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June 29, 2024 Readings

Attempting a new format (that I will probably fiddle with for a week or so) for sharing articles of interest. Below you will find a number of links to those articles. Note that I may add a few before the day ends so check back. Hope this works for everyone… First-Responder Trauma: A New Framework […]

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Trump Administration on Track for $1 Trillion Budget Deficit This Year

Trump Administration on Track for $1 Trillion Budget Deficit This Year The Trump administration is on track to post a 2019 fiscal year budget deficit of over $1 trillion. These are the kind of budget deficits we would expect to see during a deep recession, not an “economic boom.” The government got off to a […]

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World’s Largest Asset Manager Warns: The Dollar’s Days As Global Reserve Currency Are Numbered

World’s Largest Asset Manager Warns: The Dollar’s Days As Global Reserve Currency Are Numbered Have BlackRock CEO Larry Fink and Russian President Vladimir Putin been comparing notes? In comments that sound eerily similar to a warning issued by Putin, who warned during a speech last month that the US risked undermining the dollar’s reserve currency […]

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Think That Governments Won’t Default? Think Again

Think That Governments Won’t Default? Think Again The Congressional Budget Office (CBO) just reported that the U.S. budget deficit is widening in a ‘big way’. And what’s even worse – last month the net interest on public debt jumped 25% compared to last August. . . I wrote last January about the soaring cost of interest […]

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When Budget Deficits Will Really Go Vertical

When Budget Deficits Will Really Go Vertical Mnuchin Gets It United States Secretary of Treasury Steven Mnuchin has a sweet gig.  He writes rubber checks to pay the nation’s bills.  Yet, somehow, the rubber checks don’t bounce.  Instead, like magic, they clear. How this all works, considering the nation’s technically insolvent, we don’t quite understand.  […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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