National Debt

The Final Show Of The Greatest Country On Earth

Yesterday, the Greatest Show on Earth held its final performance in Uniondale, New York, after 146-years in the business. A century ago this would have seemed impossible... And just like how people viewed Ringling Brothers 100-years ago, it’s difficult for anyone to imagine a world in which the US isn’t the dominant superpower...

George Orwell's Monetary Policy

"Tightening is easing..." Monetary policy is a black box and former Fed chair, Alan Greenspan, acknowledged this more than 20 years ago...

The 21st Century Has Been A Big, Fat Flop

As the new century dawned, U.S. GDP was growing at a rate of about 3% a year... unemployment was near record lows... stocks were at record highs... the government’s finances were stabilizing... the threat of war was low... and new technology, abundant capital, and 20 centuries of compounded learning promised to make it the best ever. But then something went wrong. Or many things went wrong...

"The Brink Of War": The Horror Of The Deep State's Plan Exposed - Part 2

It seems the level and intensity of the propaganda campaigns has ratcheted up dramatically in the last few years. It’s almost as if the Deep State is frantically trying to maintain the status quo, even as the worldwide financial Ponzi scheme of debt approaches the point of collapse. The domestic conditions in Europe, North America, and Asia are deteriorating rapidly. The propaganda doled out trying to convince citizens their financial situation is not worsening has failed.

Peter Schiff: Damn The Deficits, Huge Tax Cuts Ahead!

For once, at least, this does not appear to be Trumpian braggadocio. It really may be the mother of all tax cuts. But if passed, what may this bunker buster do to the economy? While I have rarely met a tax cut I didn’t like, this one just may be more likely to send the economy into a downward spiral than it is to send up to orbit.

Trump Tax Cuts To Add As Much As $7 Trillion In Debt

"Based on what we know so far, the plan could cost $3 to $7 trillion over a decade– our base-case estimate is $5.5 trillion in revenue loss over a decade.... a $5.5 trillion tax plan would be enough to increase debt to 111 percent of Gross Domestic Product (compared to 89 percent of GDP in CBO's baseline) by 2027."