ilmscore | The US Debt Collapse Just Started – Gold Is Sounding The Alarm

Predictions from this Video

Total: 12
Correct: 5
Incorrect: 4
Pending: 3
Unrated: 0
Prediction
Topic
Status
The Federal Reserve Bank published an article in August 2025 discussing the revaluation of the US government's gold reserves.
"the Federal Reserve Bank posted an article on their website talking about revaluing our gold reserves."
Gold Prices
Incorrect
The Federal Reserve suggested revaluing the US government's gold reserves, currently held at $42.22 per ounce, to $3,300 per ounce.
"The Fed is quote considering revaluing the government's 261.5 million troy ounces in gold. ... According to this article by the Fed, they suggested revaluate at $3,300 per ounce."
Gold Revaluation
Incorrect
Revaluing gold reserves at $3,300 per ounce would increase the US government's gold asset value from $11 billion to approximately $860 billion, an increase of $850 billion.
"And now the United States government is not sitting on 11 billion worth of gold. It is now sitting on around $860 billion worth of gold. We're talking about an additional $850 billion worth of value by doing nothing except changing some numbers on our financial statements."
US Government Gold Reserves Value
Incorrect
The Federal Reserve Bank can create money and lend it to the US government to finance deficit spending.
"And the number four is our central bank, the Federal Reserve Bank. ... they have the ability to create money out of thin air. They can print this money and then lend it to the United States government."
US Government Debt Financing
Correct
An increase in the monetary supply leads to a decrease in the value of each dollar, resulting in higher prices for goods and services.
"Because what's happening is you were inflating the monetary supply. We're increasing how many dollars are out there causing the value of each dollar to go down, which then as a result causes the prices of things to go up."
US Dollar Value
Correct
BRICS nations (Brazil, Russia, India, China, South Africa) are actively working to reduce their reliance on the US dollar and bolster their own currencies.
"There are certain countries around the world, notably the BRICS countries, that's Brazil, Russia, India, China, and South Africa that are trying to move away from the United States dollar and building a pact to try to strengthen their own currencies."
De-dollarization Efforts
Correct
Central banks globally are purchasing gold at unprecedented rates.
"central banks around the world have been buying up gold at some of the fastest rates we have seen in many decades."
Foreign Central Bank Gold Purchases
Correct
In 2025, the US government is projected to have $2 trillion in deficit spending, representing approximately 6.7% of the estimated $30 trillion GDP.
"And so in 2025, our GDP is expected to be around $30 trillion. ... the government is going to spend around $7 trillion in the year 2025, which is a big contributor to the GDP. And $2 trillion of that 7 trillion that the government's going to spend is deficit spending. Which means the deficit is about 2 trillion of the $30 trillion."
US Government Deficit Spending
Incorrect
A hypothetical cessation of US government deficit spending would lead to a 6% contraction in GDP, from $30 trillion to $28 trillion.
"Which means if the United States government were to hypothetically stop overspending and overpaying for things that they don't have money for, that would means that our GDP would fall in theory to $28 trillion because you just take out the $2 trillion of deficit spending, which means our GDP is now $28 trillion, which would mean that our economy would essentially shrink by 6%."
Economic Recession Risk
Pending
Reducing government spending could result in a recession 50% larger than the 2008 recession.
"if we were to cut back all this government spending, we would see a recession 50% bigger than 2008."
Economic Recession Comparison
Pending
The US national debt currently exceeds $37 trillion.
"The United States government owes more than $37 trillion."
US National Debt
Correct
Donald Trump has proposed a new plan involving gold and cryptocurrency to address the US national debt.
"President Trump has been proposing a new plan to help pay off this debt involving gold and involving crypto."
Trump's Debt Reduction Plan
Pending