National Debt

Frontrunning: March 18

  • Dow's Freakish Bounce Makes Investors Whole, Can't Erase Doubts (BBG)
  • R.I.P. Dollar Rally as Dovish Fed Spurs Worst Slump Since 2011 (BBG)
  • Global Currencies Soar, Defying Central Bankers (WSJ)
  • Oil hits 2016 high above $42 on production and demand outlook (Reuters)
  • The U.S. Is Exporting Its Oil Everywhere (BBG)
  • Hillary Clinton’s Allies Launch Plan to Undercut Donald Trump Now (WSJ)

Much More Than Just Trump

Whether Trump does or does not make it all the way to the White House, the wave he’s riding will only grow stronger, tsunami-strength when the economy collapses and the world descends into war. If the idiot class and its rabble subvert him, a quote from John F. Kennedy will surely come back to haunt them: "those who make peaceful revolution impossible will make violent revolution inevitable."

Alan Greenspan's Pickled Economy

Former Federal Reserve Chairman Alan Greenspan resurfaced this week. We couldn’t recall the last time we’d heard from him. But, alas, the old fellow’s in desolate despair. Any remorse he now has is too little too late. Like a pickled cucumber, his actions, and the actions of his predecessors, can never be undone. Today we’re all living with the exacting consequences of Alan Greenspan’s pickled economy.

Donald Trump Responds To Romney's 'Roundhouse' - Live Feed

Following the unprecedented Romney roundhouse kick to Trump's character, The Donald is about to rebuff "the loser." As John McCain backs Romney's rant, it appears yesterday's Koch Borthers, Icahn, Murdoch mega-donor call for a truce has been broken as Trump prepares to return fire against "failed candidate Romney" and his establishment cronies.

Martin Armstrong's 20-Point-Plan For Donald Trump

"Let’s be realistic. Those supporting Trump distrust government politicians. They really do not care about his message. I at least would prefer Trump not for any policy, but because any career politician will bring the same line of thinking to the table."

David Stockman: The Good, Bad & Ugly Of Donald Trump

At the end of the day, America is on a slippery slope toward failure because the Warfare State and the Welfare State are suffocating what was once a prosperous capitalism and a resilient free society lightly intruded upon by the machinery of state. But now both parties have become handmaidens of the state. Maybe The Donald’s startling but palpable momentum toward the White House will have one saving grace. His relentless campaign against the “politicians” and the Washington money rackets may end up knocking the hypocritical stuffings out of both parties.

Donald Trump Is Right: Here Are 100 Reasons Why We Need To Audit The Federal Reserve

When a leading nominee for President gets something exactly right, we should applaud them for it.  In this case, Donald Trump’s call to audit the Federal Reserve is dead on correct.  Most Americans don’t realize this, but the Federal Reserve has far more power over the economy than anyone else does – including Barack Obama.  The funny thing is that the Federal Reserve is not even part of the federal government.  It is an independent private central bank that was designed by very powerful Wall Street interests a little over 100 years ago.  It is at the heart of the debt-based financial system which is eating away at America like cancer, and it has no direct accountability to the American people whatsoever.

Here's Why (And How) The Government Will "Borrow" Your Retirement Savings

The bottom line is that government needs more money. Lots of it. And there is perhaps no easier pool of cash to "borrow" than Americans’ retirement savings. $7.3 trillion in US IRA accounts is too large for them to ignore. And if you think it’s inconceivable for the government to borrow your retirement savings, just consider the following...

Too Many... Convenient Beliefs

People come to believe whatever they need to believe when they need to believe it. Recent studies of voting patterns confirm the obvious. Zombies vote for higher taxes. Cronies vote for lower taxes. All believe they are voting for matters of principle.

America's National Debt Bomb Caused By The Welfare State

The news is filled with the everyday zigzags of those competing against each other for the Democrat and Republican Party nominations to run for the presidency of the United States. But one of the most important issues receiving little or no attention in this circus of political power lusting is the long-term danger from the huge and rising Federal government debt.

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THE SUM OF ALL FEARS

Because so much is riding on what so few decide,once the faith in the Central Banks fail, the chances of us getting out of this diminish every second...

Total U.S. Debt Surpasses $19 Trillion; Rises $8.4 Trillion Under President Obama

Two months ago, when we calculated that the US would need a new debt ceiling of $19.6 trillion to last until after Obama's tenure, we may have been overoptimistic: since the hard limit of $18.15 trillion which was raised at the end of October, the US appears to be growing its debt at a far faster pace than we had originally expected, and according to the latest public debt data, as of the last day of January, total US debt just hit 19,012,827,698,417.93.