Bill’s commentary:
“Erik on a rampage!”
Bill’s commentary:
“If you understand this chart, then then you understand what the mathematical problem is…”
In January, the $31.4 trillion debt limit—the amount of debt the U.S. government can hold—was reached. That means U.S. cash reserves could be exhausted by June 1 according to Treasury Secretary Janet Yellen. Should Republicans and Democrats fail to act, the U.S. could default on its debt, causing harmful effects across the financial system.
Bill’s commentary:
“The word they are arguing over should be “depression”, not some garden variety recession. In fact, shouldn’t the real discussion be about ‘end of empire’?”
Think seriously for a moment about what we were told about inflation over the last two years. As everybody knows, both the government and the Federal Reserve swore up and down to us that inflation was going to be transitory and they were, of course, dead wrong.
Bill’s commentary:
“If banks are losing deposits, then the next question is, what happens when you starve a Ponzi scheme?”
‘Democracy always collapses following loose fiscal policy; always followed by dictatorship.’ Alexis de Tocqueville. (1805-1859).
BillHolter.com 