The American economy has been grotesquely distorted by fake-money financialisation.
The US government funded the boom of the last 30 years with debt — which increased, year after year, 2-4 times faster than the GDP needed to pay it.
The stock market may have resumed its selloff sooner than we expected.The Dow fell 660 points after Apple announced weak sales — mostly in China.
After a week at the family farm, we had come back to the city for New Year’s Eve. But hardly had the new year begun when the echoes of the old year filled the streets…
The US dollar is fake money. And the Fed lends it out at fake rates. This is why corporate, consumer, and government debt is so high.
Donald Trump is celebrating the US-Mexico-Canada Agreement. But he’s ignoring the debt bubble that’s going to pop any day now.
Are you thrilled by booming stock prices? Well, don’t be. An expansion of debt will always lead to a contraction of debt. A crash is looming on the horizon.
Trump is at odds with the Federal Reserve for raising interest rates. But, really, this is an old problem that first started with Clinton and Greenspan.
It’s a mind-boggling number: $9 trillion. That’s how much the United States is in debt right now. How did we get here? And what’s going to happen next?
American farmers are hurting from the trade war. Donald Trump’s solution is a bailout. But it will only add to America’s mountain of debt.
The Trump administration previously said that its budget deficit would be $526 billion. Unfortunately we now know it will be twice that much — over $1 trillion.
The numbers don’t lie. Donald Trump’s tax cuts is creating a skyrocketing debt problem that will prove unsustainable in the years to come.