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Apr 2 - America's Financial Collapse Accelerates - Real inflation



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 3 months ago '17        #1
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DavidTheMan  topics gone triple plat - Number 1 spot x1
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Apr 2 - America's Financial Collapse Accelerates - Real inflation
 

 
 https://mises.org/mises-w .. se-accelerates

America's Fiscal Collapse Accelerates
Peter St. Onge
34 minutes

In case you thought anybody in Washington was driving this thing, they are not.

Its official: the Department of Treasury is now issuing debt at pandemic levels. Its worth noting the pandemic record was double the previous record, which had stood for 231 years.

In raw numbers, the latest numbers for Q4 2023 show Treasury issued $7 trillion in new debt. For the entire year, it came to $23 trillion.

image


This has bloated the Treasury market to $27 trillion up 60% since the pandemic. In other words, one-third of Treasuries have fresh ink on them. And it's up roughly sixfold since the 2008 crisis.

Meaning if we hit another crash, it could be a lot bigger.
Sending US Economy to Defaults

At this point, federal debt is rising by $1 trillion every 90 days, and US government spending as a percent of GDP is at World War 2 levels.

Bottom of Form

Given we're not in a World War in theory nor are we in a pandemic, why is there so much debt? Easy: it's buying growth.

Or, as Balaji Srinivasan puts it: The economy isn't real. It's propped up by debt. They will fake it till they break it.

Even the Wall Street Journal, which loves debt, is sounding the alarm, writing that rapid growth in debt often ends badly, and given the enormous size and alleged safety of the Treasury market, any "instability" could be catastrophic.

Why catastrophic? Because US treasuries are treated like cash by everything from banks to pension funds to large corporations and individual 401k's. A treasury is seen as cash that pays interest.

image


This is false, of course: A Treasury is a promise from Uncle Sam to pay you back someday, perhaps 20 or 30 years in the future.

This means that, unlike cash, any concerns investors might have about Uncle Sam's ability -- or willingness -- to pay can crash Treasuries.

If that happens, it immediately sends the entire banking system, pension system, and hundreds of corporations into default.
Trillions in Fake Debt

Indeed, it could break the payment plumbing in the entire financial system -- you wouldn't be able to get money.

If that sounds dire, recall that all of these are sustained by the gossamer thin belief that Uncle Sam will pay back every penny with interest.

This is curious given neither voters, who in theory run the government, nor Congress who actually does run the government seem to think the debt is real.

You can actually try this at home: tell a voter that student loan bailouts will cost a trillion -- meaning $10 grand out of their pocket. Or that another war will cost $30 grand out of pocket. Most don't care. Because it's not real.

image


So the voters don't think it's real. Congress doesn't think it's real. But literally, everything depends on the illusion that every penny of federal debt will be repaid in full, with interest.

What could go wrong?
Conclusion

Every fiscal trend is in the wrong direction. We're already at $2 trillion deficit, it will soar by trillions when recession hits.

And it will keep churning with social security, Medicare, and spending on everything from illegal immigrants to fresh wars.

At this point, there is nothing standing between us and fiscal collapse. The only question is when.

================================================== ==

Again the idiots had the nerve to come to media and claim profit caused inflation.

No this is why we have inflation.
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111 comments

 3 months ago '04        #2
ItAlY2BkLyN  topics gone triple plat - Number 1 spot x5
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pay off those lines of credit people. stack bread in high yield savings accounts. hunker down because it could get ugly.

Good thing we have various wars to focus on. That has been the solution to all of America's previous financial woes.
+22   

 3 months ago '17        #3
DavidTheMan  topics gone triple plat - Number 1 spot x1 OP
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 ItAlY2BkLyN said 🔗
pay off those lines of credit people. stack bread in high yield savings accounts. hunker down because it could get ugly.

Good thing we have various wars to focus on. That has been the solution to all of America's previous financial woes.
Nah breh,if the dollar collapses havingsaving accounts in dollars won't be the move.

Move your dollars to crypto or physical gold and silver.
Or park your money into real estate and real goods.

Get a food supply, chickens, community garden, cattle, goats.

Its going down
+5   

 3 months ago '17        #4
Ymmot  topics gone triple plat - Number 1 spot x6
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 DavidTheMan said 🔗
Nah breh,if the dollar collapses havingsaving accounts in dollars won't be the move.

Move your dollars to crypto or physical gold and silver.
Or park your money into real estate and real goods.

Get a food supply, chickens, community garden, cattle, goats.

Its going down
You obviously don't understand the article you posted.
+11   

 3 months ago '17        #5
Ymmot  topics gone triple plat - Number 1 spot x6
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Hopefully the Republicans will stop trying to put the burden on the middle class and start holding the elite and corporations accountable. For anyone paying attention the Biden admin is trying to increase taxes on the 1% and corporations, but Republicans are fighting tooth and nail to cut entitlements and raise the retirement age. Gonna be interesting if trump wins again and all these ignorant a$s trumpers keep complaining about how the government is fu#king them over.
+14   

 3 months ago '17        #6
Ymmot  topics gone triple plat - Number 1 spot x6
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 ItAlY2BkLyN said 🔗
pay off those lines of credit people. stack bread in high yield savings accounts. hunker down because it could get ugly.

Good thing we have various wars to focus on. That has been the solution to all of America's previous financial woes.
We're currently in the least amount of wars we've been in since the 90's. What this article is talking about is how our economy is not sustainable and will crash around 2050. This isn't something that's going to happen in the next couple years.
+4   

 3 months ago '16        #7
Proveone  topics gone triple plat - Number 1 spot x5
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 ItAlY2BkLyN said 🔗
pay off those lines of credit people. stack bread in high yield savings accounts. hunker down because it could get ugly.

Good thing we have various wars to focus on. That has been the solution to all of America's previous financial woes.
Definitely pay off your credit cards, dollar isn't about to collapse though, there's no currency that has the ability to take its place. Also there is a global recession so the fact that the US has issues shouldn't be a surprise, the US economy is better situated than most to deal with what's on the horizon.


+22   

 3 months ago '17        #8
Ymmot  topics gone triple plat - Number 1 spot x6
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 Proveone said 🔗
Definitely pay off your credit cards, dollar isn't about to collapse though, there's no currency that has the ability to take its place. Also there is a global recession so the fact that the US has issues shouldn't be a surprise, the US economy is better situated than most to deal with what's on the horizon.


^ this guy gets it
+5   

 3 months ago '16        #9
Proveone  topics gone triple plat - Number 1 spot x5
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 Ymmot said 🔗
We're currently in the least amount of wars we've been in since the 90's. What this article is talking about is how our economy is not sustainable and will crash around 2050. This isn't something that's going to happen in the next couple years.
Forgive him, like most folks he didn't read past the headline.
+8   

 3 months ago '23        #10
Yopa 
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Word on the streets is that Janet Yellen is about to go to China & Saudi Arabia to convince them to buy couple trillion in Treasury bonds . Let's see what she offers them in return because they've both smarten up to the man's deceitful ways .
+2   

 3 months ago '16        #11
Don Snow 
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$BTC

emoji
+4   

 3 months ago '05        #12
240sx 
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But they say the economy is good and there is more jobs and less unemployment…but …
+6   

 3 months ago '15        #13
donnyyy  topics gone triple plat - Number 1 spot x48
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 Ymmot said 🔗
Hopefully the Republicans will stop trying to put the burden on the middle class and start holding the elite and corporations accountable. For anyone paying attention the Biden admin is trying to increase taxes on the 1% and corporations, but Republicans are fighting tooth and nail to cut entitlements and raise the retirement age. Gonna be interesting if trump wins again and all these ignorant a$s trumpers keep complaining about how the government is fu#king them over.
Ole Biden a puppet just like the rest of them

Elites are their bosses if they arent in on the game too

Their whole order out of chaos is the plan

Its funny too because people think Trump is gonna save them but nope

Their wars are intentional and they lie always about the real agendas

As long as they get you to agree with them... so yeah, yall speaker boxing for either of those parties are being used
+5   

 3 months ago '20        #14
gogosunday  topics gone triple plat - Number 1 spot x9
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Only one side trying to hide average middle class Americans in favor of the 1%

Direct challenge to boxden not to vote against your own interests this fall
+5   

 3 months ago '04        #15
ItAlY2BkLyN  topics gone triple plat - Number 1 spot x5
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 DavidTheMan said 🔗
Nah breh,if the dollar collapses havingsaving accounts in dollars won't be the move.

Move your dollars to crypto or physical gold and silver.
Or park your money into real estate and real goods.

Get a food supply, chickens, community garden, cattle, goats.

Its going down
I support all that too. I was just saying that stacking bread that has easy access will be important. I definitely feel like building up your crypto portfolio is important too. Just harder to liquidate if needed.

But I definitely think having cash on hand will be needed. Don't want to tie everything up in assets that are hard to liquidate. But all the things you mentioned are good stores of value.

 Proveone said 🔗
Definitely pay off your credit cards, dollar isn't about to collapse though, there's no currency that has the ability to take its place. Also there is a global recession so the fact that the US has issues shouldn't be a surprise, the US economy is better situated than most to deal with what's on the horizon.


agree fully. people survived many market collapses in the past. People survived the 2008 crash and they'll survive this. It's all about how well you come out the other side. Insulating yourself against debt is IMO the best move you can make.
+1   

 3 months ago '23        #16
Yopa 
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What ymmot fails to grasp is that countries are moving away from doing business with the United States. Our vehicle market will crash because they have more options . Countries are not buying Treasury bonds & investing their money elsewhere.
+1   

 3 months ago '04        #17
jholla31  topics gone triple plat - Number 1 spot x3
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 Don Snow said 🔗
$BTC

emoji
You guys do realize that on an emp or other major computer hackery all that digital currency could be worthless right?

You think that Russian and Chinese hackers can break a block chain?

Good luck to ya if you think anything other than God can save you

 3 months ago '17        #18
Ymmot  topics gone triple plat - Number 1 spot x6
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 Yopa said 🔗
What ymmot fails to grasp is that countries are moving away from doing business with the United States. Our vehicle market will crash because they have more options . Countries are not buying Treasury bonds & investing their money elsewhere.
What you fail to grasp is that countries are doing slightly less business with America, it's drops in a bucket in the grand scheme of things. The dollar is currently the strongest it's been in almost 2 decades. America is handling global inflation better than any other major country right now. But I know you're a clown who never knows what he's talking about and you get called out constantly.
-2   

 3 months ago '17        #19
Ymmot  topics gone triple plat - Number 1 spot x6
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 donnyyy said 🔗
Ole Biden a puppet just like the rest of them

Elites are their bosses if they arent in on the game too

Their whole order out of chaos is the plan

Its funny too because people think Trump is gonna save them but nope

Their wars are intentional and they lie always about the real agendas

As long as they get you to agree with them... so yeah, yall speaker boxing for either of those parties are being used
Sure, whatever you gotta tell yourself, but he's actively trying to impose a tax on the wealthy, which is more than any other recent administration has done in the past few decades.

↪🔗
-5   

 3 months ago '16        #20
postemupndunkit 
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 Proveone said 🔗
Definitely pay off your credit cards, dollar isn't about to collapse though, there's no currency that has the ability to take its place. Also there is a global recession so the fact that the US has issues shouldn't be a surprise, the US economy is better situated than most to deal with what's on the horizon.


Im saving up to buy another house in a couple years
+2   

 3 months ago '21        #21
2Pac Cares  topics gone triple plat - Number 1 spot x7
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Where's the source
+1   

 3 months ago '17        #22
Dante Haversham  topics gone triple plat - Number 1 spot x20
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I see they moved this to page 2. Typical.
+4   

 3 months ago '15        #23
donnyyy  topics gone triple plat - Number 1 spot x48
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 Ymmot said 🔗
Sure, whatever you gotta tell yourself, but he's actively trying to impose a tax on the wealthy, which is more than any other recent administration has done in the past few decades.

↪🔗
tell him to stop sending billions to UKK-raine first and use the money at home

that's out of order in any house
-1   

 3 months ago '16        #24
Don Snow 
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 jholla31 said 🔗
You guys do realize that on an emp or other major computer hackery all that digital currency could be worthless right?

You think that Russian and Chinese hackers can break a block chain?

Good luck to ya if you think anything other than God can save you
Clueless post
+2   

 3 months ago '06        #25
authenic 
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Op from India
+2   

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