The FDIC and Fed are going to insure all deposits. They don't even remotely have enough cash to do that. Oh yeah, Debt Ceiling, $3 trillion annual deficits and a deep recession. None of us own enough #gold and #silver …
View post on imgur.com France’s credit rating was cut by Fitch Ratings in another blow to politically embattled President Emmanuel Macron as he tries to bolster the country’s public finances with unpopular overhauls. Fitch reduced France’s credit rating to AA- …
by silvertomars Inflation is transitory, will hit 2% in 2022 Recession is very unlikely Interest rates won’t rise until 2024 Inflation is actually good for you They literally supported buying bonds/ETFs Now, we are paying for these failures.
by Frank Shostak via Mises Many economists believe that during an economic slump government should run large budget deficits in order to keep the economy going with increases in government outlays, with the consequent budget deficit giving individuals more disposable money. This, in …
YouTube/PeterSchiff, Released on 10/28/21 US dollar would tank if traders understood implications of economic data. Trade deficit continues to break records month after month. Strong economies have trade surpluses; we have a bubble economy. We’re only consuming and importing because …
By Egon von Greyerz In this compelling interview with Patrick Vierra of Silver Bullion TV, Matterhorn founder, Egon von Greyerz, bluntly addresses the blunt forces of policy absurdity and the cyclical adversity now facing debt-wild global markets and financial regimes, against which precious metals …
by Peter Schiff of Peter Schiff Podcast Gold reacts counterintuitively to inflation fears. Fed changes the definition of transitory inflation. Q2 Productivity numbers disappoint analysts. Biggest government expansion of the welfare state since the New Deal and Great Society. Elizabeth Warren wants to …
by Mike Gleason Platinum to Benefit from Fuel Cell Demand, Inflation Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. As unsustainable government spending and debt raised alarms in Washington this week, …
by Ryan McMaken of Mises Institute The Treasury department has issued its spending and revenue report for April 2021, and it’s clear the US government is headed toward another record-breaking year for deficits. According to the report, the US federal government collected $439.2 billion …
In my decade forecast, I projected that in the next recession that the deficit would climb to over $2 trillion. Clearly, that demonstrates I am an optimist. Here’s a chart I shared back in January. SOURCE: CONGRESSIONAL BUDGET OFFICE Between reduced …
by Peter St. Onge via Mises On March 18, Joe Wiesenthal of Bloomberg Markets had MMT economist Stephanie Kelton on the show. If you’re not familiar with modern monetary theory, they think governments should print more money because deficits aren’t a big …
by northmantrader My take here: The budget is blowing up in their face and they know it. The tax cuts did not pay for themselves and deficits are ballooning, federal spending is the highest in 10 years as tax receipts have been slowing. It’s …
Shortfall rises 40% to $544b in first 5 months of fiscal year Corporate, income taxes decline as tariff revenue climbs The U.S. posted its biggest monthly budget deficit on record last month, amid a 20 percent drop in corporate tax …
by Paul Brandus The law finally seems to have caught up with President Trump. Not lawmen like special counsel Robert Mueller, or the G-men of the Southern District of New York—though they may soon catch up with him, for all I …
Utterly unbelievable scale of U.S. debt… The debt accumulated under Donald Trump would be enough to cover the inflation-adjusted cost of U.S. involvement in the Second World War This week, the United States national debt ticked above US$22 trillion for …
by Spencer P Morrison, NEE Steve Hanke recently set out to prove “why President Trump’s trade message and protectionist policies are rubbish” in a Forbes article. Instead, the Johns Hopkins University economist exposed himself as a word-mincing, logic-twisting sophist—just like every other intellectual …
via dailyreckoning: Remember the “tea party” revolt in 2009–2010 against government bailouts and government spending? Remember the “fiscal cliff” drama of Dec. 31, 2012, when Congress raised taxes and cut spending to avoid a debt default and government shutdown? Remember the …
by Ryan McMaken via Mises Wire Interest on the national debt is quickly becoming one of the largest expenses in the national budget. Based on projections from the OMB, it now appears that growth in interest payments on the national debt will be …
BY JOHN MAULDIN I run a huge trade deficit. It’s not with China or Mexico, but with Amazon. I buy all sorts of goods from them, and Jeff Bezos has yet to spend a penny with me. And it’s fair. I’m …
by Egon von Greyerz The end of an empire is a dramatic but also drawn out event with very few willing to face the facts. As the end is getting closer, denial is at its peak. We can probably figure …
by Spencer P Morrison, NEE On Monday the Trump administration announced that it would impose 10 percent tariffs on an additional $200 billion worth of Chinese goods—including many consumer goods which have been exempt until now. This rate will increase to 25 percent …
By Richard M. Ebeling via the Future of Freedom Foundation: In case you have missed them since the early years of the Obama administration, the $1 trillion-a-year federal budget deficits are coming back, beginning with Uncle Sam’s new fiscal year for …
via Mark Brandly Voters tend to be rationally ignorant. Since a single vote does not matter, for most potential voters, the cost of being politically well-informed is greater than the benefit of being knowledgeable about political affairs. Therefore, it’s rational for most …
They can’t, and what they do buy, pales before what Americans buy from themAMERICA FIRST via spectator.co.uk: Donald Trump is following through on his threat—or promise, as his voters see it—to impose steep tariffs on foreign goods in the name …
The GOP tax plan means short-term gains for the economy, but federal debt is primed to explode, CBO analysis says The Congressional Budget Office forecast that the new tax law will generate an average of 0.7 percent growth over the …
by Brian Maher of Daily Reckoning We have spotted a raven of foreboding… a portent of evil to come… Interest on the public debt struck $28.43 billion last month. That is the highest figure for any February on record. For the …
via Robert P. Murphy There is a connection between fiat currencies and trade deficits, and many cynics have argued that the US dollar’s status as global reserve currency allowed Americans to consume more than they produced for decades. However, this “deficit without …
via Mike Mish Shedlock “Will there be a mismatch between what the U.S. wants to sell (Treasuries) and what the world wants to buy?” Brad Setser asks the above question in his “Follow the Money” post How Will the U.S. Fund its …
by John Rubino Mainstream economics uses a fairly simple equation when it comes to public policy: More government spending equals more growth, which is just about always a good thing. The problem is with the “just about always” part. At …