Ray Dalio calls it a 'debt death spiral' - the phase where a country borrows just to service existing debt, pushing rates higher until the currency breaks. Garrett Goggin, called 'the most knowledgeable gold investor in the world today' by Porter Stansberry, says the U.S. has entered that phase now.

On April 16th, the Treasury posted one of its weakest auctions on record. Ten-year yields keep threatening 4.4%. Former Treasury Secretary Hank Paulson's warnings are growing louder. Goggin has identified four gold miners he believes are positioned for what comes next.