Debt Downgrade Could Be Catastrophic | Mario Innecco

The U.S. debt ceiling is fast approaching. While debt ceiling negotiations are often political theater, a debt downgrade could be bad news for the markets. The U.S. is unlikely to outright default. Instead, the U.S. will continue to devalue the dollar, in essence, a de facto default. Mario Innecco joins us to discuss the debt crisis along with the shrinking M2 currency supply.

Mario Innecco online: https://www.youtube.com/maneco64

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INTERVIEW TIMELINE:
0:00 Intro
1:30 M2 currency supply
12:01 Debt ceiling
22:13 China buying gold
27:03 Silver vs gold
29:40 Maneco64
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