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USA DEBT -   $31.5 trillion and rising What does the government do to manage the debt, inflation, taxation and theft! Wow! $31.5 trillion! That’s the current size of the US federal debt. Putting it another way, it’s more than $94,000 per US citizen. Or, another way, it’s the same as the combined economies of China, Germany, Japan and the UK, according to the US Peterson Foundation. The foundation helpfully adds that if every US household paid $1,000 a month it would take more than 19 years to eliminate the debt. Interest payments on this debt cost more than $1 billion a day. America is running on fumes – the only significant question is how long before the engine stutters and packs up. Certainly, not all debt is bad, either individually or nationally. Taking on debt to buy a home, to get education, to grow a business, can all be sensible decisions and can help grow the national economy. But borrowing to buy assets that lose value over time, such as a car, is not such a great i...

  Glint - Gold Backed Debit Card https://www.glintpay.com   Manage your gold-backed debit card from a friendly app, Glint is a good option. UK based company who makes buying gold easy for new investors with a small nominal charge of .5% on all gold and silver purchases and fiat currency exchanges. With inflation being higher for longer is it a good idea to have a credit card that keeps gold and sells a fraction every time you use your credit card.  Historically the price of gold has kept up with inflation.  With most world banks in debt or it is very difficult to meet obligations in the future is this a credit card to own in the future.

BNPL - Buy Now Pay Later  This is a method to buy products now and pay them back over a few months with or without interest.  You need to calculate how much you are paying monthly and when payment ends so that you do not overstretch yourself. BNPL - Klarna Klarna, in addition to pay-in-four transactions, you can also take advantage of pay-in-30 and six-month financing. Pay-in-30 from Klarna allows you to buy items today, return what you don't want, and pay only for what you keep. If you make your monthly payments on time and in full with one of Klarna's interest-free payment plans,  there is no catch . But similar to using a credit card, it's easy to overcharge. If you fail to make your payments, Klarna may consider the loan defaulted and send the loan to collections. To open an account with Klarna, there will be a soft inquiry on your credit report. This will not affect your credit score, but it may mean that some potential customers could be declined for poor credit or ...

  2022 was an awful year for investors in most assets, including property. In the US new mortgage applications in Q3 of 2022 were down 47% year-on-year ; in the UK house prices fell by 2.3% month-on-month last November, the biggest drop since 2008. In Sweden home values have drop by 15% from their peak early in 2022 ; German house prices were forecast by Deutsche Bank at the start of December to drop by up to 25% So where could you have turned to, to protect your wealth? Perhaps look to central banks, which accumulated more gold than at any time in the past 55 years. It’s almost as if central banks were laying in stores for an expected coming storm. Some analysts see the bigger central bank gold-buying as delivering a pointed message – they don’t want to be too exposed to the US Dollar. Russia’s central bank had more than $150 billion of US Treasuries in 2012; today it’s around $2 billion, while its gold holdings have risen to more than 1,350 tonnes. And while most other asset clas...