Bill’s commentary:
“Have you ever seen a hamster on a treadmill?”
The cost of servicing the federal debt hit the highest level in 23 years in the first quarter of this year, a Thursday report from the Bureau of Economic Analysis indicated, showing the rising strain of massive deficits on government finances.
Federal spending on interest payments rose to 3.5% of GDP, the highest such mark since the first quarter of 2000. In dollar terms, the federal government spent about $230 billion on interest in the quarter.
Bill’s commentary:
“And during a time of war, charging stations will just “pop up” where they are needed?”
As if the US military was not already crippled by woke activism at the highest levels of the Department of Defense, the latest news suggests that the nation’s military vehicle fleet will be hobbled as well.
Biden Energy Secretary Jennifer Granholm, a Canadian born lawyer with no military background, testified Wednesday to the Senate Armed Services Committee that she supported requiring the United States military to move to an all-electric vehicle fleet by 2030. That’s less than seven years.
Bill’s commentary:
“Nothing to see here, please move along …”
The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting efforts by Beijing to internationalize use of the yuan.
Cross-border payments and receipts in yuan rose to a record $549.9 billion in March from $434.5 billion a month earlier, according to Reuters calculation based on data from the State Administration of Foreign Exchange.
Bill’s commentary:
“That last chart, gold and silver have THE largest cup and handle formations I have ever seen!”
‘None are more hopelessly enslaved than those who falsely believe they are free.’ Johann Wolfgang von Goethe. (1749-1832).
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