Tag: debt

Trump Playing Chess As Interest Rates Drop on Tariff Announcement, Bringing Costs Down (The Others Are Playing Checkers)

President Donald Trump shared a video on social media Friday indicating that he’s playing chess rather than checkers with his tariff policy, given one result has been that interest rates have dropped.

Trump reposted the video on Truth Social, which another user originally created for TikTok, showing that he’s not particularly upset about the stock market taking a major nosedive over the last two days since he announced his new tariff policy.

The president said that he would be charging countries essentially half what his administration calculates, on average, they are imposing on the United States.

Further, there will be a 10 percent baseline across the board.

According to the video Trump reposted, he is “crashing the stock market by 20 percent this month, but he’s doing it on purpose.”

“Why is he doing this? To push cash into Treasuries, which forces the Fed to slash interest rates in May, and those lower rates give the Fed the ability to refinance trillions of debt very inexpensively. It also weakens the dollar and drops mortgage rates,” the narrator of the video said.

Lower interest rates for the consumer mean credit card payments fall and mortgage payments do too, which all puts money in the pockets of Americans.

Many have noted on social media — including venture capitalist and co-host of the “All-In Podcast” Chamath Palihapitiya, a Trump supporter — that the yield for 10-year Treasury bonds dropped to under 4 percent after the president’s Wednesday tariff announcement.

The reason is that when investors flee from stocks, they tend to go to Treasury bonds as a safe haven. When many people want to buy bonds, the yield goes down because it becomes a seller’s market. Buyers are willing to take less yield in exchange for higher security.

The video Trump shared above stated that one benefit from this trend will be tens of billions in savings to the federal Treasury in interest payments.

The total interest payment on the nation’s over $35 trillion in national debt last year was $881 billion, surpassing the total defense budget.

Finance expert Tanvi Ratna argued on X that what Trump is engaging in is a “full spectrum reset.”

“Start with the debt: $9.2T must be refinanced in 2025. If rolled into 10-yr bonds, every 1 basis point drop in rates saves approx $1B/year; so a 0.5% drop would save $500B over a decade. Lower yields free up fiscal room—without them, core spending gets crowded out,” she wrote.

One basis point is 0.01% (1/100 of a percent) or 0.0001 in decimal form. Here is the further breakdown of her calculations.

more of this advanced math and Trump making moves instead of kicking the can down the road like every other president is found here

Top 3 Reasons Voters Gave For Not Supporting Harris

No one mentioned being incompetent, a tremendously poor candidate, unlikeable, and not doing anything of note other than being a DEI hire, but here is what they said:

An exit poll released by Democratic polling firm Blueprint outlined the top three reasons voters nationwide gave for not supporting Vice President Kamala Harris, the Democratic nominee, in her 2024 bid for U.S. president.

Democratic presidential nominee, Vice President Kamala Harris speaks on stage as she concedes the election, at Howard University in Washington on Nov. 6, 2024. Justin Sullivan/Getty Images

The leading issue for voters was that inflation is too high. This was followed by the Biden–Harris administration allowing in too many illegal immigrants, and that Harris focused too much on cultural topics like transgender issues rather than the middle class.

The poll asked 3,262 national and swing state voters in the two days following the 2024 election to rate the importance of potential reasons for their decision to vote for President-elect Donald Trump instead of Harris.

In addition to inflation, illegal immigration, and Harris’s focus on transgender issues, the next three factors named by all voters were that debt rose too high under the Biden–Harris administration, that Harris is too similar to President Joe Biden, and that Harris would let in even more illegal immigrants. One choice that scored high among swing state voters in particular was that “Democrats did a bad job running the country.”

“In the end, Harris couldn’t outrun her past or her party—perhaps it was a lack of time, but it was certainly a vice grip that proved impossible to escape,” the polling report’s authors wrote.

The factors of least concern to voters were that Harris was too pro-Israel, too conservative, or not similar enough to Biden.

The poll’s findings were published as top Democrats reel from Tuesday’s election results, point fingers, and assign blame for who’s responsible for Trump’s sweep of the seven battleground states.

“In this election, Americans have made their voice clear: Democrats need to focus more on issues Americans care about, like wages and benefits, and less on being politically correct … Democrats have been too intimidated to speak up for the same values that many of us hold dear—the American Dream, public safety, and a common sense of right and wrong among them,” Rep. Tom Suozzi (D-N.Y.) wrote in a Nov. 7 post on X.

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Why Are They Trying To Destroy Us And America?

By Victor Davis Hanson on X.

If someone wished to destroy America, could he do anything more catastrophic than what we currently see and hear each day? What would an existential enemy do that we have not already done to ourselves?

Here are eleven now familiar steps to civilizational destruction:

1) Wipe out a 2,000 mile border. Allow 10-million foreign nationals to enter unlawfully. Have no audit of any; nullify all federal immigration laws. Let toxic drugs in that kill 100,000 Americans a year. Give free support for those millions who broke the law. Smear any objectors as racists and xenophobes.

2) Run up $35 trillion in national debt. Keep adding $1 trillion to it each 100 days. Defame anyone wishing to cut wild spending as cruel and inhumane.

AP Award-Winning Photograph of murdered rape victim being transported to Gaza for purposes of necrophilia.

3). Appease or subsidize enemies like Iran and China. Demonize allies like Israel. Allow terrorists to attack Americans without response. See Islam as either similar or superior to Christianity. Make amends to leftist governments for supposedly past toxic American international behavior. Follow the lead of international agencies like the UN, ICC, and WHO to atone forpast American neocolonial and imperialist behavior. Recede to second-tier international status, befitting American decline.

4) In a multiracial democracy, redefine identity only as one’s tribal affiliation. Ensure each identity group rivals the other for victimhood and the state spoils it confers. Redefine all political issues by race and sex oppressors and oppressed. Destroy all meritocratic standards of admission, retention, promotion, and commendation.

5) Redefine violent crime as understandable, cry-of-the-heart expressions of social justice. Ensure no bail and same-day release for arrested, repeat violent felons. Empathize with the violent killer and rapist; ignore their victims, especially if slain police-officers.

6). Emasculate the military by using non-meritocratic standards of race, gender, and sexual orientation to determine promotion and commendation. Deliberately smear as racists and insurrectionists the largest demographic in the military who in recent wars died at twice their numbers in the population—so that they leave or never join the military. Encourage retired high officers to slander their Commander-in-Chief. Cut the defense budget. Stop producing sufficient weapons, but leave billions of dollars’ worth of arms to terrorists.

7) Reinvent the justice system to indict, bankrupt, convict, jail and eliminate political opponents. Use ballot removal, impeachment, civil suits, and state and federal indictments rather than elections to defeat an opponent. Mob the homes of non-compliant Supreme Court Justices, attack them personally by name.

8) Encourage the fusion of the bureaucratic state with the electric media to form a powerful force for political audit, surveillance, censorship, and coercion. Marry the FBI to Silicon Valley and hire its contractors to warp the news and hound supposed enemies of the people.

9.) Make war on affordable gasoline and natural gas. Substitute inefficient, unreliable, and expensive wind and solar power, even as energy prices bankrupt the middle class.

10.) Marry late, but preferably not at all. Consider males toxic, especially boys. Have no children, or as few as possible. Otherwise, assure children they are entitled, and must be sheltered.  Raise them to have grievances against past generations and current norms.

11.) Turn world-class universities into indoctrination centers. Suspend the Bill of Rights on campuses. Train youth to graduate despising their own culture and civilization. Recruit foreign students from hostile nations to subsidize campus commissarbloat. Replace the curriculum with therapeutic propaganda. Ban the SAT/ACT and do not evaluate high school GPAs. Ensure merit does not select the student body. Charge tuition higher than the rate of inflation. Bill the government when students default on their loans.

So why are those controlling Biden using him to advance much of such a destructive agenda that would end America as we know it?

1) They are delusional and think their socialist and globalist agendas are working and will save us.

2) They are raging nihilists who do not like the U.S. and deliberately want it destroyed as a service to the world. A ruined U.S. is preferable to a strong America.

3) They are Jacobin revolutionaries who are intentionally erasing the old United States as a prerequisite for creating an entirely new America that will arise from the ashes with no trace or even memory of its past.

4) They have no agenda. They are aimless fools, and utter incompetents. These bunglers just wing it day-to-day, in response to what their radical media, academic, and political masters dictate is necessary for them to retain power. They have no idea of the damage they are doing.

5. A bit of 1-3, but probably not 4.

Follow Victor Davis Hanson on X. Editor’s note: Answer? It’s Obama and his DSA, Farrakhan, Jeremiah Wright, and Mullah acolytes. 

The Website Biden Wants Down, Rhetoric Vs Reality

Bidenomics: Rhetoric vs Reality

Debt, deficits, cost of living and other lies.

If you ask Americans what they think of the U.S. economy, they will tell you things are not good. Americans are stressed about the family budget. They worry about falling behind financially. They feel like what they’ve worked so hard to earn could be gone in an instant. But if you ask President Biden, the economy couldn’t be better – so good that he put his name on it: Bidenomics.

The President brags a lot about the economy, so we decided to look at what the President has been saying, compare that to the facts on the ground, and let you decide for yourself.

Habits That Will Make You Poor

My son called it wearing your paycheck. Various genders, ethnicities and race all have their favorite names.

They will make you poor in more than you wallet. Many will kill your health, shortening your lifespan. A lot of them will prevent you from retiring early or keeping out of debt.

As an Introvert, I hate people that show off or have to prove they are something because of what they have or do.

People should notice what you do and who you are rather than showing off. That is a terrible trait.

I shake my head when I drive by a Starbucks and the line is long. Over priced coffee is just coffee at the end of the cup. Then you are a dumbass.

Don’t do these.

College Loans And Other Worthless Things, Like Happiness Studies And Gender Degrees

Why take out a loan for a useless degree, like in the title. You’ll be working at Starbucks. Seriously, some people shouldn’t go to college. If we had an apprentice program, a lot of people would get on the job training without incurring massive debt for no reason.

A lot of people that shouldn’t be accepted into the Ivy Leagues are based on affirmative action. They are saddled with tremendous debt and a lot of them with no or a useless degree, like Happiness, women’s studies, African studies and gender studies. There just aren’t a lot of jobs for that currently.

Worst of all, the Squad wants us to forgive the trillions of loans. I got news for you girls:

For AOC

Here is the gist of the story.

You can earn an MA in Happiness Studies at Centenary University in New Jersey for only $17,700. The university wants “to lead the happiness revolution by educating leaders who are themselves dedicated to personal, interpersonal and communal flourishing,”

The degree is probably as useful as a women’s studies degree.

Centenary University’s program will “explore the implications of happiness for individuals, the workplace, and our broader society,” according to the college’s announcement. It’s set to launch virtually in the fall and will cost students $17,700.

Student loans drove up Tuition. Campaign promises are raising the hopes of people who got themselves in trouble, either from ignorance or ideology (note the degrees above).

Some can make a go of it with a loan and a degree. That is not one size fits all. That is one size fits few really.

It is a lesson in responsibility if you took out a loan. It’s how the world really works. There is your degree.

Life Is Hard, And Here’s Why

Ah yes, choices. They separate the wheat from the chaff.

My Mom told me that life is about having to climb mountains, a figure of speech for problems. Once you climb the top, there will be the next one.

We know the right choice and many times don’t pick it. Actions have consequences, choose wisely.

Milton Friedman On Freedom and Society

Milton Friedman quote: A society that puts equality before freedom will get neither. A society that...

I like people that are informed and right most of the time. Friedman was both. He was an economist. I take it for what it is. I suppose there are political overtones if you want to read into it, but I am trying to stay out of that pool so don’t.

There is a lot of things that can hold us hostage like addiction, debt, lying….you recognize them.

How Warren Buffet Can Fix the Debt and Deficit Problem in 5 Minutes

It’s worth your read and is worth doing.  We should press for this:

Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:

“I could end the deficit in 5 minutes,” he told CNBC. “You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.

The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days to be ratified! Why? Simple! The people demanded it. That was in 1971 – before computers, e-mail, cell phones, etc.

Of the 27 amendments to the Constitution, seven (7) took one (1) year or less to become the law of the land – all because of public pressure.

Warren Buffet is asking each addressee to SHARE this on Facebook or forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise.

In three days, most people in The United States of America will have the message. This is one idea that really should be passed around.

Congressional Reform Act of 2012

1. No Tenure / No Pension.

A Congressman/woman collects a salary while in office and receives no pay when they’re out of office.

2. Congress (past, present & future) participates in Social
Security.

All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.

3. Congress can purchase their own retirement plan, just as all Americans do.

4. Congress will no longer vote themselves a pay raise.
Congressional pay will rise by the lower of CPI or 3%.

5. Congress loses their current health care system and
participates in the same health care system as the American people.

6. Congress must equally abide by all laws they impose on the American people.

7. All contracts with past and present Congressmen/women are void effective 12/1/12. The American people did not make this contract with Congressmen/women.

Congress made all these contracts for themselves. Serving in
Congress is an honor, not a career. The Founding Fathers
envisioned citizen legislators, so ours should serve their
term(s), then go home and back to work.

If each person SHARES this on Facebook or contacts a minimum of twenty people then it will only take three days for most people (in the U.S. ) to receive the message. Don’t you think it’s time?

THIS IS HOW YOU FIX CONGRESS!

Fiscal Cliff Put Into Perspective of a Household Income

Lesson #1:
U.S. Tax revenue: $2,170,000,000,000
* Fed budget: $3,820,000,000,000
* New debt: $ 1,650,000,000,000
* National debt: $14,271,000,000,000
* Recent budget cuts: $ 38,500,000,000
Let’s now remove 8 zeros and pretend it’s a household budget using the
Same numbers:
* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total budget cuts so far: $385.00
Easier to understand ??…….OK now,
Lesson #2:
Here’s another way to look at the Debt Ceiling:
Let’s say, You come home from work and find
There has been a sewer backup in your neighborhood….
And your home has sewage all the way up to your ceilings.
What do you think you should do ……
Raise the ceilings, or remove the sewage?

Economy Signs in the USA and EU that WE ARE IN DECLINE, PROTECT YOURSELVES

Two disturbing articles came my way.  I watch the economy and look for trends.  I found two that are similar because of political policies, yet would be so easy to fix if the respective governments would stop spending, handing out money to those who don’t deserve it, stop handing to themselves and stop the regulations.

We are headed into a depression and it appears that is what the governments want.  History shows they can control a distressed population more easily than a productive, self-reliant successful one…so the preponderance of evidence shows it is intentional.

You’ve been warned, get out of debt, get a strong cash position, stock up on supplies (they are much cheaper now before inflation) and do everything you can to be self reliant rather than convenient.  This is against all the pundits who want you to buy into this is just a phase, just like right about 1926.

Here they are.

THE USA

Link to the full article here:

#1 According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001.  That number dropped to 21.6 percent in 2011.  That is not just a decline – that is a freefall.  Just check out the chart in this article.

#2 According to The Economist, the United States was the best place in the world to be born into back in 1988.  Today, the United States is only tied for 16th place.

#3 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

#4 According to the Wall Street Journal, of the 40 biggest publicly traded corporate spenders, half of them plan to reduce capital expenditures in coming months.

#5 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.

#6 America once had the greatest manufacturing cities on the face of the earth.  Now many of our formerly great manufacturing cities have degenerated into festering hellholes.  For example, the city of Detroit is on the verge of financial collapse, and one state lawmaker is now saying that “dissolving Detroit” should be looked at as an option.

#7 In 2007, the unemployment rate for the 20 to 29 age bracket was about 6.5 percent.  Today, the unemployment rate for that same age group is about 13 percent.

#8 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

#9 If you can believe it, approximately one out of every four American workers makes 10 dollars an hour or less.

#10 Sadly, 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

#11 Median household income in America has fallen for four consecutive years.  Overall, it has declined by over $4000 during that time span.

#12 The U.S. trade deficit with China during 2011 was 28 times larger than it was back in 1990.

#13 Incredibly, more than 56,000 manufacturing facilities in the United States have been shut down since 2001.  During 2010, manufacturing facilities were shutting down at the rate of 23 per day.  How can anyone say that “things are getting better” when our economic infrastructure is being absolutely gutted?

#14 Back in early 2005, the average price of a gallon of gasoline was less than 2 dollars a gallon.  During 2012, the average price of a gallon of gasoline has been $3.63.

#15 In 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 55.1 percent are covered by employment-based health insurance.

#16 As I have written about previously, 61 percent of all Americans were “middle income” back in 1971 according to the Pew Research Center.  Today, only 51 percent of all Americans are “middle income”.

#17 There are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

#18 According to the U.S. Census Bureau, the poverty rate for children living in the United States is about 22 percent.

#19 Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned.  By 2007, that figure had soared to $1.48.

#20 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

#21 Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.

#22 The value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was first created.

#23 According to one survey, 29 percent of all Americans in the 25 to 34 year old age bracket are still living with their parents.

#24 Back in 1950, 78 percent of all households in the United States contained a married couple.  Today, that number has declined to 48 percent.

#25 According to the U.S. Census Bureau, 49 percent of all Americans live in a home that receives direct monetary benefits from the federal government.  Back in 1983, less than a third of all Americans lived in a home that received direct monetary benefits from the federal government.

#26 In 1980, government transfer payments accounted for just 11.7 percent of all income.  Today, government transfer payments account for more than 18 percent of all income.

#27 In November 2008, 30.8 million Americans were on food stamps.  Today, 47.1 million Americans are on food stamps.

#28 Right now, one out of every four American children is on food stamps.

#29 As I wrote about the other day, according to one calculation the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”

#30 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, one out of every 6 Americans is on Medicaid, and things are about to get a whole lot worse.  It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#31 In 2001, the U.S. national debt was less than 6 trillion dollars.  Today, it is over 16 trillion dollars and it is increasing by more than 100 million dollars every single hour.

#32 The U.S. national debt is now more than 23 times larger than it was when Jimmy Carter became president.

#33 According to a PBS report from earlier this year, U.S. households that make $13,000 or less per year spend 9 percent of their incomes on lottery tickets.  Could that possibly be accurate?  Are people really that foolish?

#34 As the U.S. economy has declined, the American people have been downing more antidepressants and other prescription drugs than ever before.  In fact, the American people spent 60 billion dollars more on prescription drugs in 2010 than they did in 2005.

THE EUROPEAN UNION

Link to the full article here:

The following are 11 facts that show that Europe is heading into an economic depression…

1. The economies of 17 out of the 27 countries in the EU have contracted for at least two consecutive quarters.

2. Unemployment in the eurozone has hit a brand new all-time record high of 11.7 percent.

3. The unemployment rate in Portugal is now up to 16.3 percent.  A year ago it was just 13.7 percent.

4. The unemployment rate in Greece is now up to 25.4 percent.  A year ago it was just 18.4 percent.

5. The unemployment rate in Spain has hit a brand new all-time record high of 26.2 percent.  How much higher can it possibly go?  This is already higher than the unemployment rate in the United States ever reached during the Great Depression of the 1930s.

6. Youth unemployment levels in both Greece and Spain are rapidly approaching the 60 percent level.

7. Earlier this month, Moody’s stripped France of its AAA credit rating, and wealthy individuals are leaving France in droves as the socialists implement plans to raise taxes to very high levels on the rich.

8. Industrial production is collapsing all over Europe.  Just check out these numbers…

You don’t have to be an economic genius to understand that the perpetual uncertainty over the Eurozone’s future has led to a widespread freeze on industrial investment and development. Industrial production is collapsing at an accelerating rate, falling 7% year-on-year in Spain and Greece, 4.8% in Italy, and 2.1% in France.

9. There are even trouble signs in the “stable” economies in Europe.  In Germany, factory orders in September were down 3.3 percent from the month before, and retail sales in October declined 2.8 percent from the previous month.

10. The debt of the Greek government is now projected to hit 189 percent of GDP by the end of this year.

11. The Greek economy has shrunk by more than 7 percent this year, and it is being projected that the Greek economy will contract by another 4.5 percent in 2013.

But sometimes you can’t really get a feel for how bad things really are over there just from the raw economic numbers.

Many people that are living through these depression-like conditions are totally giving in to despair.  Just check out the following example from an RT article from earlier this year…

A 61-year-old Greek pensioner has hung himself from a tree in a public park after succumbing to the pressure of crushing debt. A note in his pocket indicates he is merely the latest in a rash of economic crisis-induced suicides.

The pensioner’s lifeless body was found dangling by an attendant in a public park not far from his home in the suburb of Nikaia, Athens. The attendant also found a suicide note in the man’s pocket, The Athens news reports.

The man, identifying himself as Alexandros, said he was a man of few vices who “worked all day.”  However, he blamed himself from committing one “horrendous crime”: becoming a professional at the age of 40 and plunging himself into debt. He referred to himself as a 61-year-old idiot who had to pay, hoping his grandchildren would not be born in Greece, as the country’s prospects were so bleak.

How Warren Buffet Ends The Deficit in 5 Minutes

Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling …

“I could end the deficit in 5 minutes,” he told CNBC.  “You just pass a law that says that any time there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.”

The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months and 8 days to be ratified!  Why?

Simple!  The people demanded it.

That was in 1971 – before computers, e-mail, cell phones, etc.

Of the 27 amendments to the Constitution, seven (7) took one (1) year or less to become the law of the land – all because of public pressure.  Warren Buffet is asking each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise.  In three days, most people in The United States of America

will have this message.

 1. No Tenure/No Pension

A Congressman/woman collects a salary while in office and receives no pay when they’re out of office.

2. Congress (past, present & future) participates in Social Security.

All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.

3. Congress can purchase their own retirement plan, just as all other Americans do.

4. Congress will no longer vote themselves a pay raise.

Congressional pay will rise by the lower of CPI or 3%.

5. Congress loses their current health care system and participates in the same health care system as the American people.

6. Congress must equally abide by all laws they impose on the American people.

7. All contracts with past and present Congressmen/women are void effective 12/1/12.

The American people did not make this contract with Congressmen/women.

Congress made all these contracts for themselves.

Serving in Congress is an honor, not a career.

The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and back to work.

If each person contacts a minimum of twenty people then it will only take three days

for most people (in the U.S.) to receive the message.

Don’t you think it’s time?

The Guarantee of Hyperinflation

Economist John Williams of Watchdog.com describes why we will suffer from hyperinflation that will begin no later than 2014 and why.

Open ended QE will cause treasury debt which leads to long range insolvancy of the US Government.  If they had to report income under GAAP (Generally Accepted Accounting Principles)  rules, we are losing $5 trillion annually.   Taking 100% of peoples income would still not pay for this debt.

We are broke.

Government has been kicking the bucket down the road and the result will be inflation.

The global loss of confidence in the dollar happened with the raising of the debt ceiling last year.

The Fed’s primary goal is to keep the banking system solvent.  They haven’t done anything to stimulate the economy.

More evidence that inflation is just around the corner from the Federal Reserve Bank of Dallas.