U.S. National Debt Tops $31 Trillion

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WASHINGTON — America’s gross national debt exceeded $31 trillion for the first time on Tuesday, a grim financial milestone that arrived just as the nation’s long-term fiscal picture has darkened amid rising interest rates. The breach of the threshold, which was revealed in a Treasury Department report, comes at an inopportune moment, as historically low … Read more

JP Morgan is worried who will buy all the bonds… with Fed, China, and Japan selling… and the Treasury running trillion dollar deficits… and bond yields still well below current rate of inflation… who will buy all the bonds…?

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“Who Will Buy?” is the exuberant ensemble number from the 1962 musical hit Oliver! It is also the rallying cry of a number of investors and analysts who are worried about who exactly will be purchasing trillions of dollars worth of bonds as inflation bites and public deficits balloon. Such concerns were on full show … Read more

Massive errors in FBI’s Active Shooting Reports regarding cases where civilians stop attacks: Instead of 4.4%, the correct number is at least 34.4%. In 2021, it is at least 49.1%. Excluding gun-free zones, it averaged over 50%.

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Data: For convenience, a PDF of the Excel file is also available here. FBI Active Shooting reports are available here (2000-2013), here (2014-2015), here (2016-2017), here (2018), here (2019), here (2020), and here (2021). Introduction The shooting that killed three people and injured another at a Greenwood, Indiana, mall on July 17 drew broad national attention because of how it ended – when … Read more

AOC rips Mayor Adams’ migrant tents in her district: ‘We can get to a place with a better solution’ NOT IN MY DISTRICT!!

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The political pleasantries didn’t last long. Immediately after appearing together in public for the first time Friday, Rep. Alexandria Ocasio-Cortez, D-N.Y., took aim at Mayor Adams’ plan to erect a migrant tent camp in her district, charging that there’s a “better solution” to be had. The progressive congresswoman, who’s had a simmering beef with the … Read more

KANYE: EVERYONE KNOWS BLACK LIVES MATTER WAS A SCAM. NOW IT’S OVER.’ You’re welcome

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Rap mogul and billionaire fashion entrepreneur Kanye West has declared that Black Lives Matter was always just a “scam,” saying that the movement is now “over.” On Tuesday, Kanye West posted a haiku-like obituary for the BLM movement to his Instagram stories, taking at least partial credit for its demise. Everyone knows that Black Lives … Read more

America! US 30yr Mortgage Rates Declines To 6.85% As US Home Prices Retreat From Highs (Will The Fed Pivot To Increase M2 Money Again?)

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by confoundedinterest17 I was confused when President Biden claimed ‘I was sort of raised in the Puerto Rican community’ in Delaware.” Here are Joe and Jill Biden singing “America.” Apparently, Biden was in the Sharks gang and Trump’s MAGA supporters are the Jets. On the real estate side, Bankrate’s 30-year mortgage rate dropped to 6.85% as the 10-year US … Read more

Latinos Tell MSNBC They’re Switching To GOP: “We’re For God, Country, Family And Hard Work

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Latino NBC reporter ADMITS Democrats are doomed among Latinos in 2022 pic.twitter.com/99IrxzYojT — Benny Johnson (@bennyjohnson) October 3, 2022 Texas Latinos tell MSNBC they've switched from Democrat to Republican: "We’re for God, country, family, and hard work" “The fact of the matter is that we — you know, we don’t feel safe anymore [because of … Read more

Peter Schiff: Double digit annual inflation will soon be a way of life in America. Better get use to it and invest accordingly.

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The price Americans will pay for Tarp, Obamacare, PPP, and all Govt. programs that lead to the massive build up of debt since the 2008 financial crisis is #inflation. Double digit annual inflation will soon be a way of life in America. Better get use to it and invest accordingly. — Peter Schiff (@PeterSchiff) October … Read more

Federal Reserve Alert! Governor Philip N. Jefferson: ‘Restoring price stability may take some time and will likely entail a period of below-trend growth. However, I want to assure you that my colleagues and I are resolute that we will bring inflation back down to 2 percent.’

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October 04, 2022 Technology’s Impact on the Post-Pandemic Economy Governor Philip N. Jefferson At “Technology-Enabled Disruption: Lessons from the Pandemic and the Path Ahead,” a conference organized by the Federal Reserve Banks of Atlanta, Dallas, and Richmond Good morning, and thank you. It is a pleasure to be here today. I am happy to be … Read more

The fact that Elon Musk could be attacked as “pro-Russian” merely for suggesting a possible peace deal — even though he gave Starlink to the Ukrainian war effort — shows how warped and intolerant the public conversation has become.

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On Ukraine, @elonmusk learned two lessons: 1. if you suggest avoiding a nuclear war, you’ll face death threats. 2. Maybe there isn’t a “good side” in that war. (Which is what every intelligent person who understands the area said from day 1.) pic.twitter.com/eXOJJ8rPKx — Cernovich (@Cernovich) October 3, 2022 The fact that @elonmusk could be … Read more