Bank of America Warns Of US Economic Disaster As US Debt Reaches All-Time High

The Congress of the United States has spent so much money that our national debt is now $35.73 TRILLION, which is up half-a-TRILLION dollars in three weeks… WEEKS!

Like a Trillion $ every 3 months plus handouts to illegals, students, and Ukraine.

They are Bankrupting the entire nation - deliberately. Election Day is next month. Unless the American people oust these elected officials, there won't be a country left.

The answer, according to Bank of America’s latest report, is simple. Gold is now the ultimate safe bet. The metal has already shot up more than 30% this year thanks to a variety of factors.

Interest rates are falling, central banks are buying up gold like it’s going out of style, and U.S. retail investors are jumping on the bandwagon. It’s a gold party all over.

The debt situation has gotten so bad that neither of the two leading US presidential candidates (Kamala Harris and Donald Trump) has a plan to fix it. Certainly not one they’ve shared with the public.

Bank of America has set a price target of $3,000 for gold.

But even with the US debt now exceeding 120% of GDP, gold’s volatility makes it unlikely to fully replace Treasury bonds in the minds of most investors.