Elon Musk, “America is going bankrupt btw.” Warns of America’s Looming Bankruptcy Due to Its Addiction to Over Spending The issue of America’s rising national debt has caught the attention of Tesla CEO Elon Musk. In a recent post on the social media platform X, Musk issued a stark warning: “America is going bankrupt btw.” […]
The Government is Stacking $1 Trillion of Debt Every 100 Days What is Really Going On? U.S. Dollar Down 40% Since 2000 – Gold Up 700% The current Administration’s Neck-Breaking Spending Spree has no end in sight! The U.S. national debt has ominously soared and is shattering records with each passing quarter. Since Spring 2023,
The new Congressional budget estimates of Joe Biden’s baseline over the next ten years. These numbers are a fiscal fiasco. Government spending and borrowing put us squarely on the road to bankruptcy. Over the next ten years, Biden’s spending goes from $6 trillion to $10 trillion. His budget deficit goes from $1.7 trillion to $2.6 trillion.
That’s because $7.6 trillion of US government debt is held by foreign entities in countries like Japan and China. Mounting US debt will eventually spark a “rebellion” in markets around the world, JPMorgan CEO said. “It is a cliff. We see the cliff. It’s about 10 years out. We’re going 60 miles an hour,” Dimon
Jamie Dimon Says Mounting US Debt Will Eventually Spark a ‘Rebellion’ in Global Markets Read More »
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Protected: US National Debt Tops $34T for First Time in History Read More »
The Treasury is on track to borrow over $3 trillion this fiscal year, 50 percent more than previously estimated by the Congressional Budget Office. Bidenomics, perhaps best defined as the government spending, borrowing, and printing too much money, not only made the bomb larger but also caused inflation, which forced up interest rates. That was the
The Fuse on America’s Debt Bomb Just Got Shorter Read More »
The billionaire founder of Bridgewater Associates, the world’s largest hedge fund, flagged America’s record $33 trillion of debt as “risky.” Ray Dalio is worried about America’s borrowing binge and economic growth cooling. The billionaire investor warned of a “debt crisis” and a “meaningful slowing of the economy.” Dalio has previously flagged interest rates, civil unrest,
Easily identifiable domestic threats to portfolios include lingering inflation along with possible future interest rate hikes, a reignition of banking issues, and housing prices that have stretched higher in relation to relative incomes than they did during the 2008-09 financial crisis. Investors have yet to break even from January 2022 and are still realizing losses of
Record Global Debt Could Deliver Punishing Blow to Markets This Year Read More »
Efforts to bring down inflation could collide with high debt loads, Goldman Sachs warned, highlighting the implications for US debt. That comes as higher rates are already pressuring government balances via increasing interest costs. “This suggests the US and UK are the most obvious candidates for a duration risk premium repricing.” The note said, referring
A Fitch Ratings analyst on Tuesday warned the agency may be forced to cut the credit ratings of more than a dozen banks, including some major Wall Street lenders. Another one-notch downgrade of the industry’s score, to A+ from AA-, would force Fitch to reassess ratings on each of the more than 70 U.S. banks it
Fitch Warns Multiple US Banks Face Credit Downgrade: Report Read More »
