Last week, we were looking at who pays unpayable federal debt. As we studied the subject, a whirlwind of staggering news blew up.
Learn how to defend your financial assets against the wealth destroying monetary policies of the RBNZ, the US Federal Reserve and the rest of the world’s central banks…and discover the best ways to make money in a high or low, interest rate environment.
This week, we’ve been exploring the age-old question: Who pays unpayable debt? The borrower?The lender? Someone else?
And now, the runaway train gathers speed. The federal deficit was $587 billion in Obama’s last year. Mr. Trump’s budget increases it to $1 trillion.
The only reason the YES Network is up for sale is because Disney needs to cut the fat. Too bad. It was Disney’s most valuable regional sports channel. And now it might go for pittance.
Some say capitalism has failed America. More likely, America has failed capitalism. Capitalism needs capital. Real money, in other words. The feds gave it fake money.
In a free (capitalist) system, some people will always work harder, get luckier, invest their time and money more wisely, and get richer.
The present administration is adding to the federal debt at the rate of about $3 billion per day. Trump’s budget proposal pretends that his extra debt is nothing to worry about.
Proponents typically look to Europe for guidance. They see Denmark, Sweden, and Norway and believe ‘soft socialism’ isn’t so bad.
We never expected the president to go Full Retard on his trade war. Instead, we thought he would settle the issue…as he did the trade war with Canada and Mexico…in some ongoing, negotiated mush.
Already, America’s medical system — 17% of the economy — is largely socialised. So is the education system — another 7.3%. And don’t forget Social Security.
Right now, two things are making Trump upset. Higher interest rates and a strong dollar. Both of which are conveniently out of his control.
The economy is no better than it was under Barack Obama. And that ‘blazing’ growth? It’s actually less than the growth rate through the Great Depression!
Our advice to 11-year-olds: The US markets may repeat the experience of the last 77 years; but we wouldn’t bet on it. It really is a new ball game.
The federal government is already adding $100 billion a month to its debt — and we’re still in a boom. And it won’t be long before the boom ends.