With not much else to do on an otherwise quiet U.S. market holiday Monday, let's have some fun with a new kind of Hat Contest that's focused upon the exponentially-growing U.S. national debt.
The idea for this contest came from our old friend and longtime contributor, AGXIIK. He wrote me a few weeks back after the election and suggested that, since total debt levels are certain to continue soaring in the months ahead, we should have a contest regarding the date the debt passes $30,000,000,000,000. He even offered to supply the prizes!
To win, all you have to do is guess the date and time (U.S. Pacific Time Zone) that the total U.S. national debt surpasses the $30T level for the first time. The "official" measurement for this contest will be the debt clock found at this site: https://www.usdebtclock.org/index.html# Here's a screenshot I took a few minutes ago:
What are the prizes you ask? Well, let's just say that our friend AGXIIK is very generous.
- The winner will receive TEN shiny silver Canadian maples
- Second place will win FIVE shiny silver maples
- Third place will get THREE shiny maples
You have nothing to lose and some very nice shiny to gain so why not play along? All you have to do is enter a date and time as your guess and we'll do the rest. Please use the comments section of this thread as your entry form and I'll close the contest comments at 11:00 am ET on Tuesday...about the time I usually post my morning update.
Have fun and many, many thanks to AGXIIK for his willingness to sponsor this contest!