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The Shocking Growth In America’s National Deficit
The Shocking Growth In America’s National Deficit Government Spending Gone Wild! To say the national deficit is out of control may be an understatement. Our surging deficit is a sign of “spending has gone wild.” The important point is that covid-19 has again given us a reason to divert our eyes away from the over the […]
US National Debt Spiked by $1.5 trillion in 6 Weeks, to $25 trillion. Fed Monetized 90%
US National Debt Spiked by $1.5 trillion in 6 Weeks, to $25 trillion. Fed Monetized 90% I’d never imagined I’d ever see this sort of spike, though in recent years I added an upward arrow with “Debt out the wazoo” to my charts, not realizing just how factually accurate this technical term would become. The […]
Disaster Awaits: National Debt Will Be 6 Times The Size Of The Economy
Disaster Awaits: National Debt Will Be 6 Times The Size Of The Economy Even without changes to the current spending policy, the government’s spending is on an unsustainable path. By the time a child born in 2018 reaches retirement age, the United States national debt will be six times the size of the economy according to […]
Who Bought the $1.6 Trillion of New US National Debt Over the Past 12 Months?
Who Bought the $1.6 Trillion of New US National Debt Over the Past 12 Months? As a flood of US debt washes over the globe, someone has to buy. So far in this fiscal year, which just started on October 1, the US gross national debt – the total debt issued by the US government […]
Who Bought the $1.47 Trillion of New US National Debt over the Past 12 Months?
Who Bought the $1.47 Trillion of New US National Debt over the Past 12 Months? China, Japan, other foreign investors, the Fed, US government funds? Nope. Foreign private-sector investors and “foreign official” investors – central banks, governments, etc. – whittled down their holdings of US Treasury Securities by $21 billion at the end of July, […]
US National Debt Hits $21 Trillion
US National Debt Hits $21 Trillion For 8 years, we took every opportunity to point out that under Barack Obama’s administration, US debt was rising at a alarmingly rapid rate, having nearly doubled, surging by $9.3 trillion during Obama’s 8 years. It now appears that the trajectory of US debt under the Trump administration will […]
Peter Schiff: ‘We Will Live Through Another Great Depression Which Will Be MUCH MUCH WORSE’
Peter Schiff: ‘We Will Live Through Another Great Depression Which Will Be MUCH MUCH WORSE’ Financial guru Peter Schiff, who accurately predicted the recession of 2008, says the problems we face now are even bigger. We will live through another Great Depression if Schiff is correct. And one of the main concerns is something very few […]
Budget Woes Sign of a Dysfunctional Empire
Budget Woes Sign of a Dysfunctional Empire The bloated military budget is justified on the assumption that the United States can and should police the entire world, but this approach is fundamentally unsustainable, warns Jonathan Marshall. President Donald Trump’s latest $4.4 trillion budget proposal calls for boosting military spending by nearly $200 billion over the […]
Four Rate Hikes in 2018 as US National Debt Will Spike
Four Rate Hikes in 2018 as US National Debt Will Spike Chorus gets louder. But no one will be ready for those mortgage rates. It didn’t take long for rate-hike expectations to be jostled further by last week’s “monster” two-year budget bill that Congress passed with its usual gyrations, including a government mini-shutdown, and that […]
US national debt accelerating at over a trillion/year in our asset-hole ‘debt supply’ system; demanding monetary reform & public banking yet?
US national debt accelerating at over a trillion/year in our asset-hole ‘debt supply’ system; demanding monetary reform & public banking yet? The US federal government debt is now $19 trillion, having risen over a trillion each year of the Obama administration. This article will examine US economic status, and obvious solutions promoted by many of America’s brightest minds […]
