United States Public Debt Should Stop Congress Recess

If Congress goes on their one-month vacation in August without coming to a deal on the United States public debt, I think the stock market goes into a downward correction. We may not even need to wait that long. Congress has about 6 weeks to come together and reach a deal to raise the debt ceiling.

United States Public Debt Scam

What Democrats did was to run up the national debt so high, that austerity would be forced on the next administration which would all but assure that person a one-term President. We know this because Democrats admit asking Yellen to keep interest rates low and to not raise them until after the election.

Credit Suisse said that they think markets may well be able to continue without too much consternation through most of July, but if it becomes apparent that Congress will head out on its August recess – which lasts the entirety of that month-having made no progress, then fears of a delayed or missed payment should start to build.

Why is Congress going on a one-month vacation before raising the debt ceiling? You don’t use the debt ceiling to enforce austerity. That’s like using Accounts Payable to control spending costs.

Effects of Climate Change, Who Cares? Trump Pulls US Out

effects of climate changePresident Trump has honored his campaign promise to pull the US out of these globalist run bureaucracies that tax Americans in the name of bad effects of climate change (see Washington Post link above). You go honeybadger Trump! Trump supporters finally have something to be happy about again.

Effects of Climate Change, Who Cares?

We all want a clean environment for ourselves and future generations but Democrats under the Obama Administration destroyed our economy and middle class in an attempt to control the effects of climate change. With $20 trillion in debt and most Americans struggling just to keep a roof over their heads and food on the table, it’s criminal that US citizens are taxed and those tax dollars are sent to a non-elected globalist run bureaucracy of socialists whose goal is to create a one-world order.

The message is not that we don’t care about the environment. The message is that America has been run into the ground by decades worth of rule under Republican and Democrat administrations that milked the US tax payer for hundreds of billions of dollars while crony environmental capitalists like Elon Musk made a fortune. The message is that free handouts from America are over because we are on the verge of bankruptcy after decades of high taxes and jobs shipped offshore to places like Mexico and China.

Climate change and President Trump’s announcement…

President Trump will announce the position of the U.S. on climate change today. This is huge folks. The globalists have used the fear of environmental pollution to take billions of US tax payers money. Will President Trump break his campaign promise to get out of the Paris agreement, or will he move to the left to appease globalists at the expense of Americans?

The Globalist Climate Change Agenda

The Democrats should have done a better job managing the economy and the national debt instead of taking us to the brink of bankruptcy. Now, with the country in $20 trillion in debt and middle-class Americans struggling to pay the bills, it’s stupid to give so much money away to the globalist agenda in the name of climate change IMO.

Let’s help out Americans by getting the economy going and wages up, we can always revisit this issue a few years from now when we have the money and means to get back into the Paris agreement.

With So Much Debt In the US Economy, Is It Even Possible To Grow Faster?

The US national debt just broke above $19.5 trillion. Both Democrats and Republicans are to blame, but it is important to note that President Obama and Democrats increased the national debt more than all President’s before combined.
Continue reading “With So Much Debt In the US Economy, Is It Even Possible To Grow Faster?”

Countries Dump U.S. Debt At Record Pace

In 2016, foreign countries have dumped a shocking $192 billion worth of U.S. Treasury bonds. This dumping of bonds is the biggest selloff of U.S. debt since 1978.

China, Japan, France, Brazil and Colombia are the leading countries that are dumping U.S. debt.

U.S. Treasury bonds are the safest investments in the world. Countries often hold large portions of their cash reserves in U.S. Treasury bonds. Countries are dumping U.S. debt because they need the money.

Most countries are selling everything including the kitchen sink to come with the money required to pay the bills and to try and stimulate their economies.

Foreign sales of U.S. debt appear to be primarily driven by economic necessity.

Debt Sales Also Driven By Record National Debt

The U.S. debt held by China is $1.243 trillion, as of April 2016. That’s 30% of the $4.046 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $19 trillion debt is owned by either the American people or by the U.S. government itself.

Between 1789 and 1992, the entire national debt was about $4 trillion. Today, $4 trillion is just what we owe other countries. The total $19.3 trillion national debt could be spooking U.S. debt buyers. At what point do debt buyers begin to question the ability of the U.S. government to service the $19.3 trillion national debt? The U.S. government can’t even hike rates more than a quarter-point some seven years after the last recession because the economy is so weak. If the U.S. economy goes into another downturn, that will mean more stimulus and spending that will drive the national debt beyond $23 trillion in the blink of an eye.

U.S. government debt as a percent of GDP has recently broken above 100%.

[graphiq id=”4iWDyD7B3YF” title=”Gross Government Debt of United States in Percent of GDP” width=”440″ height=”582″ url=”https://w.graphiq.com/w/4iWDyD7B3YF” link=”http://country-facts.findthedata.com/l/1/United-States” link_text=”Gross Government Debt of United States in Percent of GDP | FindTheData” ]

With the U.S. consumer’s buying power destroyed by years of offshoring at the hands of corrupt political parties taking money from foreigners, what value does the U.S. have beyond its natural resources? At some point holding U.S. debt becomes too risky and not worth the low yields paid as shown in the chart below.