Home » Posts tagged 'us treasury department'
Tag Archives: us treasury department
Debt Ceiling Drama, Yellen Begins “Extraordinary Measures” to Stave Off Default
Debt Ceiling Drama, Yellen Begins “Extraordinary Measures” to Stave Off Default Photo by Senator Mark Warner CC BY 2.0 Two years ago, the debt ceiling was lifted. Lifting the debt ceiling to make room for more government spending has been pretty routine since since 1917. Until now… While it’s quite likely that U.S. debt had already reached […]
Fed and Treasury Steer Their Unsinkable Ship toward Iceberg
Fed and Treasury Steer Their Unsinkable Ship toward Iceberg This past week we got to observe Fed Chair Jerome Powell and the US stock market andthe US bond market do everything I said they would do in their complicated shuffle of ships-and-icebergs: “I’m sure many helium-headed stock investors believe the lilly-livered Fed will turn tail […]
Peter Schiff: The Box That the Federal Reserve Is In
Peter Schiff: The Box That the Federal Reserve Is In Jerome Powell and Janet Yellen testified jointly before the US Senate last week. Inflation was a big topic of conversation. The Fed chair continued to insist that the central can fight inflation if necessary, but that it really isn’t a problem we need to worry […]
FireEye and US Treasury Department hacked, Russia blamed
FireEye and US Treasury Department hacked, Russia blamed Security consulting company FireEye has been hacked and their “Red Team” tools, which was their proprietary intrusion detection and testing toolkit has been stolen. In a blog post about the incident the company attributed the breach to a highly skilled nation state actor possessing “world class capabilities.” FireEye’s […]
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 […]
US Gross National Debt Jumps by $1.27 Trillion in Fiscal 2018, Hits $21.5 Trillion
US Gross National Debt Jumps by $1.27 Trillion in Fiscal 2018, Hits $21.5 Trillion But wait — these are the Boom Times! The US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018, the Treasury Department reported Monday afternoon. During the entire fiscal year 2018, the […]
Donald of Arabia, Oil Sanction Idiocy: Another Oil Shock Coming
Donald of Arabia, Oil Sanction Idiocy: Another Oil Shock Coming I did not believe Trump would be so foolish as to force the entire world to accept Iranian sanctions. I was wrong. Here’s my general policy: When you are wrong, it’s best to admit it or someone will admit it for you, in a worse […]
US Treasury Dept Warns Allies Against Accidentally Trading With Iran
US Treasury Dept Warns Allies Against Accidentally Trading With Iran Companies ‘face substantial risks’ if they’re caught trading with Iran The US Treasury Department on Tuesday issued a statement directed at allied governments, and private companies operating out of allied countries, warning them against any trade with Iran, warning they “face substantial risks” if they […]
Treasury Department reports $1.2 TRILLION loss in 2017
Treasury Department reports $1.2 TRILLION loss in 2017 Earlier this month, the United States government released its annual financial report for the year 2017. This is something the government does every year, similar to how large companies like Apple, or Warren Buffett’s Berkshire Hathaway, publish their own annual reports. Unlike Berkshire and Apple, though, whose […]
Treasury Slaps Sanctions On China, Russia Entities And Individuals Over North Korea
Treasury Slaps Sanctions On China, Russia Entities And Individuals Over North Korea In a move that is certain to infuriate China further and result in another deterioration in diplomatic relations between Washington and Beijing, moments ago the United States slapped both Chinese and Russian entities and individuals with new sanctions in the Trump administration’s escalating […]
In “Unprecedented Step” US Sanctions Chinese Entities With Ties To North Korea
In “Unprecedented Step” US Sanctions Chinese Entities With Ties To North Korea After allegedly pressuring the Chinese government to act first and adopt sanctions against nearly 10 local entities who the US claims provided North Korea with materials used in its nuclear program, the US has decided to act. In an unprecedented step, the Treasury […]
Is it Safe to Store Gold in a Safe Deposit Box?
Is it Safe to Store Gold in a Safe Deposit Box? QUESTION: Martin, Love your blog, especially your historical perspective. You recently responded to a viewer that we should take precious metals out of safety deposit boxes. Is there a reason for this? To my understanding the bail-in rules for banks in N.america put deposits […]
Corrupt US Government Accuses Putin Of Corruption
Corrupt US Government Accuses Putin Of Corruption The most corrupt government on earth, a government so utterly corrupt that it allows former executives of a handful of corrupt mega-banks to run the economic policy of the US solely in the interest of their banks, denying tens of millions of American retirees any interest income on […]
The War on Cash Destroys a Small Entrepreneur
The War on Cash Destroys a Small Entrepreneur Lyndon McClellan is a small entrepreneurwho owns and operates L & M Convenience Mart in Fairmont, North Carolina. L & M comprises a gas station, convenience store, and a small restaurant serving hot dogs, hamburgers, and catfish sandwiches. One day last July, more than a dozen federal, […]
