]

What are your thoughts on lawful money?

[vernonbuford]

Great report. I’ll be in Phoenix in May and I’ll stop by to see y’all at ITM.

[Dave.S.TT]

just subscribed...Thanks! Look fwd to seeing next video

[RR-jskl]

Save in gold so you have something left for your retirement.

[Ron]

Agree we are close to the end. Short-term Treasurys paying more than some longer term. Investors will not touch these bonds at their current pitiful yields. Fed in deep you know what. Critical mass fast approaching.

[Mrjanthony]

AARP ARTICLE
AARP NEVER mentions buying gold or silver. Why Not? 
Thought this article from AARP Magazine March 2019, was interesting and funny in that, as usual, it is written in a way that ( most of article's tips )goes against 
everything we've heard and what we know we OUGHT NOT DO. I typed it in it's entirety only changing numbers to a number instead of typing out the number.

The Financial Manager, David Mendels:
David Mendels, 67, is the director of planning at Creative Financial Concepts LLC in NYC.

1) Diversification is your safety net:
In times of market turmoil, a concentrated portfolio puts you in the most jeopardy. Make sure your money is spread among
different types of investments, like U.S. stocks, foreign stocks, bonds and publicly traded real estate stocks and bonds.

2) It is hard to plan for economic calamity:
The only way the market will stay down or not recover for a very long time, is if there is a truly catastrophic economic situation.
But you can’t really plan for that. And if it happens, even cash under the mattress isn’t that safe.

3) Think twice before paying off that mortgage if it uses up lots of cash:
Maybe you should take out a new one before you retire. Farmers talk
of being land poor. They have valuable property but sometimes they
don’t have the money to buy seed. Retirees may have a similar problem
if they use too much of their available cash to pay off a mortgage.

4) Don’t panic and sell too early;
This is how most people get hurt by market turndowns. Panic is your biggest enemy.
The best way to combat that is to make sure the funds you need in the next 3-5 years
are invested in boring stuff, like a bank account, short-term CD, treasury bill or note, or money market fund.

5) Don’t get overconfident either.
All investors have to be ready for occasional rough patches. The 4 most dangerous words when the
markets have been strong for a long time: “ This time it’s different.”
David Mendels, 67, is the director of planning at Creative Financial Concepts LLC in NYC.

[Mikesorrento]

Rates normalize to neutral at 5%, debt interest = $1, 000, 000, 000, 000+ annually. That spells big trouble. God forbid rates go to 10% or higher. I recall rates at 17% back in 1979.

[stephenjones]

This is what happens when a government, weather state or federal, is allowed to spend more than they take in.

[iracknads]

When I listen to Lynette, I get these "pangs" like I've been through all of this before. I feel like, in a past life, I was extremely affected by a setup and crash quite like this one. I was born in '64, the last year they made real money of any kind. That was always important to me.

[ghettomedic]

We need a new government. And new amendments to protect the people from the banks and billionaires, and force financial accountability on the Congress. Of course congressional term limits and that Congress must live by laws it passes, and you can't vote for other people to support you, either individual or corporate, and Congress is never allowed to lobby, ever. Without a financial bill of rights, amendments to reign in congressional corruption this country is doomed to be a slave state.

[jacktheripper]

Just remember that the criminal Federal Reserve can print (at no cost to itself) all the US $$$ it wants and buy anything that is for sale on the face of the planet earth. What a deal!

[pauliusmatiusovas]

Japan is there for 38 years now up and down and sideways. And BoJ owns half of theirs everything..

[yu-jdjg]

Until the proverbial, last straw breaking the camel's back