03/20/2024
Moran is just as bad so why Yay? Another Rep. rubber stamp. In fact both parties are corrupt pretending to provide us a democracy. It's debatable when or why our govt. went wrong. One thing for sure, This Congress & President continued by resolution the unsustainable 2019 budget, tax cuts, and reseated Powell's qualitative easing buying 10s of millions/week debt with debt fighting inflation and recession pressure. The fed reserve $3 trillion precovid debt increased to $9 trillion saving trumps legacy from recession. The fed failed to meet its commitment to reduce its debt to $7 trillion by 2023, still $9 trillion. Fed 2 year to 30 year prime rates are manipulated a few points from 4.3% with an $8 trillion debt. Japan's negative prime rates trickled above 0% after years. Japan's debt/gdp 300% last time I checked, and owned $2 trillion of USA debt. West's central banks are all playing musical chairs using the petro-dollar reserve International Monetary Fund IMF clearing house. The IMF clearing house USA credit gifts Ukraine a billion military aid to attack Russia. Hence the IMF is an existential threat to BRICS allies. They postponed another last minute govt. shutdown by blaming each other and a CR. Sec. Yellin years ago said Powell was trumps biggest mistake as USA debt would be $50 trillion by 2025, then Biden added BBBetter, Omnibus, Ukraine aid, Taiwan aid, Israel aid, & re-seated Powell to continue QE before EU, Japan, USA central banks & govt. debt defaults. United States of Amnesia knuckleheads apparently can't balance a checkbook. You will lose your SS you paid for, your Medicare, your, pensions, me too...
Before bankruptcy, I would use all my unlimited unaccountable credit to go on a spending spree. I would start a war to blame my fiscal irresponsibility on Russia, the other majority party. I wouldn't risk a nuclear war much less an unwinnable proxy war of attrition on Russia's border. Would you? If I was Putin, I would also compel the West to increase deficit spending for Ukraine military aid, or Xi for Taiwan 100 miles from China... or the Afghans to withdraw in the middle of the summer fighting season capturing billions of dollars of military equipment & abandoning collaborators. Niger just kicked us out of our 3 military bases with France to regain control of their natural resources being pillaged. Why aren't we redeploying our troops to our S. border to control the flood of refugees and bad actors pouring in? Is it too late to agree to stop expanding NATO to Ukraine which is what Putin demanded for peace? Ukraine mercanaries are now penetrating into Russia. How long will it be before Russia drops an ICBM on Kiev? Never, because the proxy war on Russia's border benefits the downfall of Western govts. and the IMF. We are the existential threat to BRICS allies. We lost the moral high ground long before the Zionist genocide, long before the 2 decades in Afghanistan, long before the unwinnable Iraq with no WMDs destabilizing the middle east forever. Long before the unwinnable Vietnam police action. Occupation pacification of another country, culture with a different language is doomed to fail creating militant insurgents from collateral damage. Yet we have 800 bases around the world and an uncontrolled refugee border crisis. Just look at our mirror image around the world and put your shoe on the other foot. Our two self serving front runners for President, a reelected swamp likely, and 2 party system legislating to make the other majority fail for seats, and a misguided misinformed ignorant divided country means the dooms day clock is close to midnight.
What caused 9/11? Why did the USA block a UN investigation into the destruction of the nordstream pipeline crippling the German mfr. economy? Why were we financing Wuhan lab & Ukraine lab bioweapon research against our laws. What happens when OPEC + allies stops trading in petro-dollars or increases price of oil? Inflation and years of depression? Our largest employer is the govt. labor and labor is the first corporate cut, by seniority? When California & New York unsustainable debt defaults... Assume droughts continue and Colorado water supply can't support other states demand.
Powell today lips moving, lying inflation a bumpy road to 2%. No questions about fed reserve debt. US stocks hit record high. No questions about proxy war aid, deficit spending, debt ceiling, Prime rates were a few points plus minus 4.3%, but now 5.5%. In 2019 when inflation squeezed to zero, bond investors fled the bond market fearing inflation, inevitable inflation. Powell not worried about balance sheet, debt?
Powell looking at a slowing pace of asset runoff, decreasing debt.
Oh, fed funds rate 5.5%. prime rates still about 4.6% 2year, 30 year 4.4%. CBDC digital dollar is being studied. Appropriate to begin easing later this year (qualitative easing is buying debt with debt
Inflation wasn't caused by wages. Didn't address what was, squeezing inflation to zero, bond investors fled the market creating excess liquidity.
Bloomberg- fed focused on growth, not inflation? How could inflation be coming down justifying 3 rate cuts in 2024? He double talked about fed debt as adjusting balance sheet as if economy is slowing needs rate cuts, increasing liquidity, increasing inflation...
Labor force will increase this summer when schools out will be used to justify rate cuts, to support BS narratives ignoring debt inflation, no debt ceiling, deficit spending, a recession much less years of depression, or proxy wars...
Gold, a hedge against inflation recently jumped $100 oz. to $2165. Prime rate still fighting inverted yield rate signalling recession coming.
Fed actions conspire to kick the can down the road for the next president to deal with, benefiting Biden. Fed debt is $7.5 trillion, rarely revealed.
