A recession would put indebted governments everywhere to a stern fiscal test https://t.co/K369Y74MH8 ...

RT Nick Szabo (@NickSzabo4)National or federal governments can't bail it out a 1929 level crash this time, without causing hyperinflation, because government debt is the biggest bubble of all, at far higher levels than in 1929. So if a crash does happen all the lessons "learned" by Keynesians in 1929 will make things worse not better. ...

Government Debt - The US government's debt reaches 38 trillion USD [1]

Government debt is one of humanity’s great inventions. It allows societies to store wealth, fight crises and build for the future. The magic of borrowing, though, comes with a temptation https://t.co/cf7DNFL0XU ...

Government Finance & Inflation - Governments are spending excessively [1] - Inflation is presented as a likely consequence of current government fiscal policy [1] - The report warns of the potential harm caused by inflation [1] Economic Policy - Politicians are urged to consider the long-term implications of their actions [1]

Governments are living far beyond their means. Sadly, inflation is the most likely escape https://t.co/TNi2ZSdDa2 ...

Crypto and gold can't match the warm comfort of government-stamped debt, writes @marcusashworth (via @opinion) https://t.co/9SgnjJzDYI ...

Bridgewater founder Ray Dalio warned that US government debt is rising too quickly, fueling a climate like the years before World War II https://t.co/P2SOD2dtVm ...

Nigerian banks are planning to focus on their core business of lending as yields on government debt decline https://t.co/upKg5mQbX2 ...

Core Viewpoint - The recent surge in gold prices, surpassing $4,000 an ounce, indicates a declining trust in central banks and fiat currencies, with gold being viewed as a hedge against economic instability [1][4][10]. Group 1: Gold Market Dynamics - Gold's rally is occurring alongside rising stock prices and a relatively stable dollar, suggesting a complex market environment [2][4]. - The current gold price increase may be influenced by speculative behavior, similar to trends seen in cryptocurrencies and AI stocks, indicating a potentially frothy market [3][7]. - Gold has traditionally served as a hedge against a weak dollar, but the current rally may also reflect concerns about other fiat currencies, such as the Japanese yen, amid global economic uncertainties [4][9]. Group 2: Economic Context - High levels of government debt globally, with Japan around 200% of GDP and the U.S. nearing 100% of GDP, contribute to fears about currency integrity and central bank policies [8][9]. - The political landscape, characterized by populist movements and a lack of political will to address fiscal issues, raises concerns about future economic stability and inflation [9][10]. - The potential for governments to monetize debt and inflate their way out of economic challenges is seen as a significant risk factor for currencies and a driving force behind gold's price increase [8][9]. Group 3: Broader Implications - The rise of gold as a reserve asset, surpassing the euro to become the second largest global reserve asset after the dollar, highlights a shift in investor sentiment towards safer assets [15].