image_pdfimage_print

The U.S. Government Massive ONE-DAY Debt Increase Impact

The U.S. Government’s massive one-day debt increase had a profound impact on the amount of money it will have to fork over just to service its interest payment. On Friday, Sept 9th, the U.S. Treasury increased the total debt by a stunning $ 318 billion. Thus, the total U.S. Government debt increased from $ 19.84 trillion on Thursday to $ 20.16 trillion on Friday. We must remember when the U.S Treasury adds more debt to its balance sheet; the government is now obligated to pay additional funds to service the interest on that debt. So, for each increase in U.S. […]

Read More

Debt Nightmare: Does Anyone Actually Care That Our Exploding National Debt Is Destroying Our Future?

When will America finally wake up?  The borrower is the servant of the lender, and we now have a colossal 20 trillion dollar chain around our collective ankles.  We have willingly enslaved ourselves, our children and our grandchildren, and yet our addiction is so insatiable that we continue to add more than 100 million dollars to our debt load every single hour of every single day.  The national debt is sitting at a grand total of $ 20,162,176,797,904.13 at this moment, but now that the debt ceiling has been lifted that number is expected to shoot up very rapidly toward […]

Read More

Debt Ceiling Capitulation Spells Trouble for the Dollar

“Frustration” no longer adequately describes what reformers in Congress – along with millions of investors and taxpayers who voted for reform – are feeling. For many, hopelessness is beginning to set in on the prospects for tax, budgetary, and monetary reform following Wednesday’s GOP capitulation on the debt ceiling. Democrats shamelessly exploited the Hurricane Harvey disaster to couple the $ 7.85 billion disaster aid package with demands on unrelated issues in the budget. Congress didn’t pay for the bill with offsetting spending cuts, as the Club for Growth and other fiscal conservatives had urged. Instead, this emergency spending (and more […]

Read More

Debt, Dollars, DOW, War, Silver and Shirts

Yes, they are connected. Dollars are created as debt. More dollars in circulation = more debt. More debt means consumption is “pulled forward” from the future so consumption can occur now. This usually ends badly. Commercial banks and central banks have created trillions of new dollars. Each new dollar devalues every other dollar currently in circulation, in savings, and in pension accounts. Prices rise! Wars are costly, kill people and produce little. Governments like wars because they create demand for production of war materials. More production means a higher GDP (even if the concept means little). Politicians point to higher […]

Read More

McConnell & Ryan Collaborate with Pelosi to Pile Up More Debt

Republican leaders in Congress, with the urging of Treasury Secretary Steve Mnuchin, are anxious to raise the federal borrowing limit from $ 19.8 trillion – no strings attached. The only hitch is those pesky conservative voters who were promised restraint by party leaders. GOP establishment hopes to quietly pass a “clean” bill to raise the debt ceiling – a direct betrayal of that voter base – don’t currently enjoy enough support from other Republican members who still consider themselves accountable. So a deal with the Democrats beckons. Republicans technically have the power to finally honor the limit on borrowing by […]

Read More

Debt Ceiling Hike to Trigger Future Inflation

The dramatic failure of the U.S. Senate’s last-ditch Obamacare repeal effort leaves Republicans so far without a major legislative win since Donald Trump took office. No healthcare reform. No tax reform. No monetary reform. No budgetary reform. The more things change in Washington… the more they stay the same. Despite an unconventional outsider in the White House, it’s business as usual for entrenched incumbents of both parties. The next major order of business for the bipartisan establishment is to raise the debt ceiling above $ 20 trillion. Since March, the Treasury Department has been relying on “extraordinary measures” to pay […]

Read More

Total Government And Personal Debt In The U.S. Has Hit 41 Trillion Dollars ($329,961.34 Per Household)

We are living in the greatest debt bubble in the history of the world.  In 1980, total government and personal debt in the United States was just over the 3 trillion dollar mark, but today it has surpassed 41 trillion dollars.  That means that it has increased by almost 14 times since Ronald Reagan was first elected president.  I am searching for words to describe how completely and utterly insane this is, but I am coming up empty.  We are slowly but surely committing national suicide, and yet most Americans don’t even understand what is happening. According to 720 Global, […]

Read More

Does the National Debt Matter for Silver Prices? [Explained w/ Charts]

Silver currently sells around $ 16, which would be sensible if the U.S. national debt was much less than its current $ 20 trillion. Given the massive national debt and 100 years of experience, silver prices could easily be double or triple their current prices, and far higher in a panic. WHY? Examine over a century of official national debt data graphed on a log scale. Official debt in 1913 was $ 3 billion. Since then it has risen 8% to 9% every year to reach $ 20 trillion or $ 20,000 billion. Debt will continue rising as long as […]

Read More

The World Is Now $217,000,000,000,000 In Debt And The Global Elite Like It That Way

The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers.  Politicians love to borrow money, but over time government debt slowly but surely impoverishes a nation.  As the elite get governments around the globe in increasing amounts of debt, those governments must raise taxes in order to keep servicing those debts.  In the end, it is all about taking money from us and transferring it into government pockets, and then taking money from government pockets and transferring it into the hands of […]

Read More

U.S. Auto Sales Plunge Dramatically As The Consumer Debt Bubble Continues To Collapse

One sector of the economy that is acting as if we were already in the middle of a horrible recession is the auto industry.  We just got sales figures for the month of April, and every single major U.S. auto manufacturer missed their sales projections.  And compared to one year ago, sales were way down across the entire industry.  When you add this latest news to all of the other signals that the U.S. economy is slowly down substantially, a very disturbing picture begins to emerge.  Either the U.S. economy is steamrolling toward a major slowdown, or this is one […]

Read More