The federal government debt rate hit a staggering $26 trillion.

That means an increase of $1 trillion in just one month!

With a gross domestic product of less than $20 trillion, the country now owes nearly 140% of its annual revenue.

Jerome Powell, President of the US Federal Reserve, stressed that they will support the economy by using any means necessary. and the QE will continue.

(Basically printing money without backing!)

As mentioned earlier, the US dollar has no way to escape from the fall, regardless of the physical demand it has during quarantine!

Gold on the other hand is likely to gain significantly from the devaluation of USD.

With S&P forming a new bear run, I think we can expect a new wave of panic and money moving towards safe havens like Gold and currencies like Swedish Krona.