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July 4, 2024 Readings
July 4, 2024 Readings Petrodollar Panic: Separating Fact From Fiction – RIA The Politics of Exhaustion–Aurelien “Gaza Is Complicated.” No It Isn’t, Grow Up.–Caitlin Johstone Germany expanding intelligence services amid its “preparation for war” with Russia–InfoBRICS Large Maneuvers of War in Europe Under US Command. Manlio Dinucci – Global Research The meme that is destroying […]
July 3, 2024 Readings
July 3, 2024 Readings 2019: Peak (Western) Civilization–The Honest Sorcerer Summer Reflections–Erik Michaels The Long Forum June 2024 – by Shane Simonsen Can The Law Drag Fossil Fuels Into Greener Pastures? We Are All Joe Biden (And Malthus Was Not a Reptilian)–Ugo Bardi The Coming US Budget Disaster Will Impoverish Americans | Mises Institute Ongoing […]
U.S. Government Debt vs. GDP
U.S. Government Debt vs. GDP Chart of the Week #8 I don’t usually do these more than once a week unless I come across something really pressing that I want to share with you. But after a reader named Laramie made an interesting comment under the chart I published earlier this week, showing U.S. government historical […]
America’s Minsky Moment Approaches
America’s Minsky Moment Approaches Commentary Named after American economist Hyman Minsky, the idea behind a Minsky moment is that a financial markets crisis (especially in credit markets) is caused by a sudden and systemic collapse in asset prices, usually after a sustained period of speculative investment, excessive borrowing, and widespread financial risk taking. In other […]
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 […]
David Stockman on Washington’s Fiscal Doomsday Machine
David Stockman on Washington’s Fiscal Doomsday Machine Here’s one that will make your hair stand on end: The US Treasury closed the books on FY 2023, bringing the four-year cumulative deficit to $9.0 trillion! That’s right. During the last 1,461 days (FY 2020 thru FY 2023), Uncle Sam has generated $6.2 billion of red ink each and every […]
Why the world’s big debt loads may be here to stay
Why the world’s big debt loads may be here to stay Illustration: Brendan Lynch/Axios Staggeringly high government debt levels around the globe may stick — a huge shift from previous years that could come despite the warnings of economic damage this dynamic may cause. Why it matters: Aging populations, worsening partisanship, steepening interest rates and other factors could […]
Welcome to the age of cuts
Welcome to the age of cuts The UK government faced a barrage of criticism over its National Insurance hike this week. The tax – which theoretically pays for public services, pensions, and benefits – was in creased last autumn, before the political class became aware of the massive increase in gas and electricity prices coming later this year. However, […]
Is the Crack-up Boom Here?
Is the Crack-up Boom Here? Bloomberg News recently solicited advice from Argentinians who lived through that country’s high inflation on how Americans should cope with rising inflation. The Argentinians suggested Americans spend their paychecks as fast as possible to avoid future price increases. They also suggested taking out loans that can be paid back later […]
Why Do Central Banks Want Higher Inflation?
Why Do Central Banks Want Higher Inflation? The debt ceiling debate in U.S. Congress and related political nonsense brings even more to light the exponential growth in US federal government debt. US government debt has doubled in the 10 years since the last major debacle Congress created over raising the debt ceiling back 2011. The […]
The Biggest Federal Reserve Scandal
The Biggest Federal Reserve Scandal Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules. While these trades appear problematic, they pale in comparison to the biggest Fed scandal — […]
28 trillion reasons to have a Plan B
28 trillion reasons to have a Plan B At the close of business on Monday March 1st, just a few days ago, the US national debt crossed $28 trillion for the first time in history. To the penny, in fact, the national debt hit $28,004,376,276,999.35. And bear in mind that figure doesn’t include the $1.9 […]
Weekly Commentary: Short-Term Unsustainable
Weekly Commentary: Short-Term Unsustainable Outstanding Treasury Securities began 2008 at $6.051 TN, or 41% of GDP. Treasuries ended 2019 at $19.019 TN, or 87% of GDP. And then, in only three quarters, Treasuries surged another $3.882 TN to $22.900 TN, or 108% of GDP. We must wait a few weeks for the Fed’s Q4 Z.1 […]
Visualizing The Snowball Of Global Government Debt
Visualizing The Snowball Of Global Government Debt Over the last five years, markets have pushed concerns about debt under the rug. But, while economic growth and record-low interest rates have made it easy to service existing government debt, Visual Capitalist’s Jeff Desjardins points out that it’s also created a situation where government debt has grown […]
Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day”
Global Debt Surpasses 244 Trillion Dollars As “Nearly Half The World Lives On Less Than $5.50 A Day” The borrower is the servant of the lender, and one of the primary ways that the elite keep the rest of us subjugated is through the $244,000,000,000,000 mountain of global debt that has been accumulated. Every single […]
