Saturday , 23 October 2021

Debt & Deficits

Insights on the “Debt Ceiling” that Perhaps You Didn’t Know (+2K Views)

The “debt ceiling” has replaced the “fiscal cliff” as the new crisis of the month. The gargantuan debt of the U.S. which – as of this writing – stands at an astounding $16,450,981,484,618 is now slightly above our current national debt ceiling of $16.394 trillion and growing. Let’s take a closer look at what the debt ceiling is and why it is important. Words: 1020

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Protect Your Future Standard of Living By Buying Gold & Silver Now – Here’s Why (+2K Views)

Higher interest rates [are eventually coming and]... will substantially increase the annual interest costs, the deficit, and the required borrowing/printing. More deficits, more borrowing, more printing, and higher interest rates will cause a larger deficit and more borrowing and the cycle will repeat. [You have a choice as to what you do to protect your current and future standard of living and this article sts it all out.] Words: 595

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Canada Continues to Avoid Humiliating Welfare State Experiments of U.S. & Europe

Across Europe and the United States, millions go without work. Those who do work face a lifetime of crippling taxation to pay for the entitlements of their countrymen and the debts of their governments. Canada by contrast is strong. To stay that way, we must never repeat the mistakes of Europe and the United States and we must instead focus on what Canada has already done right. Words: 1320

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Consumer Indebtedness Leading to Currency Devaluation & Beggar-Thy-Neighbor Economic Policies

The current move up over the past 4 years is being driven by the Fed's loose monetary policies (just as other global markets have been driven by their Central Banks). Most bulls believe the loose polices will stimulate enough consumer demand to lead to a significant U.S. economic recovery. We, however, continue to believe the debt - laden consumer, along with the still other unresolved debt burdens, will be a major drag on the U.S. economy, (we are convinced that the market will turn down and make a triple top at levels below the peaks made in 2000 and 2007 while we resume the secular bear market that started in 2000) and that will have negative affects on the global economy.

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Gov’t Debt Will Keep Increasing Until the System Implodes! Are You Ready? (+3K Views)

Why are so many politicians around the world declaring that the debt crisis is "over" when debt-to-GDP ratios all over the planet continue to skyrocket? The global economy has never seen anything like the sovereign debt bubble that we are experiencing today. This insanity will continue until a day of reckoning arrives and the system implodes. Nobody knows exactly when that moment will be reached, but without a doubt it is coming. Are you ready? Words: 1270

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Economics of Gov’t Are No Different Than Those of Typical American Family – Here’s Why (Almost 2K Views)

If Congress does not raise the debt ceiling, the result will be no different than the Jones family deciding that they have maxed out their credit cards and that, if they continue borrowing and spending over their means, there will be significant pain to the family at best and bankruptcy at worst. Any attempt to prove otherwise is futile because it's just not true! [To further make his point the author provides below 7 other examples of why the economics of government are no different than those of the typical American household.] Words: 585

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What Is “The Trillion Dollar Platinum Coin” Idea? Is It the Answer to U.S Debt Ceiling Constraints or Beyond Stupid?

The "Trillion Dollar Coin" is a hot topic amongst economic policy analysts these days...The idea consists of a proposal for avoiding the inconveniences caused by the congressionally imposed "debt ceiling" in the U.S. by bestowing unlimited power upon the U.S. Treasury to issue money with no backing. When you reflect upon the economic and political implications of [taking such action] it becomes clear that the notion of the Trillion Dollar Coin is just plain stupid. Most importantly, when you look at the wider political, legal and ethical implications of this scheme for the rule of law and liberal institutions, it is beyond stupid. [Let me explain my views more fully.] Words: 2362

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Say “I WILL NOT PAY!”: An Open Letter to Those Under 18 (+2K Views)

I implore you to pass around this letter to your friends. Talk about it among you. Post it up on Facebook, Twitter and elsewhere. Discuss the fact that our government and your parents think you are going to pay over $180,000, and rising rapidly, so that us older folks can have our cake and eat it too...and then force you, the children of this nation, to cover our selfishness and outrageous conduct. I say to you in this open letter that it is your right to stand as American citizens, irrespective of your age who have not yet consented, and say in a loud, clear, singular voice: "I WILL NOT PAY!" Words: 2112

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The Markets & Politicians Got It Right: The Fiscal "Cliff" Is/Was Nothing to Panic About

Why are Congress and the White House not panicked about the looming fiscal "cliff"? Why has the Dow pulled back only 2% rather than plunging 2,000 points as time to forge an agreement by year-end has foolishly dwindled down to just a couple of days, and odds of it happening have become remote? Probably because the markets and politicians are aware that the economy is not going to suddenly plunge over a cliff into an abyss on January 2 if an agreement has not been reached by then. [Let me explain just what it does mean, though.] Words: 785

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