According to new reports from the Social Security and Medicare trustees, Social Security and a Medicare fund that pays for hospital expenses will both begin running deficits in 2035 and 2036.
The Next Big Bailout could be the mother of all bailouts: The Federal Government.
So says a new report from Michael Hartnett, Chief investment officer of Bank of America Securities.
World reserve status along with various debt instruments allowed the US government and the Fed to create tens of trillions of dollars in new currency after the 2008 credit crash, all while keeping inflation under control (sort of). The problem is tha
In 2007, the U.S. national debt was below $10 trillion, and the budget deficit was about $160 billion. Federal spending was about $3 trillion, and interest payments were approximately $400 billion.
Instead, the dollar's peril is blamed on Russia, China, Iran, "oil-soaked Saudi Arabia" and "our neighbor Mexico." In other words, it is a cover-up for the Fed and Biden regime's catastrophic mistakes.
• https://www.lewrockwell.com, By Joseph T. Salerno
A recent undercover video interview with a Fed economist by a Daily Caller reporter contains explosive revelations about the profoundly anti-democratic doings of the Fed.
BlackRock Inc. Chief Executive Officer Larry Fink said the US public debt situation "is more urgent than I can ever remember" and that the country needs to adopt policies to spur economic growth.
In 1913, Woodrow Wilson and his progressives promised that the Federal Reserve would avert both depressions and inflation, while preventing the wealthy from controlling America's financial markets at the expense of the poor.
host Mike Maharrey discusses the perceived ineffectiveness of the prevailing political strategy in the United States, which revolves around the notion of "voting the bums out" to solve issues.
Weeks after Federal Reserve Chairman Jerome Powell evaded a sitting congressman's questions about the central bank's foreign gold holdings, the Fed has also declined to comply with a Freedom of Information Act request for records about such holdi
After years of speculation, the Federal Reserve has released its so-called "Doomsday Book"--an internal document that outlines the vast power the central bank can claim during times of financial emergency.
This time Peter tackles Jerome Powell's speech from Wednesday, in which he announced that the Fed is holding the federal funds rate between 5.25 and 5.5%. He also briefly discusses Bitcoin's pullback and the media's lies about Donald Trump.