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Would You Loan This Guy Money?

Imagine your buddy makes far less money than he spend every month. He has run all of his credit cards to the limit and yet keeps borrowing and spending as if he were a rich man.

Would you loan him more money?

By the way, the person in the scenario is Uncle Sam.

In this episode of the Midweek Memo, Mike Maharrey takes a deep dive into the U.S. financial situation and reveals that, despite what many people would like you to believe, everything is not fine. He highlights the extent of the debt and why it matters.

In this episode, Mike also explains just how much gold there is in the world. (It's probably not as much as you think.)
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Sound Money Defense League News
Stefan Gleason is President of the Sound Money Defense League, a national grassroots lobbying organization working to restore gold & silver to their historical role as America's constitutional money. He also leads Money Metals Exchange, a national precious metals dealer with over 50,000 customers. Gleason has frequently appeared on national television networks such as CNN, FoxNews, & CNBC, & his writings have appeared in hundreds of publications such as the Wall Street Journal, TheStreet.com, Seeking Alpha, Detroit News, Washington Times, & National Review.
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