Money makes DC go around. Particularly when there are no effective constraints on the Administration or Congress’s ravenous appetite for insane spending (like Biden bragging about the US funding a large solar energy in Angola while he leaves the southern border wide open). After all, Biden, Schumer and McConnell all believe our money (along with our children) belong to them.
So, since the coronation of King Barack in 2009, US public debt has grown by 200% and just breached $32 trillion. US M2 Money is up 152% since Obama/Biden and The Fed’s Balance sheet is up 275% and M2 Money Velocity is down -30% since Obama/Biden.
And there is no end in sight for US debt expansion. There is $192 in unfunded liabilities which will require much more debt.
Now you know why people are flocking to cryptocurrencies. Washington DC spending and debt issuance is out of control.
Our money belongs to DC politicians and The Donor Class.
A joint meeting of the Biden Administration and Congress.
