Harvey, Irma, Jeopardy, and Knox - Gary Christenson

Sep 13 16:09 2017 Print This Article

September 13, 2017

It’s simple: H – I – J – K tells the story.

Harvey: Estimate $100 billion in damages from

Hurricane Harvey. Insurance helps some and costs others. As a nation it

still hurts by $100 billion.

Irma: Estimate $100 billion in damages from

Hurricane Irma. Insurance helps some and costs others. As a nation it

still hurts by $100 billion.

Jeopardy – Triple: Debt, Deficits and the Dollar. Debt up, dollar down!

Debt and Deficits: The

hurricanes will cost the U.S. government and economy many $ billions and

increase the national debt and deficit. There is no plan to reduce

other spending to compensate. Just borrow baby! Borrow more and more.

What could go wrong? Spending is out-of-control, and that was before two

Hurricanes and before the U.S. ramps up military spending, more wars,

Read More

About Article Author

Sprott Money

Established in February 2008, Sprott Money Ltd. is a leading precious metals wholesale, institutional and retail dealer selling gold, silver and platinum bars, coins and wafers online and over the phone. Sprott Money's storage program gives clients the ability to store their precious metals in multiple storage facilities located in Canada, the United States and internationally. Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

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