The Democrats were early adopters of the ‘deficits don’t matter’ flapdoodle. Once in power, Republicans found it useful, too.
Hot money is only useful for speculators. They can use it to take leveraged positions in stocks and bonds — where they know they can unload them and get out at a moment’s notice.
The Trump tax cut was no real cut at all. The average person will save less than 2% on his tax bill. But his real cost of government went up — 10 times as fast.
The ‘stimulus’ programme is a wealth transfer scheme pretending to be economic policy. The Deep State, Washington, Wall Street, and The Swamp all benefit from it.
The Fed put in $3.6 trillion of fake new money. And the federal government ran some $11 trillion in deficits. Result: The greatest stimulus of all time produced the weakest recovery on record.
Both Republicans and Democrats now put their faith in stimulus. The Republicans aim to stimulate the economy with tax cuts. The Democrats look to bigger deficits.
GDP is falling, not rising…at a 6% annual rate. And if this keeps up, it will rival America’s Great Depression in severity.
GDP is increasing at 2.5% per year. Federal debt is increasing twice as fast. No way is that going to have a happy ending.
When a recession comes, annual borrowing will soar to $2 trillion, probably sending total government debt to $40 trillion by 2030.
The idea of putting Mr Moore in at the Fed is to make sure it stays in line. The Fed today is by, for, and of the Deep State. The Donald doesn’t want it getting…
Last week, we were looking at who pays unpayable federal debt. As we studied the subject, a whirlwind of staggering news blew up.
This week, we’ve been exploring the age-old question: Who pays unpayable debt? The borrower?The lender? Someone else?
Show us the politician who wins the White House by promising to cut the voters’ benefits, raise their taxes, and end military boondoggles all over the planet? He doesn’t exist.
Still no visible crack in the stock market. But the economy may be breaking down. First, there is growing recognition that the Obama/Trump recovery has been a flop.