First published by Money Metals here:
https://www.moneymetals.com/news/2017/06/05/us-insolvency-hard-to-ignore-001087
Several U.S. states and the federal government are hopelessly insolvent. It’s something many bullion investors have known for years. The real question is when this reality will pierce the mainstream illusion that deficits, and the crushing pile of debt which accompany them, don’t matter.
