Her concern is how best to protect the international status of the US dollar as US financial sanctions have pushed more countries to seek alternative financial transaction methods that do not involve the US. China and other countries are actively promoting local currency settlements and multilateral cooperation, offering more choices and possibilities for the global […]
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 BRICS Currency linked to a basket of commodities could offer stability and attractiveness that could outshine established currencies like the dollar. The presence of a stable alternative to the US dollar could lead to a reevaluation of global economic dependencies and power structures. According to Glazyev, the BRICS currency, which is near completion and
Why BRICS Currency Would Outshine the US Dollar Read More »
Last year, the government rang up a $1.7 trillion deficit: $659 billion on net interest costs in fiscal 2023 to finance the debt. Dalio said that is a recipe for trouble. Soaring U.S. government debt is reaching a point where it will begin creating larger problems, Bridgewater Associates founder Ray Dalio said Friday. “Economically strong
According to Ing, the biggest global economic threat is growing debt problems in the U.S. Since 08 the supply of Treasuries has risen 5X to more than $25 trillion. One of Toronto’s oldest boutique investment firms is warning investors that gold could be a good asset to own as the world faces significant threats in
Investors Will Want to Own Gold as ‘America Faces a Debt Reckoning’ Read More »
Moody’s lowered its US credit outlook on Friday to “negative,” signaling a possible downgrade in the future. The ratings agency cited ballooning deficits and political dysfunction. Gross interest on Treasury debt securities jumped 87% from a year ago, fresh data showed. Interest payments reached $88.9 billion last month, as the government finances higher deficit spending.
US Debt Interest Costs Skyrocket 87% as New Federal Fiscal Year Begins Read More »
“In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues, Moody’s expects that the US’ fiscal deficits will remain very large, significantly weakening debt affordability.” “Continued political polarization within U.S. Congress raises the risk that successive governments will not be able to reach consensus on a
US Credit Rating Outlook Lowered to ‘Negative’ by Moody’s as Shutdown Looms Read More »
Your investments, which you think you may own, can be absorbed into the failing financial system without your knowledge. We are in a doom-loop -collapsing collateral values – over $400T nominal in interest rate swaps – this crisis is forcing bond liquidations. In a test case in the New York courts concerning Lehman’s failure, JPMC
Unwinding the Financial System Read More »
Stock investors aren’t paying attention to “demons on the horizon,” Jeffrey Gundlach says. The DoubleLine Capital boss sees a recession next year as companies and consumers feel the squeeze. “The economy is only growing because we have a budget deficit that is 8% of GDP,” he said. “It’s about the same today as the depths
Peter Schiff explains- government spending has created the price inflation Americans continue to struggle with and how it has bankrupted the United States. The Biden administration keeps touting its “investments” in infrastructure and other programs. Meanwhile, average Americans continue to say they’re struggling with price inflation. “All of that government spending is being financed by
Government Spending Has Bankrupted the U.S. Read More »
