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IMF Warns Biden’s Fiscal Profligacy Poses “Significant Risks” To Global Economy ‘In Great Election Year’
IMF Warns Biden’s Fiscal Profligacy Poses “Significant Risks” To Global Economy ‘In Great Election Year’ The IMF said the the quiet part out loud today (admittedly wrapped in 100s of pages of PhD-ese) in their benchmark Fiscal Monitor this morning: pointing out that America’s recent economic performance is partially the result of the country’s unsustainable borrowing, and […]
David Stockman on How the US Federal Debt Has Gone Parabolic…
David Stockman on How the US Federal Debt Has Gone Parabolic… The federal debt has been recently increasing by $1 trillion every 100 days. That’s $10 billion per day, $416 million per hour. In fact, Uncle Sam’s debt has risen by $470 billion in the first two months of this year to $34.5 trillion and […]
The Flooding Will Come “No Matter What”
The Flooding Will Come “No Matter What” The complex, contradictory and heartbreaking process of American climate migration is underway. This article is an excerpt from the book “On The Move: The Overheating Earth and the Uprooting of America,” about climate migration in the U.S. For more, see abrahm.com. Another great American migration is now underway, this […]
U.S. Funds Ukraine Groups Censoring Critics, Smearing Pro-Peace Voices
U.S. Funds Ukraine Groups Censoring Critics, Smearing Pro-Peace Voices American taxpayers are footing the bill for Ukrainian NGOs focused on smearing proponents of a diplomatic solution as “Russian disinformation” agents. Ukraine’s American-backed fight against Russia is taking place not only in the blood-soaked trenches of the Donbas region but also on what military planners call […]
Iran Threatens America’s Military Bases Across Middle East If US Supports Israeli Counterattack
Iran Threatens America’s Military Bases Across Middle East If US Supports Israeli Counterattack The Saturday evening fireworks show in the Middle East marked Tehran’s first full-scale military attack on Israel. Although largely unsuccessful, concerns mount that US military bases in the region might be targeted with ballistic missiles and suicide drones if the US supports an Israeli […]
Biden Tells Bibi: US Will Not Support A Counterattack Against Iran After Hundreds Of Drones, Missiles Sent
Biden Tells Bibi: US Will Not Support A Counterattack Against Iran After Hundreds Of Drones, Missiles Sent SATURDAY, APR 13, 2024 – 11:59 PM Update(Midnight ET): It is just after 7am Israel local time and Israel’s military is reporting the Iranian attack has stopped, several hours after Iran said its ‘limited’ operation has “concluded” – which […]
Iran Says If US ‘Interferes’ In Retaliation On Israel, American Bases Will Be Struck
Iran Says If US ‘Interferes’ In Retaliation On Israel, American Bases Will Be Struck Update(1317ET): Israeli hospitals have been put on a high state of alert by the home command, awaiting an ‘imminent’ Iranian retaliation attack. Iran has also reportedly put the United States on notice… Three U.S. Officials told Axios : Iran has sent a […]
The CPI Rose Sharply in March Led by Shelter and Gasoline
The CPI Rose Sharply in March Led by Shelter and Gasoline The CPI rose 0.4 percent in March. Rent is up another 0.4 percent in March with gasoline up 1.7 percent. Together, the pair was about half of the total rise. CPI data from the BLS, chart by Mish Yet Another Groundhog Day for Rent […]
IMF Prepares Financial Revolution – Say GOODBYE to the Dollar
IMF Prepares Financial Revolution – Say GOODBYE to the Dollar Global reserve currency status allows for amazing latitude in terms of monetary policy. The Treasury Department understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The petrodollar monopoly made the U.S. dollar essential for trading oil globally […]
This Double Whammy Will Unleash Unprecedented Money Printing… or Break the U.S. Economy
This Double Whammy Will Unleash Unprecedented Money Printing… or Break the U.S. Economy Deficits, Deficits, and More Deficits, Unravelling Social Security, Money Printer Going Brrr “A government big enough to give you everything you want is a government big enough to take from you everything you have.” ~ Gerald Ford The Federal Reserve is gearing […]
Israel Warns Iran Of Massive Regional War If Directly Attacked
Israel Warns Iran Of Massive Regional War If Directly Attacked Update(1831ET): With Israel’s embassies around the world on a heightened state of alert, and extra IDF reservists called up, and home and weekend leave for all combat troops having been abruptly canceled Thursday, the Israeli population is anxiously awaiting a response – with some reports saying residents […]
The Second and Final Gilded Age
The Second and Final Gilded Age New data shows that the total wealth of the top 1% of Americans just hit a record $44 trillion. Corporate profits are also hitting record highs, raking in $2.8 trillion in the last three months of 2023 alone. And that’s after taxes. It won’t surprise you to hear, given these massive numbers, […]
A Million Simulations, One Verdict for US Economy: Debt Danger Ahead
A Million Simulations, One Verdict for US Economy: Debt Danger Ahead Bloomberg Economics ran a million forecast simulations on the US debt outlook. 88% of them show borrowing on an unsustainable path. The Congressional Budget Office warned in its latest projections that US federal government debt is on a path from 97% of GDP last […]
Israel just raised the risk of a regional war
Israel just raised the risk of a regional war And US troops may suffer the consequences. Iranian protesters burn US flags during a protest gathering to condemn the Israeli airstrike against the Iranian consulate in Syria, at Palestine Square in Tehran, Iran, on April 1, 2024. Morteza Nikoubazl/NurPhoto via Getty Images Joshua Keating is a senior correspondent […]
