_{ECONOMIC NEWS}

Elon Musk Highlights Widespread Misunderstanding of America's National Debt

Elon Musk has raised concerns about America’s soaring national debt, now exceeding $36 trillion, and criticized the widespread lack of awareness about its implications. In a series of posts on X, Musk stated that many people are unaware of the existence or scale of the national debt, with few understanding its connection to inflation or the burden of rising interest payments, which now surpass military spending.

"Excess government spending causes inflation," Musk emphasized, warning that if the debt issue isn't addressed, all tax revenue could be consumed by interest payments, leaving no funds for other government programs. He also cautioned that unchecked debt could lead to the dollar losing its value entirely.

Musk, along with entrepreneur Vivek Ramaswamy, has been tapped by President-elect Trump to co-lead the Department of Government Efficiency (DOGE). This initiative aims to reduce government waste and implement large-scale structural reforms with an entrepreneurial approach. Musk and Ramaswamy clarified in a Wall Street Journal op-ed that they will serve as outside volunteers, not federal employees, to drive these changes. Read More.

_{FINANCIAL NEWS}

Will Gold's U.S. Market Share Quadruple? Rick Rule Explains the Impact on Gold Prices

Veteran investor Rick Rule, President & CEO of Rule Investment Media, argues that the U.S. may need to rely on inflation to reduce the real value of its debt obligations, similar to the approach taken in the 1970s. Speaking at the New Orleans Investment Conference, Rule highlighted how inflation in that decade eroded the dollar's purchasing power by 75%, coinciding with a surge in gold prices from $35 to $850 per ounce.

"The U.S. will honor its debts in nominal terms but inflate away their real value," Rule explained, noting that the federal deficit has grown by $1 trillion in just a few months. This creates a strong bullish case for gold and other commodities like uranium, copper, and energy.

Gold, in particular, remains underrepresented in the U.S. market, with only 0.5% of Americans investing in the metal. Rule predicts a fourfold increase in gold demand if it reverts to its historical market share, potentially driving prices to $10,000 per ounce.

Rule is also bullish on energy, especially Canadian oil and gas producers, citing expected deregulation under the new administration. Similarly, uranium stands out for its long-term contract stability, making it a compelling investment. Copper, facing supply constraints and growing global demand, could also see significant price increases unless a recession curbs consumption.

These dynamics make commodities an attractive hedge against inflation and economic uncertainty, according to Rule. Read More.