...as $149 Trillion in Derivatives Comes Due, Warns Steve Quayle. "In two days, $149 trillion comes due in derivatives. And derivatives are nothing more than bundles of debt..." Quayle says.
Over the weekend, border-policy negotiations between Senate Democrats and Republicans fell apart. The talks were meant to firm up Republican support for the president's massive $105 billion military support proposal ahead of Wednesday's vote by i
Several years ago I predicted that the US would ultimately be confronted with the debilitating economic conundrum of stagflation, something which the nation had not seen since the 1970s.
White House budget director forecasts disaster for Ukraine if more money isn't allocated.
But is that really accurate? Are the Ukrainian people doomed if Washington stops funding the war?
An interesting article by Penn Wharton, University of Pennsylvania, says the limit of debt as a percentage of GDP is about 200 percent, When does that happen?
"Interest on the federal debt is now so immense that it's consuming 40% of all personal income taxes… If federal finances continue on their current path, we are only a few years from the entirety of income taxes being needed to finance the debt
International Man: Everyone knows that the US government has been bankrupt for many years. But we thought it might be instructive to see its current cash-flow situation.
• https://www.independentsentinel.com By M Dowling
The Biden administration said Friday that it used wartime authority to bolster the manufacturing of so-called energy-efficient heating and cooling technology. It's an alternative to gas-powered residential furnaces.
Update (1801ET): Democrats stepped in to save the day on Tuesday, helping House Speaker Mike Johnson avert a government shutdown despite opposition from Republicans in the Freedom Caucus who opposed the bill due to a lack of offsetting spending cuts.
That was enough to scare the entire ratings industry into submission. No matter how high the debt burden became, how incompetent the Congress, how outrageous the budget, how ridiculous the legislation… the rating agencies refused to downgrade the U
Color me shocked. On Tuesday night, the House of Representatives passed Speaker Mike Johnson's continuing resolution. It passed 336-95, and is expected to pass the Senate.
Peter Schiff recently appeared on Real America with Dan Ball to talk about the latest employment data and the state of the real estate market. We know there is a lot of doom and gloom in the headlines, but Peter said the situation is actually doomier
Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden's administration.
• https://www.youtube.com by Ron Paul Liberty Report
Debt literally takes down empires. The U.S. government was never meant to be a militarized empire, since freedom and empire are mutually exclusive. But alas, the decisions to become an empire were made before any of us were born. In typical fashion,
Moody's Investors Service lowered its ratings outlook on the United States' government to negative from stable, pointing to rising risks to the nation's fiscal strength.
70 RINOs (Republicans in Name Only) voted to keep funding the corrupt FBI to build a new $300 million headquarters building even though the FBI targets its political opposition that includes Republicans...
We're about six weeks into fiscal year 2024, but if this year looks anything like last year, we can assume the federal government will continue to pile up debt at astonishing rates.
Back in July, when we last looked at the unprecedented horror show that is the US budget deficit - and concluded correctly, long before the Q2 Quarterly Refunding Announcement...