US to hit debt limit on Thursday. FED promises special levers to keep US spending to avoid default. In 2023 the cost to service national debt to become the biggest expenditure, more than Social Security. Sound sustainable? But inflation is transitory…

    The federal tax revenue / budget 2021: ​ Tax revenue: $4,714,000,000,000 Federal budget: $6,818,000,000,000 New debt: $2,104,000,000,000 National debt: $26,900,000,000,000 ​ The numbers are so huge we can’t even conceive of them. Seriously- our brains just can’t handle …

READ MORE

We are in big trouble folks!

I was wondering why gold has been unexpectedly rising and then checked the TIC data. Last Treasury TIC release shows a drop of 475B in foreign holdings of treasuries year over year. NOTHING CLOSE TO THAT AMOUNT HAS EVER HAPPENED! …

READ MORE

MLK statue/sculpture unveiled in Boston…

BREAKING: The bronze sculpture called “The Embrace” honoring Martin Luther King Jr. and Coretta Scott King has just been unveiled on the Boston Common #7news #MLKWeekend #MLKDay2023 pic.twitter.com/IckphP15FL — Amaka Ubaka (@AmakaUbakaTV) January 13, 2023 Alternate angle if the first …

READ MORE

Morgan Stanley Issues Major Warning for Stock Investors

Photo (CC BY 2.0) by Alex Proimos on Wikipedia Commons From Peter Reagan at Birch Gold Group In 2022, there were several signs that indicated the U.S. was in economic recession. These signs included (but weren’t limited to): Back-to-back quarters of negative GDP growth, red-hot inflation all …

READ MORE

Inflation is a major economic issue that affects the cost of living and purchasing power of consumers. Food prices across the board continue to soar. Banks allocate more money for for credit losses.

Food prices across the board continue to soar. Just report that. — The Media Is Our Enemy (@MeganSmiles) January 13, 2023 #Inflation is a major economic issue that affects the cost of living and purchasing power of consumers. #Economics — …

READ MORE