Is the rise in Bitcoin and gold price foreshadowing further debasement?

exchange68September 13, 2024

0 1 2 minutes read

The Treasury General Account (TGA) is crucial for managing the U.S. government’s cash flow and spending activities. Recent data reveals a concerning trend: the TGA is dropping rapidly, with $50 billion lost this week and $130 billion this month. Daily statements report a mere $87 billion left in the account, and new tax receipts aren’t outpacing the runoff created by ongoing government spending. With the potential for the FDIC to become unable to insure deposits and a government shutdown looming, what can we expect next? Are Gold and Bitcoin already sensing the upcoming debasement of the currency? Find out how this situation could impact the financial landscape…

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