Tag Archives: debt ceiling

OK, folks, let’s get some popcorn and watch “The Debt Ceiling Farce 2021” as it unfolds! Everyone knows how this will end. Since 1960, the farce played 78 times. Each time, after everyone got through extorting concessions from the other side, Congress either raised the debt ceiling, extended it, suspended it, or changed the definition of “debt.” That’s how it ends.

Watch what emerges in the coming months and ask yourself if the DAY OF FINANCIAL JUDGMENT is here! I am.

To believe that the chances of financial calamity are non-existent is a fool’s fantasy that’s just begging for people’s life savings to get wiped out.

The U.S. is in a financial debt spiral. What's the Administration to do? This article analyzes 6 alternative courses of action available, presents the consensus view of each, comes to a conclusion as to what will unfold and suggests what the implications are for one's investment portfolio. Let's take a look.

If the debt ceiling deadline (approximately October 17th) passes without an agreement that would be extremely dangerous - and if the U.S. government is eventually forced to start delaying interest payments on U.S. debt (which could potentially happen as soon as November), that would be absolutely catastrophic.

All of the crap about the debt ceiling is really about plausible deniability, delivered as propaganda. Threaten deflation and austerity to make a big scene, and force the people to demand the debt ceiling be raised. This is all part of the “show deflation” at critical times when they want to print more aggressively with no blow back.

Q: Don't laugh at me, but what is a deficit? A: It's actually not a dumb question. Here's why.

It’s been exactly two years since Standard & Poor’s did the unthinkable and downgraded the U.S. government’s debt rating...and yet, it’s as if it never happened…

The United States debt limit is explained in this 3:09 satirical video which takes a look at the national debt from a family perspective. Very amusing - very insightful - very troubling.

At the 13th hour, the House passed the compromise bill that appears to have helped the U.S. avoid imminent economic disaster - from their own inability to reach a compromise before the January 1st deadline. For now, the markets appear to be cheering the reduction of some uncertainty but it's not the all-inclusive deal that many had hoped for. Below are some of the apparent winners and losers included in the deal. Words: 765