The Bill Is Coming Due! SchiffGold Friday Gold Wrap 08.11.23

Credit cards are great until the bill comes due. And the US economy has about maxed out the plastic. The Federal Reserve incentivized borrowing and the economy is buried under trillions of dollars in debt. As Friday Gold Wrap host Mike Maharrey explains in this episode, the bill is about to come due. He also goes over the July CPI data and digs into some of the ramifications. You can visit the show notes page here: https://bit.ly/3Ov8u0q Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news. TOPICS DISCUSSED -US credit rating downgraded -Moody's downgrades bank credit ratings -How the Fed blew up a massive debt bubble -The bill will come due -July CPI breakdown -Price inflation is down but not out