Philip Patrick

We can't borrow cheaply anymore.

We can't pay it back honestly.

And we can't grow it fast enough to escape it.

That is checkmate.

And I think gold ultimately is the solution.

And look,

I talk to clients a lot about our position, right?

We got a world running away from our debt.

So demand for the dollar is waning.

At the time we have a $37 trillion debt pile.

We're going out to the world every single day

asking them to loan us money, and they're commanding higher interest rates.

And what I say to my clients is, look, it's common sense, right?

If I'm asking you for a loan, you say, let me look at your books, right?

And I'm spending 50% more than I bring in every single year.

You're either not going to lend me the money anymore, or you're going to demand higher interest rates to do it.

Now, this is where the analogy falls short.

But imagine I'm printing money to pay back the loan and in the process devaluing every penny in your savings account.

Then I'm threatening to seize your savings account, give it to your worst enemy to throw eggs at your house.

It doesn't make sense anymore.