The Interest Rate Dilemma
• LewRockwell.com - Alasdair MacleodMarket speculators have lost sight of the fact that interest rates will continue to rise and that the US Government is irretrievably bust, making the fiat dollar ultimately worthless.
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Market speculators have lost sight of the fact that interest rates will continue to rise and that the US Government is irretrievably bust, making the fiat dollar ultimately worthless.
Of that amount, about $850 billion will go to the Pentagon, and the remaining funds will go to other US federal agencies for military programs, including the Energy Department's nuclear weapons program.
Hedge Fund Icon: "We're Just Two Years Away From A US Debt Sustainability Crisis, Sparking A Major Global Market Event"
On the Senate floor, Sen. Rand Paul (R-KY) railed against pork-barrel spending in the government budget and called out several earmarks he finds most shocking.
From the Tom Woods Letter: I didn't watch the State of the Union last night. I knew it would be lies and impossible promises from start to finish.
"There has been abundant evidence of great evil at work in the world, throughout time and in our present time. Do you really wish to be ignorant of its existence and operation?" - The Great Taking – Daniel Webb
On Sunday night, Congressional negotiators revealed a bill which will fund key parts of the government through the rest of the fiscal year which began in October.
According to the Federal Reserve, credit card delinquencies increased by 50 percent in 2023, while consumer debt grew to 17.5 trillion dollars.
The House passed a fourth short-term spending bill to punt government funding deadlines for fiscal year 2024 further down the road, narrowly avoiding a government shutdown that would have been triggered on Friday.
In the Congressional Budget Office (CBO) projections, the United States deficit will fluctuate over the next four years, averaging an insane 5.8 percent of GDP without even considering a recession.