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U.S. Debt Surges Past $37 Trillion, Economists Warn of Looming Fiscal Crisis

The U.S. national debt has hit a historic $37 trillion, just eight months after surpassing $36 trillion and a little over a year after crossing $35 trillion. Treasury data shows debt held by the public is projected to reach 99% of GDP this year, with interest costs alone nearing $1 trillion annually. Economists warn that the pace of borrowing is unsustainable, likening the debt’s size to the combined economies of the Eurozone and China. Calls for immediate budget reforms are growing to avoid a potential fiscal emergency. Read More. 

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Kiyosaki Warns of ‘Greater Depression,’ Urges Shift from Stocks to Gold, Silver, and Bitcoin

Robert Kiyosaki, author of Rich Dad Poor Dad, is warning Americans with stock-heavy 401(k)s and IRAs that the U.S. could be on the verge of a “Greater Depression” akin to 1929. Citing America’s soaring $36.83 trillion debt and claims that investors like Warren Buffett and Jim Rogers have sold large portions of their stocks, Kiyosaki advises moving into safe-haven assets — specifically gold, silver, and Bitcoin. He predicts gold could reach $3,700 and Bitcoin up to $1 million, while also promoting income-producing real estate as a hedge against economic collapse and inflation. Read More.